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DeFi

3 Pendle Pools Affected By Balancer’s Emergency Measures, Money Is Safe

August 23, 2023 - Around 2 mins mins to read

Key Points:

  • 3 Pendle groups will be affected by Balancer’s emergency measures after a critical vulnerability is discovered.
  • Money in affected groups remains safe. However, swaps in the Basic Balancer pool have been disabled.
  • Owners are encouraged to withdraw to the base LP assets as Balancer recommends.
According to the official announcement from the DeFi Pendle Finance profit agreement, it was announced that 3 of the platform’s liquidity pools were affected by the Balancer’s emergency measures.
3 Pendle Pools Affected By Balancer's Emergency Measures, Money Is Safe

The 3 Pendle pools, including ETHx-bbaWETH, swETH-bbaWETH, and swETH-bbaWETH (old) and others, will not be affected. Funds in the affected pools are safe, but the swaps in the Base Balance pool have been disabled. This means there will be no additional fees or benefits. However, owners are still advised to withdraw to the base LP assets as recommended by Balancer.

As per previous information, Balancer Labs has received reports of a critical vulnerability affecting several teams. The vulnerability report prompted immediate emergency measures. The most money on Balancer is safe. Only 1.4% of total TVLs are at risk, and only enhanced groups are affected. Some groups are paused to reduce risk.

Emergency SubDAO has initialized proportional exit options for all affected pods in response to this situation. Additionally, groups that are still on hiatus have been temporarily suspended as a precautionary measure.

Balancer has provided a personalized page on the user interface to determine if a connected wallet is an LP in any affected pool and a streamlined process to guide you through withdrawals.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

DeFi

3 Pendle Pools Affected By Balancer’s Emergency Measures, Money Is Safe

Key Points:

  • 3 Pendle groups will be affected by Balancer’s emergency measures after a critical vulnerability is discovered.
  • Money in affected groups remains safe. However, swaps in the Basic Balancer pool have been disabled.
  • Owners are encouraged to withdraw to the base LP assets as Balancer recommends.
According to the official announcement from the DeFi Pendle Finance profit agreement, it was announced that 3 of the platform’s liquidity pools were affected by the Balancer’s emergency measures.
3 Pendle Pools Affected By Balancer's Emergency Measures, Money Is Safe

The 3 Pendle pools, including ETHx-bbaWETH, swETH-bbaWETH, and swETH-bbaWETH (old) and others, will not be affected. Funds in the affected pools are safe, but the swaps in the Base Balance pool have been disabled. This means there will be no additional fees or benefits. However, owners are still advised to withdraw to the base LP assets as recommended by Balancer.

As per previous information, Balancer Labs has received reports of a critical vulnerability affecting several teams. The vulnerability report prompted immediate emergency measures. The most money on Balancer is safe. Only 1.4% of total TVLs are at risk, and only enhanced groups are affected. Some groups are paused to reduce risk.

Emergency SubDAO has initialized proportional exit options for all affected pods in response to this situation. Additionally, groups that are still on hiatus have been temporarily suspended as a precautionary measure.

Balancer has provided a personalized page on the user interface to determine if a connected wallet is an LP in any affected pool and a streamlined process to guide you through withdrawals.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.