After issuing a warning related to the stability pool, Liquity v2 saw an outflow of 17 million US dollars
According to Cointelegraph, the decentralized lending platform Liquity recorded over $17 million in outflows within 24 hours after advising users to exit its recently launched Liquity v2 stability pool. In addition, the total value locked (TVL) of Liquity v2 fell by 18% from a historical high of $84.9 million on February 11th to $69.6 million. The Liquity v2 pool contains three tokens - Rocket Pool ETH (RETH), Wrapped Ether (WETH) and Wrapped Lido Staked Ether (WSTETH). Of these, WSTETH had an outflow amounting to approximately $11.3 million, while RETH and WETH had outflows of about $1.2 million and $4.5 million respectively. Ethereum-based liquidity staking platform Lido also notified wstETH holders to withdraw their investments from the Liquity v2 stability pool ("Earn").
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
iHealthcare Group appoints Thobile Mabuza as independent non-executive director
Coliwoo Holdings Likely Aims to Monetize More Assets -- Market Talk
After purchasing two million Nvidia GPUs, Amazon (AMZN.US) continues to expand its AI computing power by reaching a power purchase agreement with four wind farms in Sweden.
Amazon (AMZN.US) has signed a long-term agreement to purchase electricity from four wind farms in Sweden to help meet the power demand resulting from its data center expansion in the Nordic country.
The global AI competition is reshaping supply chains, Malaysia raises its annual electronics and electrical exports forecast to 900 billion ringgit.
The head of Malaysia's chip industry recently raised the country's forecast for this year's exports of electronic and electrical (E&E) products, expecting it to exceed 900 billion ringgit (approximately $223 billion).
Crypto prices
More
