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
Truist CEO Michael P. Lyons buys 21,000 common shares worth $1,015,576.80
Goldman Sachs: Concern over "profit bubble" is exaggerated, S&P 500 could rise to 8,700 points next year
Goldman Sachs predicts that corporate earnings will grow by 11% next year, which could drive the S&P 500 index up by 14% over the next year to around 8,700 points.
Morgan Stanley Adjusts Constellation Energy PT to $369 From $364, Maintains Overweight Rating
Crypto prices
More
