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Pendle: 3 Pendle pools affected by Balancer emergency measures, holders are advised to withdraw underlying LP assets.
2023-08-23 02:30
Odaily News: DeFi yield protocol Pendle Finance announced that three Pendle pools, namely ETHx-bbaWETH, swETH-bbaWETH, and swETH-bbaWETH (old), have been affected by emergency measures taken by Balancer. Other pools are unaffected. The funds in the affected pools are secure, but trading in the underlying Balancer pool has been disabled, resulting in no further fees or yield. Holders are advised to withdraw their underlying LP assets.



In previous news, Balancer was informed of a serious vulnerability affecting multiple V2 pools. Balancer has implemented emergency mitigation procedures to ensure the security of the majority of TVL (Total Value Locked), but some funds still carry risks. Users are advised to immediately withdraw the affected LP assets.