Here you can find the latest information about the Stability Pool (“Earn”) issue.
The latest update is on the top.
Feb 18
A fix for the issue in the Stability Pools raised regarding Liquity V2 is in development, and audits are scheduled to begin at the end of next week.Liquity V2 will be redeployed, and users will be encouraged to reopen their positions on the new contracts.What does this mean for current users?
- Liquity V2 Stability Pool depositors should close their positions. Immediate action is strongly advised, as there is an issue that could result in the loss of funds held in these contracts.
- Liquity V2 Borrowers should close their loans while liquidity conditions for BOLD remain favorable.
- BOLD holders without a loan position should sell their BOLD (more below).
If BOLD is above $1, BOLD holders should consider:
- Selling their BOLD using Curve, Uniswap, Balancer or a dex aggregator
- Providing single sided liquidity on Uniswap in ranges which they find attractive
- Setting limit orders on aggregators like Cow Swap
Feb 13
Yesterday’s issue with the Stability Pools (“Earn”) on Liquity V2 has been confirmed.
Users are strongly advised to close their Stability Pool (“Earn”) positions in Liquity V2. To the team’s knowledge, no users have been impacted and the issue is isolated to the Stability Pool (“Earn”).
All other parts of the system are unaffected (“Borrow”, “Multiply” and “Stake”) and BOLD remains fully backed and redeemable.
The Liquity V2 protocol will be redeployed with a patch.
Feb 12
The Liquity team was informed of a potential issue affecting Liquity V2 Stability Pools (“Earn”), and is currently investigating a potential impact.
The team is currently working on confirming this potential issue and solutions. The protocol continues to work as expected and to the team’s knowledge the potential issue has not impacted any users.
Out of an abundance of caution, a Liquity V2 user should close their Stability Pool (“Earn”) positions.
Based on the current understanding, the following parts of the system aren’t affected:
- BOLD remains fully backed and redeemable
- Borrowers can withdraw their collateral assets
- Staked LQTY positions are not impacted
Disclaimer:
- It is strongly encouraged that all users interact with frontends which they have previously used.
- Liquity team members will not DM you, and there is no help desk or private support channel.
- Scammers may use this opportunity to try to steal your funds, please remain vigilant and only use official sources for information.
- Liquity V2 is fully permissionless, and the Liquity team does not maintain any administrative roles over the Liquity protocol. It is each user’s own responsibility to take appropriate actions when interacting with the Liquity protocol.
