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Liquity v2 shows $17 million in capital outflow after issuing a stable pool-related warning
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3 hours ago 4,509
On February 13, according to Cointelegraph, decentralized lending platform Liquity recorded more than $17 million in capital outflows within 24 hours after suggesting users to exit its recently launched Liquity v2 stable pool. In addition, the total lock-in value of Liquity v2 (TVL) fell 18% to $69.6 million from its all-time high of $84.9 million on February 11. The Liquity v2 pool contains three tokens - Rocket Pool ETH (RETH), Wrapped Ether (WETH) and Wrapped Lido Staked Ether (WSTETH). Among them, the outflow amount of WSTETH is about US$11.3 million, while the outflow amount of RETH and WETH is about US$1.2 million and US$4.5 million, respectively. Ethereum-based liquidity staking platform Lido also notified wstETH holders to withdraw their investments from the Liquity v2 stable pool ("Earn"). Previously, Liquity said its team has been informed of a potential issue that could affect the Liquity V2 stable pool ("Earn") and is currently investigating its possible impact. For high caution, it is recommended that Liquity V2 users close their stable pool ("Earn") positions.
Keywords: Bitcoin
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