Balancer: Asset scale affected by the Euler event is approximately 11.9 million USD

2023-03-14 09:00:44

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ChainCatcher news, DeFi protocol Balancer tweeted that approximately $11.9 million was sent from the bbeUSD liquidity pool to Eule during the Euler Finance attack event, accounting for 65% of the total TVL of that liquidity pool. The bbeUSD tokens were also deposited into four other liquidity pools: wstETH/bbeUSD, rETH/bbeUSD, TEMPLE/bbeUSD, and DOLA/bbeUSD. The other Balancer liquidity pools are safe.

Due to measures taken to protect the remaining funds, the UI currently does not support existing LPs exiting their positions in these bbeUSD pools, but there is no risk of further loss of funds. Users of the bbeUSD pool can proportionally withdraw tokens and bbeUSD using the UI, but they cannot withdraw funds from bbeUSD until Euler restores the transferability of eTokens (e.g., eDAI/DAI). (source link)

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Euler Finance Balancer

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