borrow. on. your. own. terms. Liquity V2 will be the endgam | Liquity on Binance Square

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borrow.on.
your.
own.
terms.
Liquity V2 will be the endgame for CDPs.
@colingplatt @ @stable_summit

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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. We will update via our official channels (Discord, Twitter) next week.

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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 this issue has not been exploited, 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. We will update via our official channels (Discord, Twitter) next week.

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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 We will keep you updated via only our official channels (Discord announcements and Twitter).

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January Community Rewards 🚨 If you've contributed to raising awareness about Liquity, make sure to submit your claim here: https://forms.gle/XAv3uX31ugiLo8SJ7

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get paid to borrow 🔷 Liquity V2 currently offers the lowest average borrowing rates for ETH, rETH, and wstETH borrow on your own terms.

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