馃毃 Balancer Shuts Down
馃毃 Balancer Shuts Down
馃毃 Balancer Shuts Down
Balancer Labs proposes deprecating v2 stable pools following recent security events.
Key changes:
- All liquidity providers urged to migrate to v3
- v2 pool factories will be disabled
- v3 remains fully operational and unaffected
This is a preventive measure taken out of abundance of caution. The proposal aims to enhance security by consolidating liquidity on the newer, more secure v3 platform.
What LPs need to do:
- Remove liquidity from v2 stable pools
- Migrate funds to v3 pools
- Monitor the governance proposal for updates
Balancer emphasizes this is a proactive security step, not a response to immediate threats to v3.
Following last week鈥檚 events, out of an abundance of caution, Balancer Labs proposed a BIP to deprecate v2 stable pools and encourage LP to migrate their liquidity to v3. Balancer v3 remains fully operational and unaffected. This is a preventive measure and we appreciate the
Balancer Whitehat Recovery Secures $4.1M After V2 Meta-Stable Pool Vulnerability
**Balancer team executed a whitehat recovery operation** securing approximately **$4.1M** from vulnerable V2 meta-stable pools following the discovery of a new value-extraction path. **Key Details:** - Recovery initiated at 7PM UTC in coordination with Certora and SEAL Org - Funds now in controlled custody for reconciliation and return to users - **Multiple chains affected:** Ethereum, Optimism, and Arbitrum - **V3 pools remain unaffected** by this vulnerability **Affected Pools:** - 4 pools on Ethereum mainnet - 2 pools on Optimism (with Beethoven X) - 1 pool on Arbitrum **User Advisory:** - **Do not interact** with listed pools until further guidance - Only follow official Balancer channels for updates - Beware of phishing attempts during this incident This follows the recent $128M exploit that affected Balancer V2 stable pools across multiple chains. The team is working on reconciliation and will provide verified updates as the process completes.
Balancer Sends On-Chain Message to Hacker After V2 Pool Exploit
**Balancer reached out directly to the hacker** following Monday's exploit of their v2 pools. The team sent an **on-chain message to all known addresses** involved in the incident, offering a communication path for fund recovery. **Key developments:** - Investigation ongoing with high priority - Direct contact attempt made with exploiter - Users awaiting further updates - Team following security best practices Balancer warns users to **avoid scam attempts** that may appear in response to the incident. The protocol continues gathering information and promises updates as the investigation progresses.
StreamDefi Partners with Balancer to Launch Four StableSurge Pools Across Multiple Chains
**StreamDefi** has launched four new StableSurge pools on Balancer v3, bringing their $265M+ TVL and delta-neutral strategies to **Plasma, Arbitrum, and Avalanche**. **Key Features:** - **StableSurge hooks** maintain tight pegs through dynamic fee adjustments - Penalties for destabilizing trades, rewards for rebalancing trades - **100% boosted pools** earn lending yield while providing liquidity - Delta-neutral strategies offering **8-18% APY** with zero directional risk **Live Pools:** - [xUSD/USDT on Plasma](https://balancer.fi/pools/plasma/v3/0x694c009aa31b3f80ee18c218b02390ca2d7151e7) - [USDC/xUSD on Arbitrum](https://balancer.fi/pools/arbitrum/v3/0x7c60989d5e663836cf688f2bacf12a1208ae11b7) - [mevUSDC/xUSD on Avalanche](https://balancer.fi/pools/avalanche/v3/0x9dfdf58e1624cba507d0a38059e85eeab74f3b6b) - [BTC.b/xBTC on Avalanche](https://balancer.fi/pools/avalanche/v3/0x345e9afe5dd68237541993e5e2b9a87367ed91b7) The partnership focuses on **sustainable returns** rather than unsustainable incentives, combining Stream's proven strategies with Balancer's peg-protecting technology. Explore pools at [balancer.fi](http://balancer.fi)
Plasma Protocol Reaches $100M TVL Within 24 Hours of Launch
**Plasma Protocol achieved over $100M in Total Value Locked (TVL) within just 24 hours of deployment.** Key highlights: - Protocol launched and immediately attracted significant capital - Liquidity flows directly into Aave vaults to boost yields for liquidity providers - Aave simultaneously reached $4B+ TVL during the same period The rapid adoption demonstrates strong market demand for the protocol's yield-boosting mechanism. By channeling funds into established Aave infrastructure, Plasma creates additional earning opportunities for participants while leveraging proven DeFi protocols.