Liquity (LQTY) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Liquity has a current supply of 100,000,000 with 95,041,425.41735072 in circulation. The last known price of Liquity is 1.36611396 USD and is down -8.15 over the last 24 hours. It is currently trading on 198 active market(s) with $32,883,326.30 traded over the last 24 hours. More information can be found at https://www.liquity.org/.
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TL;DR Security Concerns: Liquity Protocol reported a potential issue with its V2 Stability Pools, urging users to close positions as a precaution while the exact problem is being investigated. Heavy Withdrawals: Over $17 million was withdrawn from Liquity v2 within 24 hours of the announcement, leading to an 18% drop in total value locked.
The incident highlights the importance of transparency and proactive communication in maintaining user trust in decentralized finance platforms. The post Liquity Protocol urges users to exit ‘Earn' Stability Pool over undisclosed issue appeared first on Crypto Briefing.