Hassan Maishera
The Balancer team informed its users via X on Monday that they observed significant liquidations of large BAL positions on Aave and Venus overnight, which led to significant price volatility.
Balancer teams are currently assessing how this affects liquidity mining emissions across our pools and coordinating next steps with ecosystem partners.
This was an external market event. The protocol remains secure, fully operational, and unaffected by these liquidations, the team added.
Balancer is an automated market maker, decentralized exchange and liquidity pool protocol built on Ethereum that allows users to provide liquidity for multiple assets simultaneously. BAL is trading at $0.2249, UP by 10.5% in the last 24 hours.
