The announcement reveals a substantial achievement, with over 98.7% of the initially at-risk funds now secured. This milestone comes as a relief to users who had their investments hanging in the balance.
Over 98.7% of liquidity initially deemed vulnerable is now SAFE.
As of writing, the vulnerability has not been exploited.
However, 0.42% of total TVL ($2.8 million) remains at risk, with users advised to withdraw ASAP using the UI.https://t.co/PDzX32fSpk pic.twitter.com/0eLGQ7peoR
— Balancer (@Balancer) August 24, 2023
Just yesterday, Balancer had reported a significant stride in risk mitigation. More than 97% of the potential vulnerabilities were successfully addressed, bolstering the overall security of the platform. However, the latest update indicates that a fraction, precisely 0.89%, of the total TVL (Total Value Locked) remains in the risk zone.
The call for users to withdraw their funds as swiftly as possible underscores the proactive approach Balancer is taking to safeguard its users’ investments. By emphasizing the urgency of this action, the platform aims to minimize any potential exposure to risk and ensure the continued confidence of its user base.
Balancer’s commitment to transparency and user protection shines through in these updates. The continuous efforts to mitigate risk and secure assets demonstrate the platform’s dedication to fostering a secure DeFi ecosystem. The shift from a higher initial risk percentage to the current 0.89% showcases the progress made in a relatively short span.
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