Decentralized computerized market maker Balancer disclosed that several of its liquidity swimming pools were in menace on Tuesday.

In a Twitter announcement, the Balancer team requested users to withdraw funds from the affected V2 swimming pools without lengthen, and said that despite the truth that measures had been put in place to stable many of the Full Designate Locked (TVL) in the protocol, some funds were peaceful in menace.

The Balancer UI will inform all users in the occasion that they retain liquidity within affected LPs with step-by-step withdrawal instructions.

For more files, the next discussion board put up particulars all swimming pools which would be affected.https://t.co/zi8DJUtGEB

— Balancer (@Balancer) August 22, 2023

Quickly after, the team instructed users that correct 1.4% of TVL used to be peaceful in menace, and absolute most life like boosted swimming pools were affected. The affected swimming pools are Mainnet, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom and zkEVM.

“Several swimming pools are paused to mitigate dangers and need to peaceful live so, with users instructed to withdraw liquidity as soon as that you just may maybe maybe possibly be imagine,” said the team in a tweet.

Even supposing Balancer estimates that correct $10 million is peaceful in menace, it appears to be like that users delight in been pulling funds off the platform of noteworthy bigger price. Info from DeFiLlama shows that over $200 million has been withdrawn from Balancer V2 since, with TVL falling to round $544 million on the time of writing.

In response to the vulnerability, Balancer’s Emergency SubDAO acted to enable a proportional exit from all affected swimming pools, and quit any swimming pools peaceful for the interval of the quit window.

The team of developers said they weren’t at liberty to get a paunchy public disclosure relating to the vulnerability till all funds had been secured, however planned to present extra particulars through a put up-mortem list at a later time.