Liquity v2 sees $17 million outflow of funds after issuing stability pool related warnings

According to Cointelegraph, decentralized lending platform Liquity recorded over $17 million in fund outflows within 24 hours after advising users to exit its recently launched Liquity v2 stable pool. In addition, the total locked value (TVL) of Liquity v2 decreased by 18% from its historical high of $84.9 million on February 11th to $69.6 million. The Liquity v2 pool contains three types of tokens - Rocket Pool ETH (RETH), Wrapped Ether (WETH), and Wrapped Lido Staked Ether (WSTETH). Among them, the outflow amount of WSTETH is about 11.3 million US dollars, while the outflow amounts of RETH and WETH are about 1.2 million US dollars and 4.5 million US dollars respectively. Lido, a liquidity based staking platform based on Ethereum, has also notified holders of WStETH to withdraw their investments from the Liquity v2 stablepool ("Earn"). Earlier yesterday, Liquity announced that its team has been informed of a potential issue that may affect the Liquity V2 stability pool ("Earn") and is currently investigating its potential impact. For highly cautious considerations, it is recommended that Liquity V2 users close their stable pool ("Earn") positions.