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LTV Protocol
560 posts
LTV Protocol
@ltvprotocol
Leveraged yield for your Ethereum and Stables
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Mainnet live!
Replying to @ltvprotocol3/3 Users can now withdraw their funds at any time directly in the collateral asset: wstETH. No further strategy activity is taking place in this vault. App: app.ltv.finance- Replying to @ltvprotocol2/3 The vault no longer holds any leveraged positions. All assets are now held purely as collateral (wstETH).
- 1/3 The deprecated LTV Pilot Vault (wstETH/ETH on Aave v3) has been fully deleveraged, and the Deleverage & Withdraw admin flow has been successfully executed.
- Replying to @ltvprotocol6/6 We strongly recommend that LPs withdraw their funds before April 16.
- Replying to @ltvprotocol5/6 If you withdraw after April 16, you will receive the corresponding amount of underlying collateral (wstETH) directly.
- Replying to @ltvprotocol4/6 For the Pilot Vault, the collateral asset is wstETH from Lido.
- Replying to @ltvprotocol3/6 This process simply unwinds the leveraged position in the protocol. After leverage is closed, the smart contract will only hold the underlying collateral.
- Replying to @ltvprotocol2/6 In one month — April 16 — we will call the Deleverage & Withdraw function on the Pilot Vault.
- 1/6 Pilot Vault Deprecation We have decided to deprecate the Pilot Vault. We recommend to all users withdraw their funds from the vault.
- Replying to @ltvprotocol3/3 For a detailed breakdown of the incident, including the oracle transaction and the price deviation that occurred, please see the full analysis in the thread below.1/9 Today the new CAPO risk oracle on @aave v3 triggered an abnormal price update for wstETH, which resulted in a cascade of liquidations. More than 10,000 ETH worth of positions were liquidated across several large accounts.
- Replying to @ltvprotocol2/3 The current Pilot Vault token price: 1.0140 The LTV Protocol was not affected, and no losses occurred.
- 1/3 The issue with the CAPO risk oracle on Aave v3 has now been resolved. The LTV Protocol Pilot Vault has been successfully unstopped. Operations are back to normal and everything is running smoothly.1/3 LTV Guardian temporarily stopped the LTV Protocol due to an abnormal oracle price affecting wstETH on Aave. A recent transaction submitted through the oracle system appears to have artificially capped the wstETH price below the market level, which results in a significant
