🌳 Update: Balancer V2 LP Pools Deprecated Treehouse remains unaffected by recent incidents—no funds are lost, and all $tETH, $tAVAX, and LP positions remain secure. Existing LPs in tETH-wstETH Balancer V2 Pools should migrate liquidity to the following pools. 🧵👇
An Update on the Balancer & Stream Incident TLDR: All tAssets (tETH & tAVAX) are unaffected and secured. All funds are SAFU. Following our earlier post on the Balancer security incident, Treehouse’s engineering and risk teams have completed a full assessment of all tAsset positions across supported networks. • We confirm that all Treehouse tAsset Vaults (tETH, tAVAX) and their associated liquidity pools were unaffected, and all funds are SAFU. • The Balancer v2 tETH/wstETH LP pool on the Ethereum network was paused in time by the Balancer team and no funds were lost. • Out of precaution, we blacklisted all actions on the Balancer v2 tETH/wstETH LP pool on the Arbitrum network so that no funds could be moved temporarily. • Out of precaution, we also paused deposits and withdrawals for the gtETH vault on Ethereum to ensure that we isolate the risk of gtETH positions—to be clear, no funds were lost in gtETH. • Some liquidity positions on the Balancer v3 pools are being migrated to Curve to further isolate exposure to the Balancer protocol temporarily. Additionally, we are also aware of the incident affecting Stream Finance. We confirm that all Treehouse tAsset Vaults have no exposure directly or indirectly to xUSD Stream. All funds in tAsset Vaults remain secure and SAFU. Treehouse continues to work closely with Balancer and ecosystem partners to monitor the situation and maintain the highest security standards for our users. We will provide more updates as the situation evolves.
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