Venus Protocol paused new BAL-collateral loans on Ethereum by setting LTV to zero, following Balancer hack reports, while keeping the liquidation threshold unchanged at 59% to protect current positions.
Venus Protocol announced on X that it has set the loan-to-value ratio for Ethereum BAL collateral to zero in response to reports of a Balancer hack, effectively halting new BAL-based loans. Existing positions remain unaffected as the liquidation threshold is maintained at 59%. This move aims to mitigate potential risk while ensuring borrower stability during the investigation.