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Notional: Due to the Balancer vulnerability-related bad debt, withdrawals will be temporarily suspended. Further details on the withdrawal process will be provided soon.
BlockBeats News, November 6th, Notional Finance, a fixed-rate lending protocol, announced a significant update for V3 users. The total amount of bad debt related to the Balancer exploit on the mainnet is 641.4 ETH, and on Arbitrum, it is 80.2 ETH. Users holding positions in the affected Balancer/Aura leverage pools will lose 100% of their position's value. Ethereum borrowers and liquidity providers on the mainnet and Arbitrum will face a significant loss in account value, including users who borrowed against ETH as collateral. Other users' account values will not be affected.
Notional V3 will cease operations on the mainnet and Arbitrum. Due to the significant scale of bad debt, Notional V3 cannot continue operating normally. Detailed user withdrawal plans will be announced soon. Users holding cross-currency lending positions on the Notional platform will be automatically migrated to the Aave platform. Due to the gradual closure of Notional V3, users will not be accurately shown liquidation risks, and they will not be able to manage their positions.
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