Hi all, on the topic of MultiChain, we have withdrawn all of the liquidity with the exception of $4,900 worth of MELD tokens in
25 May 2023, 16:16
Hi all, on the topic of MultiChain, we have withdrawn all of the liquidity with the exception of $4,900 worth of MELD tokens in the multichain Avalanche pool. We are in the process of removing the last of it now. At the first sign of this issue yesterday morning, we withdrew all of the liquidity back to the native blockchains Ethereum and MELD) as a precautionary measure. We are currently monitoring and speaking with MultiChain daily to better understand the situation. As we all know bridges hold a bigger risk than other blockchain infrastructure. While we are very cautious about bridging, we believe that cross chain will be one of the major components of the next phase of crypto and a big part of the next bull market. We want to take this time to get it right and make sure it’s done in a predictable and safe manner.