Gondola Finance: The Reason for Delaying GDL Mining

  1. Funds are SAFE. NO ACTION is required
  2. Start of yield farming will be postponed until Monday, May 3 2:00 pm UTC
  3. The Gondola team has adjusted and optimised the Amplification Coefficient, which fixes the problem by discouraging imbalanced pools
  4. As further precaution, the Gondola team is adding clear warnings to the frontend as a precaution to alert users when pools are particularly imbalanced, and closely monitoring pools from the start
  1. The pool contained imbalanced assets. This can happen on occasion. For instance, WBTC is much more popular compared to tBTC, and so you can expect more WBTC than tBTC coming in a pool like this
  2. A user/liquidity provider came in, didn’t realise there was a significant imbalance in assets, but went ahead and deposited a large single-sided amount of WBTC. There were no guardrails to prevent this from happening

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Gondola Finance

Gondola Finance

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