There is a proposal #29 showing up in Anchor Governance page that wants to Freeze Earn and Borrow page functions.
Without specifying any details and whether people can repay back their loans and get their collateral back, this is a candidate for total NO with VETO .
Make sure, they do not freeze our collateral bAssets that are sitting on the Borrow page. With great difficulty we had them open up that page so people can get back claim to their collaterals.
If they were to freeze the functions on Borrow page, imo, everyone would withdraw everything they have put into Anchorprotocol and that would be the death of Anchor.
This stuff needs some more elaboration… anyone putting any proposal out there is a stupid thing.
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allegedly they got hacked and this is probably to fix something. Total borrow 49M. Total Collateral Value 7M.
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Uphill task unless someone puts some moderate capital in and revives it. Their non communicativeness for days after luna2 was quite a discouragement for many. That’s why you see a shrinking collateral value.
If they do not let people earn or borrow where is the incentive to add more collateral?
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Wasn’t an hack, but rather an issue with the liquidation queue. Price dropped faster than the liquidation queue kept up, the amounts paid weren’t sufficient to cover some loans, so now Anchor is in default.
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It understandable that an issue would occur with the liquidation queue. bLuna was 5.3 when its real price should of been about 0.001. Then an alleged attacker took out a large loan and cashed out. There wasn’t enough bluna for any queue to liquidate and recover the lost UST considering it went from 5.3 to 0 in one block.
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