On-chain alert warns Opyn v2 oToken holders to urgently redeem 324 ETH before pool drains.
DeFi & Yields ·
An on-chain message warned holders of Opyn v2 oTokens to urgently redeem approximately 324 ETH through the protocol's Controller contract before available liquidity depleted. The alert, sent via transaction on mainnet, targeted holders of oWETHUSDC/WETH-22JUL22-1400C positions and noted that the pool held only around 379 ETH while other users were withdrawing funds.
The message indicated a potential liquidity crisis within an Opyn v2 pool, where redemption requests could exhaust available reserves if not processed quickly. The sender identified themselves as a researcher and directed recipients to verify details via forgotteneth.com, suggesting the alert was issued independently rather than through official Opyn channels.
The underlying cause of the pool's liquidity strain and whether redemptions proceeded as warned remain unclear from the available information. No statement from Opyn or confirmation of resolution has been documented in the material provided.