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Lisk Urges Uniswap Providers to Temporarily Pull ETH/LSK Liquidity

The request covers the pool pairing Ether with LSK. Lisk says it will tell providers when to add liquidity again.

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Two metal discs are lifted from a clear acrylic basin / TokenPost.ai
Two metal discs are lifted from a clear acrylic basin / TokenPost.ai

Lisk urged all liquidity providers in Uniswap’s ETH/LSK pool to withdraw their positions temporarily, putting the pair’s available liquidity in focus for traders using LSK.

The recommendation applies to the pool pairing Ether (ETH) with Lisk (LSK). Providers who comply would take their liquidity out of that pair. Lisk described the withdrawal as temporary but gave no date for providers to return. If providers act on the request, the pool will have less liquidity available for that pair; Lisk did not quantify the amount that could be removed.

The announcement did not explain why the team wants liquidity removed. It also did not say any providers had already withdrawn, so the request alone does not establish that the pool’s liquidity has changed. Lisk said it will notify users when it is appropriate to add liquidity again.

That follow-up notice is the next step for providers. Lisk is an Ethereum layer-2 network, and the recommendation concerns its LSK token paired with Ether on Uniswap. The notice concerns that specific pool.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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