LTV Protocol

6/6 We strongly recommend that LPs withdraw their funds before April 16.

5/6 If you withdraw after April 16, you will receive the corresponding amount of underlying collateral (wstETH) directly.

1/6 Pilot Vault Deprecation We have decided to deprecate the Pilot Vault. We recommend to all users withdraw their funds from the vault.

3/3 For a detailed breakdown of the incident, including the oracle transaction and the price deviation that occurred, please see the full analysis in the thread below. x.com/andrENsobol/st…

2/3 The current Pilot Vault token price: 1.0140 The LTV Protocol was not affected, and no losses occurred.

1/3 The issue with the CAPO risk oracle on Aave v3 has now been resolved. The LTV Protocol Pilot Vault has been successfully unstopped. Operations are back to normal and everything is running smoothly. x.com/ltvprotocol/st…

3/3 Tagging for visibility: @aave @chainlink @LidoFinance

2/3 Current oracle ratio on Aave: getAssetPrice(WSTETH) / getAssetPrice(WETH) = 1.193957 Meanwhile the market ratio is approximately: wstETH / WETH ≈ 1.228849

1/3 LTV Guardian temporarily stopped the LTV Protocol due to an abnormal oracle price affecting wstETH on Aave. A recent transaction submitted through the oracle system appears to have artificially capped the wstETH price below the market level, which results in a significant deviation from the real ratio. etherscan.io/tx/0x32c641514…

Today, unfortunately, we have to share deeply difficult news. Ilya Abrosimov, @0xCorwin CEO of LTV Protocol, passed away on February 20. This is an immense loss for our team, our community, and everyone who had the privilege of working with him. From an operational standpoint, the protocol infrastructure remains fully functional and secure. In the coming days and weeks, I will provide clear and structured updates regarding next steps for LTV protocol.

LTV Pilot Vault: Back to Profit. After the recent borrow rate spike and utilization stress on Aave, the vault has officially returned to daily profitability. Rates normalized. Utilization cooled off. Strategy back in positive yield.

import hashlib data = b"We have pushed an upgrade to partially recover tokens stolen from one of our users via a phishing attack. All funds are SAFU." hash_hex = hashlib.sha256(data).hexdigest() hash_hex == "3ee33a7023b30d4cf10a171de19b9b2ab458a3100095bd0a0a75eaa387f20852"

We have pushed an upgrade to partially recover tokens stolen from one of our users via a phishing attack. All funds are SAFU. The protocol has been fully rolled back to the previous implementation — everything is operating as usual. There were no vulnerabilities in the protocol code. No action is required from users. Everything remains secure. We'll publish a detailed post-mortem with links and technical breakdown shortly.

3ee33a7023b30d4cf10a171de19b9b2ab458a3100095bd0a0a75eaa387f20852

3/3 The primary reason behind this spike is a large liquidity withdrawal: some whale has withdrawn approximately $200M in WETH (~96,117 WETH) from the market, significantly reducing available supply and driving utilization higher. etherscan.io/tx/0x7d6c7ccee…

2/3 As a result, the LTV Pilot Vault (wstETH/ETH Vault on AAVE v3) is moving into a loss zone (i.e., becoming temporarily unprofitable).

1/3 Right now, the borrow rate on Aave has increased to 7.21%, driven by extremely high utilization. Current WETH utilization stands at ~98%, which is pushing borrowing costs up rapidly.