Balancer, a popular protocol for programmable liquidity mostly on Ethereum, surprised users with a centralized action. Although it is completely understandable, it does make clear there is a feature here that can turn into a problematic vulnerability later.
So @BalancerLabs just blacklisted a pool and removed it from their frontend… a pool with **$20 million** of funds in it.— ⟠ toast.eth 🦄 (@intocryptoast) July 29, 2020
They did this without any community governance at all. pic.twitter.com/bKq9Qt8rRv