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Notional Finance to Shut Down V3 Operations on Ethereum and Arbitrum After Balancer Exploit

Fixed-rate lending protocol Notional Finance will discontinue V3 operations on Ethereum mainnet and Arbitrum following a Balancer-related vulnerability that resulted in bad debt of 641.4 ETH on mainnet and 80.2 ETH on Arbitrum, the platform announced on Nov. 6. Users holding positions in affected Balancer/Aura leveraged vaults will experience 100% loss of position value, while ETH lenders and liquidity providers on both networks face significant account value reductions. The protocol stated the scale of bad debt prevents continued normal operations and will announce a detailed withdrawal plan, with cross-currency borrowing positions on Notional to be automatically migrated to Aave.
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