Notional: Withdrawal on the mainnet and Arbitrum will be suspended, and detailed user withdrawal plans will be announced later.

On November 6th, the fixed-rate lending protocol Notional Finance announced a significant update for V3 users. The total bad debt resulting from the Balancer vulnerability on the mainnet amounts to 641.4 ETH, and on Arbitrum, it is 80.2 ETH. Users with positions in the affected Balancer/Aura leverage pools will lose 100% of their position value. Both Ethereum borrowers and liquidity providers on the mainnet and Arbitrum will experience significant depletion of their account values, including those who borrowed against ETH as collateral. The account values of other users will remain unaffected. Notional V3 will cease its operations on the mainnet and Arbitrum. Due to the substantial scale of bad debt, Notional V3 is unable to continue operating normally. Detailed user withdrawal plans will be announced shortly. Users holding cross-currency lending positions on the Notional platform will be automatically migrated to the Aave platform. As Notional V3 is gradually shutting down, users will not be accurately presented with liquidation risks, and they will not be able to manage their positions.