Seems like effective hard cap is reached.
10 Jun 2023, 06:01
Seems like effective hard cap is reached. This is when the total pooled RUNE is more than the total bonded RUNE quantity of the lowest 67% of active nodes.
Swaps and LP/Savers withdrawals function as normal, but LP/Savers deposits and Synths minting are blocked.
Pooled RUNE can drop below the effective hard cap via:
- Overall RUNE:Asset price ratio increases
- Bonded RUNE increase (either by more nodes churning in, or nodes posting more bond)
- Withdrawals from LP/Savers