Why is poolin wallet suspending Bitcoin and ether withdrawals?

Poolin, one of the world's biggest crypto mining pools, is suspending bitcoin and ether withdrawals from its wallet service due to "liquidity problems." From a report: "As you may have known, Poolin Wallet is currently facing some liquidity problems due to recent increasing demands on withdrawals.

What is crypto liquidity mining?

In crypto liquidity mining, you earn rewards by letting a decentralized trading service work with some of your cryptocurrency tokens. These tokens will facilitate low-friction trades between anonymous crypto holders. Let’s start from the bottom and work our way up.

What's going on with Crypto withdrawals?

The Beijing-based company is among the latest industry firms to suspend withdrawals due to liquidity problems amid this year's decline in crypto asset prices. Lenders Voyager Digital and Vauld both halted withdrawals in July.

What is a decentralized liquidity pool for stablecoins?

Curve – A decentralized liquidity pool for stablecoins based on the Ethereum network. It provides reduced slippage because stablecoins aren't volatile. Balancer – A decentralized platform providing a few pooling options such as private and shared liquidity pools offering catered benefits for its liquidity providers.