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- In catastrophic scenarios, in order to protect our users, as well as comply with regulatory requirements, we have implemented an emergency mode where all functionality is paused. This will disable swapping, adding liquidity, collecting fees etc.
- To avoid a situation where our users are unable to retrieve their liquidity, we have implemented an Escape Hatch which allows VioletID holders to be able to exclusively remove their liquidity from Mauve without having to request an authorization from Violet’s backend.
- This means that valid VioletID holders can withdraw funds at any time, either through requesting authorization from Violet in normal operating mode, or just by virtue of their VioletID status on-chain.
- Once we have deemed Mauve safe to use again, we will re-enable Mauve by disabling the emergency mode.