Odaily Planet Daily reports that Ostium has announced its second-phase compensation plan, applicable to OLP holders who suffered losses exceeding 1000 USDC and did not opt for the streamlined distribution. Class A will receive USDC in installments, funded by recovered and future recovered funds as well as protocol revenue, with protocol revenue initially including 50% of opening fees. Class B may convert their losses into equity in Ostium Labs, valued at the next funding round’s valuation. The second-phase compensation portal will launch on October 30. Ostium was previously attacked in July, resulting in losses of $23.75 million.
Ostium Announces Second-Stage Compensation Plan for $23.75M Hack Loss
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Summary
Ostium has unveiled a second-stage compensation plan for OLP holders affected by the $23.75 million crypto hack in July. Those who lost more than 1,000 USDC and opted out of the fast-track payout will be divided into two classes. Class A will receive USDC in installments from recovered funds, future returns, and protocol income. Class B may exchange their losses for equity in Ostium Labs, valued at the next funding round. The second-stage portal opens on October 30. The exchange hack impacted over $23 million in assets.
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