ME News reported on July 21 (UTC+8) that Ostium, an RWA trading platform on Arbitrum, announced that its team is working to relaunch the platform this week, with auditors, third-party cybersecurity experts, and the engineering team conducting final checks. Ostium stated that upon trading resumption, open positions will be repriced based on real-time market prices at the time of recovery and will not be liquidated due to price fluctuations during the suspension; however, if a position falls below the liquidation threshold at resumption, it will be liquidated. All open orders will remain unchanged. Regarding affected liquidity providers, Ostium Labs said it is developing a recovery plan, which will involve compensation funded from its own balance sheet in collaboration with both new and existing partners; details will be announced later. (Source: ODAILY)
Ostium to Compensate Affected Liquidity Providers from Its Balance Sheet
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Summary
Ostium, an RWA trading platform on Arbitrum, announced on July 21 (UTC+8) that it is preparing to resume operations this week, with auditors and security experts conducting final checks. Positions will be marked to market upon resumption, but will not be liquidated due to price fluctuations during the pause. All orders remain unchanged. Ostium Labs is developing a recovery plan to compensate liquidity providers using its balance sheet and support from new partners; details will be shared later. Liquidity providers are advised to monitor altcoins for potential market shifts.
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