PANews reported on November 15th that Hourglass tweeted that Phase 2 of the Stable Vault has concluded. Over 10,000 verified wallets contributed over $1.1 billion in eligible deposits. Phase 2 allocation was pro rata, based on eligible deposits, with a guaranteed minimum allocation of $1,000 to prevent dilution of funds from smaller participants by larger depositors. For each eligible deposit, the first $1,000 was allocated 100%; amounts exceeding $1,000 were allocated pro rata. Based on approximately $1.1 billion in eligible deposits and $500 million in deployment capacity, the final allocation for amounts exceeding the $1,000 minimum threshold is approximately 45%, with the remaining approximately 55% to be refunded. Refunds for the unallocated portion will be issued early next week. Users marked as ineligible can continue to withdraw funds at any time.PANews reported on November 15th that Hourglass tweeted that Phase 2 of the Stable Vault has concluded. Over 10,000 verified wallets contributed over $1.1 billion in eligible deposits. Phase 2 allocation was pro rata, based on eligible deposits, with a guaranteed minimum allocation of $1,000 to prevent dilution of funds from smaller participants by larger depositors. For each eligible deposit, the first $1,000 was allocated 100%; amounts exceeding $1,000 were allocated pro rata. Based on approximately $1.1 billion in eligible deposits and $500 million in deployment capacity, the final allocation for amounts exceeding the $1,000 minimum threshold is approximately 45%, with the remaining approximately 55% to be refunded. Refunds for the unallocated portion will be issued early next week. Users marked as ineligible can continue to withdraw funds at any time.
Hourglass: The second phase of the Stable pre-deposit vault has ended, with over 10,000 verified wallets contributing $1.1 billion in deposits.
PANews reported on November 15th that Hourglass tweeted that Phase 2 of the Stable Vault has concluded. Over 10,000 verified wallets contributed over $1.1 billion in eligible deposits. Phase 2 allocation was pro rata, based on eligible deposits, with a guaranteed minimum allocation of $1,000 to prevent dilution of funds from smaller participants by larger depositors. For each eligible deposit, the first $1,000 was allocated 100%; amounts exceeding $1,000 were allocated pro rata.
Based on approximately $1.1 billion in eligible deposits and $500 million in deployment capacity, the final allocation for amounts exceeding the $1,000 minimum threshold is approximately 45%, with the remaining approximately 55% to be refunded. Refunds for the unallocated portion will be issued early next week. Users marked as ineligible can continue to withdraw funds at any time.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Zcash vs Dash: Which Privacy Coin Looks Stronger As Markets React to Tariff Relief?
Zcash is breaking away as the clear trend leader while Dash struggles to shake off a brutal post-spike correction.
Share
Crypto Ticker2025/11/15 14:50
Crypto Fraud Sentences: Wolf Capital CEO Gets 5 Years, “Cryptoqueen” Jailed 11+ Years
Travis Ford, 36, CEO and co-founder of Wolf Capital Crypto Trading, has been sentenced to five years in prison after pleading guilty to running a $9.4 million crypto Ponzi scheme. A U.S. Department of Justice press release confirmed that Ford was also ordered to forfeit more than $1 million and pay $170,000 in restitution to […]
Share
Tronweekly2025/11/15 15:00
Vitalik: Staking means defending the blockchain, and there will inevitably be resistance when exiting
PANews reported on September 18th that in response to the discussion about the waiting time for staking, Ethereum co-founder Vitalik Buterin said: "Staking means taking on the solemn responsibility of defending the blockchain. Exit resistance is part of the protocol. This is not to say that the current staking queue design is optimal, but to say that if the relevant parameter settings are naively reduced, the credibility of the chain will be greatly reduced from the perspective of those nodes that are not often online." Data from the validatorqueue website shows that as of now, the number of ETH in the Ethereum PoS network exit queue is 2,496,141, with a waiting time of approximately 43 days and 8 hours. During the same period, the number of ETH waiting to be activated is 464,626, with an estimated activation delay of approximately 8 days and 2 hours.
Share
PANews2025/09/18 07:39