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.
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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.
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