Hourglass: The second phase of the Stable Pre-Deposit Vault has ended
Foresight News reported that Hourglass tweeted that the second phase of the Stable pre-deposit vault has ended. Over 10,000 verified wallets contributed more than 1.1 billions USD in deposits. The second phase allocation adopted a proportional structure based on qualified deposits, with a minimum guaranteed quota of 1,000 USD to ensure the rights of small participants are not diluted by large depositors. The first 1,000 USD of each qualified deposit is allocated at 100%, and the excess portion is allocated proportionally. Based on approximately 1.1 billions USD in qualified deposits and a deployment capacity of 500 millions USD, the final proportional allocation rate above the 1,000 USD minimum is about 45%, with the remaining 55% to be refunded. Refunds for the unallocated portion will be issued early next week. Users marked as ineligible can continue to withdraw at any time.
The official team implemented identity verification, Chainalysis wallet screening, and comprehensive analysis of submission behavior and metadata. Some applications showed high Sybil indicators, and additional checks have been initiated to maintain fairness. Applications that did not meet the standards have been excluded.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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