Hourglass: Stable deposit event will reopen for another 24 hours
Foresight News reported that Hourglass tweeted, "Due to excessive access to the Stable pre-deposit vault, we are making the following adjustments to ensure all users can participate fairly and have sufficient time. Users can deposit through the Hourglass frontend or directly on-chain; the deposit function will reopen for 24 hours, with a maximum deposit of $1 million per wallet and a minimum deposit of $1,000 remaining unchanged.
Before completing KYC verification, funds can always be withdrawn at a 1:1 ratio; if users have previously made successful deposits, those deposits are still included and will be considered eligible; users have 72 hours after the deposit window closes to submit KYC information; if the total eligible deposits exceed $500 million, allocation will be made on a pro-rata basis. The final allocation (denominated in USDT) will be settled to the Stable mainnet no later than December 31."
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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