Odaily Planet Daily reports that in response to various issues arising during the second phase of the Stable deposit promotion, partner Hourglass issued a statement on the X platform stating: "The revised information for the second phase of the pre-deposit promotion is as follows—"

Due to the high volume of traffic to the Stable Pre-deposit Vault, we are making the following changes to ensure fair participation and sufficient time for all users.

deposit:

• Users can deposit funds through the Hourglass front end or directly on the blockchain (for security reasons, it is recommended to go through the front end).

• Deposits will reopen for another 24 hours starting from this tweet, with a maximum of $1 million per wallet; the minimum remains $1,000.

Funds can be withdrawn at any time on a 1:1 basis before the KYC process is completed. Non-KYC users can withdraw funds at any time.

• If you have previously made a successful deposit, your deposit will still be included and will be considered eligible.

Qualifications and KYC:

• After the deposit window closes, users have 72 hours to submit KYC (Know Your Customer) information.

• After KYC verification, all eligible deposits will be transferred to the custodian and then deposited into the corresponding storage partner platform.

• Eligible deposits will be sent proportionally to our partner platforms, and all remaining amounts can be withdrawn through the withdrawal agreement.

Allocation mode:

• If the total amount of eligible deposits exceeds US$500 million, the allocation will be made proportionally.

• Example: If the total eligible amount is $1 billion, each wallet will receive 0.5 times its deposit amount; the remainder can be withdrawn through the withdrawal agreement.

Settlement:

• The final distribution (in USDT) will be settled to the Stable mainnet no later than December 31.

Contract Restored:

• Depositors who mistakenly set their contract address as the share owner will be able to recover their USDC funds after the erroneous deposit funds are transferred to Anchorage custody via the Transfer To Treasury feature.

Top-up limit reminder:

If a user's wallet has previously deposited more than $1 million, please withdraw the excess amount so that the total deposit amount does not exceed $1 million, thus maintaining eligibility for the revised participation limit. Users can withdraw funds at any time via the contract.

Finally, Hourglass stated that they have received many questions about KYC—link generation has been temporarily paused while a new set of links is being generated. This will be ready within the next 24 hours. Once the new KYC links are online, users will have 72 hours to complete the process.