Ostium plans to compensate affected liquidity providers from its own balance sheet

Odaily Planet Daily News: Ostium, a RWA trading platform on Arbitrum, stated that the team is working to restart the platform this week. Auditors, third-party cybersecurity experts, and the engineering team are currently conducting final checks.

Ostium indicated that after trading resumes, open positions will be re-marked based on real-time market prices at the time of resumption and will not be liquidated due to price fluctuations during the suspension. If a position is already below the liquidation threshold at the time of resumption, it will be liquidated. Pending orders will remain unchanged.

Regarding the affected liquidity providers, Ostium Labs stated that it is formulating a recovery plan, intending to allocate funds from its own balance sheet and collaborate with new and existing partners for compensation. The specific plan will be announced later.