$23.75 Million Loss: Ostium Announces Phase 2 Compensation Plan

Odaily News: Ostium has announced its Phase 2 compensation plan, applicable to OLP holders who suffered losses exceeding 1000 USDC and did not opt for expedited distribution. Category A will be repaid in USDC installments, funded by recovered and future recovered funds as well as protocol revenue, with protocol revenue primarily including 50% of opening fees; Category B allows losses to be converted into Ostium Labs equity, valued at the next funding round's valuation. The Phase 2 compensation portal will go live on October 30. Ostium was previously attacked in July, resulting in a loss of $23.75 million.