Ostium plans to compensate affected liquidity providers from its own balance sheet
Odaily Odaily Planet Daily News Ostium, a RWA trading platform on Arbitrum, stated that the team is working hard to restart the platform this week. Currently, auditors, third-party cybersecurity experts, and the engineering team are conducting final checks.
Ostium stated that after trading resumes, open positions will be marked to market at the real-time market price 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 upon resumption, it will be liquidated. Pending orders will remain unchanged.
For affected liquidity providers, Ostium Labs stated that it is formulating a recovery plan. It plans to allocate funds from its own balance sheet and compensate them in collaboration with new and old partners. The specific plan will be announced later.
