Ostium unveils phase-two payout plan after $23.75M exploit
- —Phase-two compensation covers OLP holders with losses above 1,000 USDC
- —Option A: USDC payouts from recovered funds and 50% of opening fees
- —Option B: losses converted into Ostium Labs equity at next-round valuation
- —The phase-two claims portal goes live on Oct. 30
Why it matters: The plan sets a precedent for post-exploit recovery in DeFi, using protocol revenue and equity instead of a one-off payout.
Source: PANews