Ostium details phase-two compensation after $23.8 million July 15 vault exploit

  • Ostium plans to offer eligible OLP holders cash recovery and Ostium Labs equity.
  • 2.7% of 23.8 million USDC drained from the vault has been recovered.
  • Eligible holders lost more than 1,000 USDC and declined the Convenience Allocation.

Ostium plans to compensate eligible Ostium Liquidity Pool (OLP) holders still carrying losses after a July 15 vault exploit drained 23.8 million USDC. The company has recovered 2.7% of the stolen funds and will offer a cash claim tied to recovered assets, trading-fee revenue and available partner incentives. Category A, the default option, pays USDC over time, while elective Category B converts part of a holder’s remaining loss into Ostium Labs equity at the next priced round, in the same share class as the team. The plan covers holders whose losses exceed 1,000 USDC and who did not accept the flat 1,000 USDC Convenience Allocation. The compensation portal is scheduled to open Oct. 30. DefiLlama data shows the protocol generated $29,000 in revenue over the past 30 days.

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