Hourglass opens excess refund claims for Stable pre-deposit phase two, affecting deposits from over 24,000 wallets that passed the $1.74 billion initial screening threshold.
Hourglass announced via X that refunds for excess deposits in phase two of its Stable pre-deposit campaign are now open through Merkl. The policy guarantees each deposit’s first $1,000 in full, with amounts above that split 45% allocated and 55% refunded. Over 24,000 wallets, totaling $1.74 billion, passed initial screening, surpassing the earlier reported $1.1 billion. This adjustment finalizes distribution and refund processes for participants in the record-breaking deposit initiative.