Hourglass Completes Refunds for Stage 2 Stable Deposit Misoperations

Hourglass confirms full USDC refunds with no fee deductions for all misdirected contract transfers and specific function errors in Stable’s second deposit phase.

USDC

Summary

Hourglass officially announced the completion of refunds for accidental transactions in Stable’s second deposit phase. USDC sent directly to the contract or through certain functions was fully returned to the originating wallets, with no deductions for project fees.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used for blockchain transactions and payments.
  • Stable pre-deposit plan: A program encouraging early deposits of stablecoins under defined conditions, often with rewards or incentives.
  • Wallet: A digital tool used to store, send, and receive cryptocurrencies securely.