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Hourglass Ends Phase 2 of Stable Pre-Deposit Program, Withdrawals Now Available

Hourglass Ends Phase 2 of Stable Pre-Deposit Program, Withdrawals Now Available

Hourglass announced the conclusion of Phase 2 Stable pre-deposits, enabling users to claim deposits via Merkl or withdraw USDC directly from the app or smart contract.

USDC

Summary

Hourglass officially ended the second phase of its Stable pre-deposit program, stating that deposits are now claimable through Merkl. Users without approval can withdraw USDC directly from the Hourglass app or the underlying smart contract, providing immediate access to funds.

Terms & Concepts
  • Pre-deposit: Funds placed in advance to participate in a program or allocation; exact rules depend on the platform.
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the USD.