Stable Concludes Phase 2 of Pre-Deposit Program With Refund Options

Stable ends Phase 2 of its presave event, enabling eligible users to claim Merkl dashboard rewards and offering refund or withdrawal options for overflow and unapproved deposits.

USDC

Summary

Stable announced the closure of Phase 2 of its presave event as of Dec 31, allowing eligible participants to claim funds through the Merkl dashboard. Overflow refunds are available for qualifying users, while those not approved can withdraw USDC directly from either the Stable app or the linked smart contract. This official statement details both reward claiming and refund procedures for the event’s conclusion.

Terms & Concepts
  • Merkl dashboard: An interface used by Stable for participants to claim rewards in its presave event.
  • Smart Contract: Self-executing blockchain code that enforces the terms of an agreement without intermediaries.
  • USDC: A U.S. dollar-pegged stablecoin used in deposits and withdrawals in the program.