zkLend has announced a compensation plan. Deposits in the unaffected pools are expected to receive a full refund of funds. Deposits in the affected pools will receive a partial refund of funds. As well as claims positions in the zkLend recovery pool, it is expected that the withdrawal process will begin within 2 weeks after the review of the recovery claims portal. Repayments will be paid in full by the available liquidity in each unaffected pool. If there is a shortage in one unaffected pool (due to relatively high utilization), it will be replenished by the remaining liquidity in other unaffected pools to cover the shortage. All accumulated surpluses of the unaffected pools will be liquidated and prorated to each affected pool, and partial repayments will be prorated based on the remaining liquidity in each pool plus such redistribution (socialized) surpluses.
After team contributions, the total funding gap was reduced to approximately $9,013,101.72323417, zkLend said.
zkLend Announces Compensation Plan: Total Funding Gap Reduced to Approximately $9.013 million After Team Contributions
2025-02-20 06:34:53
Zklend announced compensation plan unaffected affected pool depositdesk3cryptocurrencydesktopCrypto News
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