Nemo Protocol: It is planned to issue NEOM debt tokens to repay users for losses, without compensating in dollars
2025-09-15 03:05:40
The previously hacked Sui body DeFi protocol Nemo Protocol released user asset recovery and NEOM debt token plan V1.0, which disclosed that it will not use US dollars to repay all losses, but issue US dollar debt tokens equivalent to the amount of user losses. Ultimately, all users will receive 100% principal compensation to make up for the losses caused by previous security incidents. NEOM debt tokens are a 1:1 dollar-denominated token. The loss calculation will be strictly based on the complete chain asset snapshot when the protocol is suspended to ensure justice and fairness.
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