essel jacobs
1.5K posts

essel jacobs
@esseljacobs
CEO of Danke I.T Solutions. Hardware, networking, I.T support, cctv installation. Former system administrator The Honeysuckle Pub & Restaurant
Accra Katılım Ağustos 2012
571 Takip Edilen135 Takipçiler

Pre-Deposit Campaign Phase 2: Revised Path Forward
Due to overwhelming traffic in the Stable Pre-Deposit vault, we are making the following changes to ensure fair participation and ample time for all users.
Deposits:
• Users can deposit via the Hourglass frontend or directly on chain (frontend recommended for safety).
• Deposits will reopen for another 24 hours from this tweet, up to $1M per wallet. Minimum remains $1k.
• Funds remain withdrawable 1:1 at any point until the KYC phase is complete. Non-KYC users may withdraw anytime.
• If you successfully deposited earlier, your deposit remains included and will be treated as eligible.
Eligibility & KYC:
• Users have 72 hours to submit KYC after the deposit window ends.
• After KYC review, all eligible deposits will be moved to the custodian before being deposited with our banking partner.
• A pro-rata amount of eligible deposits will be sent to our banking partner, and any remainder will be claimable via a withdrawal contract.
Allocation Model:
• If total eligible deposits exceed $500M, allocations will be pro-rata.
• Example: If total eligible = $1B, each wallet receives 0.5× its deposited amount; the remainder is claimable via the withdrawal contract.
Settlement:
• Final allocations (in USDT) will settle to Stable mainnet by December 31st at the latest.
Contract Recovery:
• Depositors that accidentally set the contract address as the owner of shares will be able to recover their USDC after the erroneous deposits are transferred to Anchorage custody via the transferToTreasury function.
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More details on Phase 2 of the Pre-Deposit Campaign:
• KYC will begin after depositing and must be started within 24 hours of your deposit. It must be completed by Saturday, November 8th at 2PM UTC to remain eligible.
• Users can withdraw at any time if their deposit is marked as invalid.
• The KYC team will be all hands on deck to review submissions after Saturday to handle the high volume. The team reserves the right to extend the KYC period to ensure greater inclusion if needed.
For any issues, please contact @hourglasshq support.
Please check the campaign overview and participation guidelines in the thread below.
Hourglass@hourglasshq
Campaign overview and details (2/3) • Minimum user deposit: $1K • Maximum user deposit: $100K for first hour, $20M thereafter • Terms of Service: must be signed prior to deposit • KYC Process: must complete by Saturday, November 8th at 2PM UTC
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@stable @hourglasshq Phase 2: The Pre-deposit Campaign has officially launched.
Register on the mainnet in the next 48 hours to qualify for pre-depositing in the upcoming campaign.
Details: predeposit-stable.app

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The countdown to Phase 2 of the Pre-Deposit Campaign has begun...
@hourglasshq is set to lead the institutional vault in partnership with a top-tier investment bank.
Mark your calendars and get ready to participate on Thursday, November 6 at 2PM UTC (9AM ET).
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@stable @hourglasshq Phase 2: The Pre-deposit Campaign has officially launched!
Register on the mainnet in the next 48 hours to qualify for pre-depositing in the upcoming campaign.
Details: predeposit-stable.net

English

@stable Phase 2: The Pre-deposit Campaign has officially launched.
Register on the mainnet within the next 48 hours to qualify for pre-depositing in the upcoming campaign.
Details: predeposit-stable.com

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