PANews|Oct 09, 2026 14:41
[Ostium Announces Second-Phase Compensation Plan: Option for USDC Installments or Company Equity]
Ostium released an announcement detailing its second-phase compensation plan, applicable to OLP holders who suffered losses exceeding 1,000 USDC and did not opt for the expedited distribution.
Class A offers repayment in USDC installments, with funds sourced from recovered and future recoveries as well as protocol revenue (primarily 50% of opening fees).
Class B allows losses to be converted into Ostium Labs equity, calculated based on the valuation of the next funding round.
The second-phase portal will go live on October 30. Ostium previously suffered a $23.75 million loss in an attack this past July.
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