Hourglass: Phase Two of Stable Pre-Deposit Vault Concludes, Over $1.1 Billion Contributed by 10,000+ Verified Wallets

Hourglass tweeted that Phase Two of the Stable Pre-Deposit Vault has concluded. Over 10,000 verified wallets contributed more than $1.1 billion in eligible deposits. The allocation of funds in Phase Two was conducted proportionally based on eligible deposits, with a guaranteed minimum allocation of $1,000 to prevent small participants' funds from being diluted by larger depositors. For each eligible deposit, the first $1,000 was allocated at 100%, while amounts exceeding $1,000 were distributed proportionally. Based on approximately $1.1 billion in eligible deposits and $500 million in deployment capacity, the final allocation ratio for amounts exceeding the $1,000 minimum threshold was approximately 45%, with the remaining 55% refunded. Refunds for unallocated portions will be issued early next week. Users flagged as ineligible can continue withdrawing funds at any time.