BALANCER OUTLINES REIMBURSEMENT PLAN FOLLOWING $128M EXPLOIT
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✍️ Balancer, a decentralized finance protocol, has outlined a plan to return millions of dollars in rescued assets to liquidity providers after a recent exploit.
👉 Proposal seeks to distribute around $8 million in funds 👉 Non-socialized approach: recovered funds will be distributed to liquidity providers of affected pools and networks 👉 Whitehat rescuers will receive a 10% bounty, capped at $1 million per operation 👉 Claiming mechanism will be developed requiring digital proof of consent to Balancer's terms and conditions
-- #Anon#1 #Polygon #Ethereum #Optimism #Arbitrum #technology
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