Hourglass: Stable Deposit Activity Will Reopen for 24 Hours

Foresight News reports that Hourglass tweeted, 'Due to the overwhelming demand for access to the Stable deposit vault, we are making the following adjustments to ensure all users can participate fairly and have sufficient time. Users can deposit through the Hourglass frontend or directly on-chain; the deposit function will reopen for 24 hours, with a maximum deposit limit of $1 million per wallet and a minimum deposit amount of $1,000. Funds can always be withdrawn at a 1:1 ratio before completing KYC verification. If users have successfully deposited previously, those deposits will still be included and considered eligible. Users will have 72 hours after the deposit window closes to submit their KYC information. If the total eligible deposits exceed $500 million, allocation will be conducted on a proportional basis. Final allocations (calculated in USDT) will be settled to the Stable mainnet no later than December 31.'