zkLend has recently announced a compensation plan for its depositors, as reported by PANews. The plan states that deposits made in pools unaffected by the issue will be eligible for full refunds. On the other hand, depositors in affected pools will receive partial refunds, in addition to the opportunity to claim from zkLend’s recovery pool. The withdrawal procedure is scheduled to begin approximately two weeks after the assessment of claims through the designated portal.
Details of zkLend’s Compensation Plan
The compensation plan introduced by zkLend aims to address the concerns of depositors who have been impacted by the recent issues. Here’s what depositors can expect:
🔍 Review of Deposits
Depositors with funds in unaffected pools will receive full refunds, ensuring that their initial deposits are returned in full. This aspect of the plan aims to provide reassurance to users who have not been directly affected by the situation.
💸 Partial Refunds for Affected Pools
For depositors with funds in affected pools, zkLend will offer partial refunds. Additionally, these users will have the opportunity to claim from zkLend’s recovery pool, providing them with a chance to recover a portion of their affected deposits.
⏳ Withdrawal Process Timeline
The withdrawal process is expected to kick off within two weeks following the completion of the review of claims submitted through the designated portal. This timeline gives depositors a clear indication of when they can expect to access their refunds or make claims on the recovery pool.
Final Thoughts
zkLend’s compensation plan seeks to address the concerns of depositors affected by recent events, offering a structured approach to refunding deposits and providing opportunities for recovery. By outlining clear processes and timelines, zkLend aims to instill confidence in its users during this challenging period.
Join the Discussion
What are your thoughts on zkLend’s compensation plan? Do you believe it adequately addresses the needs of affected depositors? Share your opinions below!
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