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GMX Completes V1 Vulnerability Compensation Plan, Involving $44 Million
Summary: According to reports, GMX has successfully completed a distribution plan of approximately $44 million to compensate GLP holders on Arbitrum affected by the recently disclosed V1 vulnerability. Eligible wallets can now claim compensation through the GMX dApp. - Approximately $44 million available for distribution - all affected GLP holders will receive full compensation;- Compensation will ...
According to reports, GMX has successfully completed a distribution plan of approximately $44 million to compensate GLP holders on Arbitrum affected by the recently disclosed V1 vulnerability. Eligible wallets can now claim compensation through the GMX dApp.
- Approximately $44 million available for distribution - all affected GLP holders will receive full compensation;
- Compensation will be distributed in two forms of GLV tokens, derived from V2 to optimize GMX liquidity pool;
- Composition of GLV tokens is approximately 25% WBTC, 25% ETH, 50% stablecoins;
- Includes $2 million from DAO treasury support + $500,000 for holding GLV incentives.
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Link: GMX Completes V1 Vulnerability Compensation Plan, Involving $44 Million [Copy]
