Hourglass: The second phase of the Stable Pre-deposit Vault has ended.

According to a report from 深潮 TechFlow on November 15, Hourglass tweeted that the second phase of the Stable reserve fund has ended. Over 10,000 verified Wallets contributed more than 1.1 billion dollars in deposits. The distribution for the second phase adopts a proportional structure based on qualified deposits, with a minimum protection limit of 1,000 dollars to ensure that the rights of small participants are not diluted by large depositors. The first 1,000 dollars of each qualified deposit is distributed at a 100% ratio, while the excess is distributed proportionally. Based on approximately 1.1 billion dollars in qualified deposits and 500 million dollars in deployment capacity, the final proportional distribution rate for amounts above the 1,000 dollars minimum limit is approximately 45%, with about 55% to be refunded. Refunds for the undistributed portion will be issued early next week. Users marked as ineligible can continue to withdraw at any time. The official process includes identification verification, Chainalysis Wallet screening, and a comprehensive analysis of submission behavior and Metadata. Some applications showed a high witch indicator, prompting additional checks to maintain fairness. Applications that did not meet the standards have been excluded.