A bug in the bOSMO contract has left the asset with little effective backing and prompted a compensation plan for holders, according to TheDefiant. The contract still allows bOSMO to be minted at low cost, a condition that continues to put affected liquidity pools at risk. The reported remediation plan does not cover everyone in the market: bOSMO purchased after the snapshot will not be eligible for compensation. TheDefiant’s article summary indicates the issue remains active at the contract level, even as a holder reimbursement framework has been proposed. No additional details on the size of losses, the timing of the snapshot, or the mechanics of the compensation plan were provided in the available source text.
A bug in the bOSMO contract has left the token with little backing and triggered a compensation plan for holders, according to TheDefiant.
The contract still allows low-cost minting of bOSMO, leaving related liquidity pools exposed to risk.
The proposed compensation plan will not apply to bOSMO bought after the snapshot.
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