Ostium has outlined a second-stage proposal for liquidity providers affected by its hack, combining a pro-rata claim on recovered funds with a share of the platform’s opening fees. Under the plan, holders would receive access to half of Ostium’s opening fees and could also opt into an equity allocation priced at the company’s next funding round. The exact percentages have not been set. Holders have until Oct. 30 to make their election. The proposal frames equity as an optional component rather than a mandatory replacement for the recovery structure tied to recovered funds and fees.
Ostium has put forward a Stage 2 proposal for liquidity providers affected by its hack, offering a pro-rata claim on recovered funds together with half of Ostium’s opening fees.
Optional equity component included
Under the proposal, holders would also have the option to take an equity allocation priced at the company’s next round.
The percentages have not yet been set, and holders have until Oct. 30 to elect whether to participate in that equity allocation.
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