According to Foresight News , Hourglass tweeted that Phase 2 of the Stable Vault has ended. Over 10,000 verified wallets contributed over $1.1 billion in deposits. Phase 2 allocation used a pro-rata structure based on eligible deposits, with a minimum guaranteed amount of $1,000 to ensure that the equity of smaller participants was not diluted by larger depositors. The first $1,000 of each eligible deposit was allocated pro-rata, with any excess allocated pro-rata. Based on approximately $1.1 billion in eligible deposits and $500 million in deployment capacity, the final allocation rate for amounts above the $1,000 minimum was approximately 45%, with the remaining approximately 55% being refunded. Refunds for any unallocated portion will be issued early next week. Users marked as ineligible can continue to withdraw their funds at any time.
The official system includes identity verification, Chainalysis wallet screening, and comprehensive analysis of submission behavior and metadata. Some applications showed high Sybil indicators, and additional checks have been initiated to maintain fairness. Applications that did not meet the criteria have been removed.
