Phase 2 of Stable Vault is complete: over 10,000 validating wallets contributed approximately $1.1 billion; allocations applied pro rata with a guaranteed minimum of $1K per wallet.
The deployment capacity is $500M, with the excess of $1K allocated at around 45% and ~55% refunded. Refunds are expected to be made early next week; users marked as invalid can still withdraw Capital at any time.
- Over 10,000 validator wallets contributed a total of ~$1.1 billion to Phase 2.
- Proportional allocation; each wallet is guaranteed a minimum of 1K USD 100% funded.
- With $500 million available, the excess is allocated ~45%, ~55% will be refunded.
Phase 2 Overview Results
Phase 2 has closed, recording over 10,000 verified wallets with a total valid deposit of approximately $1.1 billion and a deployment capacity of $500 million.
Since the total deposit far exceeds the deployment capacity, the organization allocates according to the principle of ensuring a small part is preserved first, then allocating the proportion to the remaining part to balance the interests among the contributors.
Detailed allocation mechanism
Each valid deposit is processed in two steps: the initial 1K USD is granted 100%; the excess over 1K is distributed proportionally to the total excess of all wallets.
This method prevents large senders from diluting the share of small senders, while ensuring fair distribution when deployment resources are limited; the resulting oversubscription is about 45% of the requested amount.
Refunds and withdrawal rights
Approximately 55% of the unallocated excess will be refunded to users; refunds are expected to take place early next week.
Accounts marked invalid retain the right to withdraw funds at any time following the platform's standard withdrawal process; users should check their wallet status for detailed instructions.
When will I receive my refund?
Refunds for the unallocated portion are expected to be made early next week; the specific timing depends on the platform's payment process.
How to differentiate between “valid” and “invalid” wallets?
“Valid” are typically wallets that meet the platform criteria; “invalid” are wallets that do not qualify — check the status in the UI for reasons and action.
Can I withdraw immediately if it is marked invalid?
Yes, wallets marked invalid can still withdraw funds at any time according to the platform's withdrawal process.
Can the $1K minimum change?
The $1K minimum is for Phase 2; future allocation rounds may have different conditions at the platform's discretion.
