Stability DAO Recovery Update
Stability DAO Recovery Update
💰 Recovery tokens distributed
Stability DAO provides recovery update following Credix exposure incident in MetaVaults affecting $7.3M across multiple tokens.
Recovery Progress:
- Recovery tokens distributed ✓
- Recovery pools created ✓
- Large pool distributions completed
- Small pools still pending
Key Details:
- 1:1 recovery token ratio for affected MetaVault tokens
- Only balances >$50 qualified for recovery tokens
- Small balances already compensated
- Automatic buybacks enabled within one week
Next Steps:
- Direct compensation begins when pools reach 1:1 price
- Users must verify addresses in documentation
- Check REC* token balances on Shadow
Missing from lists? Create Discord ticket with: address :: protocol :: vault :: amount :: tx hash
Stability DAO commits 20% of platform income to compensation fund until full repayment achieved.
Recovery Update after Accident 1/ Following the incident with Credix exposure in MetaVaults, we’ve prepared detailed recovery terms. Full doc here: stabilitydao.gitbook.io/stability/risk…
StabilityDAO Raises xSTBL Exit Fee from 50% to 80%
**StabilityDAO** has implemented **SIP-1**, increasing the instant exit fee for xSTBL tokens from **50% to 80%**. **Key Changes:** - Parameter: xSTBL instant exit fee - Old value: 50% - New value: 80% **Strategic Goals:** - Reduce instant exits from the protocol - Increase PvP rewards for remaining participants - Better position xSTBL as an incentive mechanism The proposal passed through governance and aims to **strengthen the protocol's tokenomics** by discouraging quick exits while rewarding long-term participants. [View full proposal](https://snapshot.box/#/s:stabilitydao.eth/proposal/0x75548f5ec7919b5f21a7027f420907366068574438c0c9fd57359188bb0f9d5e)
🏛️ Stability DAO Launches
**Stability DAO** has officially launched with a governance model based on staking mechanics. **Key Features:** - 1 STBL_DAO token = 1 staked xSTBL (minimum 4,000 voting power required) - **Revenue distribution**: 80% to xSTBL stakers, 20% to recovery system - Governance via snapshot proposals for protocol management - Cross-chain voting power distribution for MetaVault allocations The DAO enables decentralized governance over the protocol's development and tokenomics through incentivized voting mechanisms. [Learn more](https://stabilitydao.gitbook.io/stability/stability-dao/governance) | [Vote on Snapshot](https://snapshot.box/#/s:stabilitydao.eth)
Stability Farm Season 1 Silo Points Claim Now Live
**Season 1 Silo Points claiming is now active** on Stability Farm's platform. Users can access their **wS claims through the Leaderboard section** at [stability.farm/leaderboard](https://stability.farm/leaderboard). This follows the platform's recent launch of leveraged farming opportunities, including: - **17x leverage capabilities** - Sonic AP multiplier at **x139.2** - Leveraged Silo Points multiplier at **x25.6** **Action required:** Visit the leaderboard to claim your Season 1 rewards.
Stability Metavaults Exploit Update: Funds Recoverable via Credix
Stability has confirmed their Metavaults were impacted by an exploit at Credix, not due to any vulnerability in Stability's own smart contracts. Key points: - Main platform remains secure and operational - Credix team confirms affected funds are recoverable - Recovery process actively underway - Regular updates promised via social channels *The rest of Stability's infrastructure continues to function normally while the team works with Credix on fund recovery.*