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…
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.*
Native USDC Launches on Sonic with CCTP V2 Integration
Circle has launched native USDC support on Sonic, marking the stablecoin's expansion to its 20th blockchain network. Key features include: - Automatic upgrade of bridged USDC to native USDC - Direct 1:1 USD/USDC minting for Circle Mint customers - CCTP V2 integration enabling rapid cross-chain transfers with smart contract hooks Major partners at launch include Aave, Binance, and Redot Pay. The integration brings institutional-grade stablecoin infrastructure to Sonic's ecosystem, enhancing DeFi capabilities and cross-chain liquidity. [Learn more about multi-chain USDC](http://circle.com/multi-chain-usdc/sonic)
Stability DAO Launches New Vault with Enhanced Leverage and Rewards
Stability DAO has launched a new vault on Sonic featuring significant leverage and reward opportunities: - Leverage capability up to 7.2x - Enhanced stability GEMS leveraged rewards - Silo Points multiplier of 10x points per dollar/day - PT Maturity Date set for August 14, 2025 This launch follows a major collaboration between Pendle Finance, Silo Finance, and Stability DAO, enabling PT (Principal Token) integration with Silo markets and Stability vaults. [Access the new vault here](https://stability.farm/vaults/vault/146/0x6bd40759e38ed47ef360a8618ac8fe6d3b2ea959)