Sonne Finance Unveils Compensation Plan After $20M Exploit
Sonne Finance has announced a comprehensive plan to address the recent $20M exploit:
- Launch of SONNEv2 token with 1:10 exchange ratio for v1 holders
- Initial liquidity of 2.5M SONNE paired with ~$1M from veAERO/veVELO token sale
- 22.5M SONNEv2 reserved for exploit victims, to be distributed via OTC deal
- Enhanced security measures including new money markets, renewed timelock contracts, and integration of Hypernative
- 80% of revenue to stakers, 10% for security/marketing, 10% for salaries/growth
The team aims to compensate victims while rebuilding a stronger protocol.