GM everyone!

It's been a challenging couple of weeks, but the good news is that a plan and process for compensation is here. Everyone's patience and support up until now is much appreciated 🙏

Please make sure to check out the full Medium post linked in the tweet below, but a few key points here:

- Remediation for affected assets will happen in 2 phases
- Phase 1 includes individual LPs that have LP-ed or staked in farms on Raydium directly.
- Claims for Phase 1 are set to start tomorrow, Jan 5, 12:00 UTC and will be available for 2 months until March 5.

Following the recent proposal, and the vast majority of affected assets have been obtained to enable...

1 - LPs in affected RAY pools to be made 100% whole in native assets
2 - LPs in other Phase 1 pools can claim 90% native assets, with the remaining 10% of lost asset value compensated in RAY plus an additional 20% RAY. So for each $1 of original principle assets not covered, the user would receive $1.20 worth of RAY.

Note that the RAY allocated to cover the loss to original principle assets in #1 above, and for additional compensation in #2, all comes from Raydium vested team token allocation

Be sure to check out the medium post for full details.

More to come as Raydium continues to strive towards making things right for you Raydiators. Thanks again for all of the support up to now!

https://twitter.com/RaydiumProtocol/status/1610714962095407106?s=20