Qubit Finance Released Compensation Plan, Team Mound Gives Up All of Its Tokens to Compensate the Community

TokenInsight news, DeFi Protocol Qubit Finance released the first part of the compensation plan. Team Mound will give up all of its tokens to compensate the community. Team Mound is also assuming substantial debt in order to generate compensation for the community, with the goal of having an asset management team invest at least $10 million in the first loans to generate compensation returns, and will continue to make additional loans as soon as possible. Team Mound continues to work on further compensation mechanisms. Mound Finance is an innovative financial technology company focused on developing blockchain-based financial platform services with a focus on DeFi and cross-chain capabilities, and its products include PancakeBunny, PolyBunny, and Qubit. Previously, QBridge's lending product Qubit was hacked on Jan. 28, losing $80 million.
Source

DeFi

Related News
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Cardano shifts to decentralized governance as Chang hard fork goes live Cardano shifts to decentralized governance as Chang hard fork goes live
Latest News More More
2 Days Ago Eliza Labs unveils auto.fun, a no-code AI agent launchpad with 'fairer than fair' token model
2 Days Ago Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
2 Days Ago Base scrutinized over promotion of token that briefly crashed 95%; says part of 'contentcoin' vision
4 Days Ago Layer 1 MANTRA's token falls 90% in sudden crash; team blames 'reckless liquidations'
4 Days Ago Canada to launch spot Solana ETFs this week: report
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open