Hourglass has announced the completion of the second phase of its Stable Vault, with over 10,000 verified wallets submitting more than $1.1 billion in eligible deposits. The allocation mechanism for this round included a guaranteed $1,000 allocation per deposit, with any excess distributed proportionally. With $1.1 billion in eligible deposits and a $500 million deployable limit, the excess allocation rate was approximately 45%, while the remaining 55% will be refunded early next week.