Nemo Protocol has introduced a debt token compensation plan to address losses from a recent $2.6 million exploit. The yield trading platform on Sui will issue NEOM tokens equivalent to users' dollar losses, as it lacks sufficient USD funds for direct compensation. The recovery plan includes a portal for users to migrate remaining pool value to a new contract, receiving NEOM tokens in return. Users can exit via an AMM pool or hold tokens for recovery. A liquidity pool on Sui's main DEX will aid user exits, with recovered funds deposited into a redemption pool for claims.
Nemo Protocol Launches Debt Token Plan for $2.6M Exploit Victims
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