Ah, the splendid world of decentralized finance! A place where dreams are built on code and a single mishap can transform fortunes into mere whispers of lost coins. It is in this delightful chaos that the Sui-based DeFi platform, Nemo protocol, has stepped forth, almost heroically, to announce their latest initiative: a compensation plan, quite the oxymoron, for those unfortunate souls reeling from a recent $2.4 million hack-though who needs Enid Blyton when we have real-life drama?
Nemo Protocol Launches Debt Token NEOM
Ah, dear readers, in a blog post-yes, the digital equivalent of a town crier on a Sunday-Nemo, in all its innovative glory, explained that a debt token strategy was preferable to actual cash because, lo and behold, they had a bit of a liquidity problem! But worry not! They assure us that every user shall cavalierly receive NEOM tokens equal to their fated losses, as if merely dressing the wounds with a shiny new band-aid will suffice!
They gallantly declared, “Our goal is to make every user whole by issuing a debt token equal to their loss in USD, with the understanding that its value may fluctuate more wildly than a ballerina on a stormy sea, depending on market conditions and the fickle winds of fund recovery.” How delightfully optimistic! 🌊
In addition to this theatrical revelation, Nemo also promised high transparency and fairness in their operations, assuring us all that calculations of the $2.4 million loss, token distributions, and the interesting use of funds would be as lucid as a fine glass of vodka-the kind that makes you ponder the meaning of life. 🥃
Three Path Recovery for Compensation
As if straight out of a convoluted plot twist, they introduced a three-path recovery method for users to reclaim their lost treasures. To wit:
- Migration: The intrepid users may, with one click, waltz their remaining assets from chaotic pools into the safe embrace of new, secure contracts. Bravo!
- Compensation: Our diligent souls will receive $NEOM tokens to match their losses, frozen in time like ancient statues based on a snapshot, as if we live in a museum of lost potential.
- Restoration: Now, here’s the kicker! Users may choose to sell their NEOM tokens instantly-or sit tight, like a cat waiting for a mouse, while they gaze into the uncertain future of fund recovery. 🐱
Also, allow me to draw your attention to the fact that one solitary $NEOM will be minted for every $1.00 of verified loss, as if that will magically make everything better! The company promises-oh, the irony!-to uphold complete transparency, complete with a dedicated website tracking the NEOM burn progress. “Look, ordinary folk of the crypto realm! Watch as things may occasionally improve!” they seem to shout.
But wait, there’s more! Nemo has grand plans to ensure that a 100% deposit of any recovered funds finds itself ensconced in a new, multi-party managed “Redemption Pool.” It’s a delightful little pot where NEOM holders can claim their share, based on how much they hold-because nothing says fairer than a lottery for the fortunate! 🎰
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2025-09-15 12:40