🚨 Nemo Protocol Compensation Update 🚨
Nemo Protocol (Sui-based DeFi) lost $2.6M in a Sept 7 exploit.
To repay victims, they’re launching NEOM debt tokens equal to users’ losses (USD terms).
Users can:
👉 Exit via an AMM pool (NEOM/USDC)
👉 Or hold NEOM and wait for recovery funds.
Recovery pool will include:
🔹 Recovered exploit funds
🔹 Liquidity loans + investments
A tracking site will show NEOM burn + progress for full transparency.
⚡ Nemo says the goal is to fully repay principal losses over time.
#NemoProtocol #defi #SUİ #exploit
Nemo Protocol (Sui-based DeFi) lost $2.6M in a Sept 7 exploit.
To repay victims, they’re launching NEOM debt tokens equal to users’ losses (USD terms).
Users can:
👉 Exit via an AMM pool (NEOM/USDC)
👉 Or hold NEOM and wait for recovery funds.
Recovery pool will include:
🔹 Recovered exploit funds
🔹 Liquidity loans + investments
A tracking site will show NEOM burn + progress for full transparency.
⚡ Nemo says the goal is to fully repay principal losses over time.
#NemoProtocol #defi #SUİ #exploit