Raydium's Bug Compensation Proposal Passes Vote With 100% Support
January 4th, 2023

According to official news, the Solana ecological decentralized exchange Raydium’s bug compensation proposal was voted through with 100% support. The proposal aims to compensate investors who were damaged by the December 15 hacker attack.

The compensation funds come from two parts, namely 1. Use Squad's multi-signature to deploy withdrawPNL and collect PNL from the treasury. The fees earned will be used to repurchase RAY and deposit it into the designated address. 2. Use treasury assets to compensate for losses caused by hacker attacks.

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