Dear Mole Community Members,
Since the Cetus incident, the entire community has endured a challenging period. Mole's business model was inherently linked to Cetus, and its operations were significantly impacted by the incident. We are grateful that Sui chain and our ecological partners swiftly addressed the issue and proposed a compensation framework. Building upon Cetus' compensation plan, Mole's team has implemented extensive upgrades to enhance our service capabilities for users.
As you may know, Mole's core services include savings and leveraged yield farming. Both of which serve our most dedicated users. We acknowledge that farming activities, due to high leverage, entail greater risk than savings.
However, the Cetus incident was not purely a market-driven event, so it should not place full loss on farming users. Imposing full liability would have resulted in mass liquidations for farmers under high leverage, which we deem inequitable.
So, A balance should be made between savings & farmings.
Each saving vault will be processed as follows, aligned with Cetus' prior compensation schedule:
| Savings vaults | Assets ratio |
|---|---|
| SUI | 86.32011% |
| USDC | 85.89284% |
| BUCK | 85.83643% |
| wUSDC | 87.36344% |
| wUSDT | 86.74244% |
| WETH | 96.46547% |
| haSUI | 92.14015% |
| SCA | 98.66097% |
| suiUSDT | 89.76667% |
| FDUSD | 88.77545% |
| USDY | 85.82622% |
| NAVX | 100.00000% |
| CETUS | 100.00000% |
| wBTC | 100.00000% |
Affected Amounts:
Damaged funds will be compensated with 15% CETUS tokens: 5% initially, and the remaining 10% released linearly over 12 phased .
Redemption Process: