Qubit Finance Released Compensation Plan, Team Mound Gives Up All of Its Tokens to Compensate the Community
TokenInsight news, DeFi Protocol Qubit Finance released the first part of the compensation plan. Team Mound will give up all of its tokens to compensate the community. Team Mound is also assuming substantial debt in order to generate compensation for the community, with the goal of having an asset management team invest at least $10 million in the first loans to generate compensation returns, and will continue to make additional loans as soon as possible. Team Mound continues to work on further compensation mechanisms.
Mound Finance is an innovative financial technology company focused on developing blockchain-based financial platform services with a focus on DeFi and cross-chain capabilities, and its products include PancakeBunny, PolyBunny, and Qubit. Previously, QBridge's lending product Qubit was hacked on Jan. 28, losing $80 million.