TechFlow news, November 28 — According to CoinDesk, the Balancer DAO has begun discussing a plan to distribute approximately $8 million in recovered assets to affected liquidity providers.
The funds were swiftly rescued by white-hat hackers and internal teams following the attack. As outlined in a request for comments posted by DAO contributor Xeonus, the proposal includes structured payments to white-hat hackers and a user compensation mechanism based on pool holdings snapshots taken at the time of the attack.
In addition to the $8 million to be redistributed via the DAO, an additional $19.7 million in osETH and osGNO was recovered by the white-hat group StakeWise and will be handled separately. Furthermore, $4.1 million recovered through internal collaboration with Certora does not qualify for bounty rewards due to prior agreements.
Earlier reports indicated that the protocol was attacked on November 3, resulting in losses exceeding $110 million.
