TechFlow reports that SEND, a meme project in the Solana Blinks ecosystem, announced the successful conclusion of its Alpha Vault, with total deposits exceeding 720,000 SOL.
Tokens will go live on July 15 at 00:20. Users may then withdraw unused SOL from Meteora Alpha Vaults, as each Vault has a cap of 999 SOL. The exact amount of unused SOL can be viewed by users on the Meteora UI.
For example: If a user deposited 1,000 SOL, and the final TVL of the Vault was 500,000 SOL with a Vault cap of 1,000 SOL, only 1/500 of the user's deposit would be used to purchase tokens. Therefore, 2 SOL would be allocated toward token purchase, and 998 SOL of the user's 1,000 SOL deposit would remain unused and be returned to the user.
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