Total STX lost = -$28m
16% ALEX reserves = $33m
USDC = $7m
RESTITUTION BREAKDOWN:
50% - Return of remaining non-STX funds
25% - Reimburse STX ($7m from USDC)
25% - Compensate with iouSTX ($21m from ALEX reserves)
Remaining $12m in reserves is used to provide liquidity to the protocol.
BENEFITS:
-Preservation of ALEX token value
-Users made 75% whole upfront
-Doesn’t require complex exchange rates
Please support the ongoing vote to address USDC(STX) reimbursement: [Choice 5 Details - Treasury Grant Program] - Adjust Compensation and Adding LP ratio | Ballot