Mango Markets, a DeFi lending and trading platform based on the Solana blockchain, has recently submitted a compensation proposal for users affected by the recent hack of the platform to a vote.
DAO members will reportedly have 72 hours from the time the plan is posted on Discord to vote.
In the event that the proposal is approved, the victims of the hack will be able to count on a refund of the amount they had an hour before the incident (a total of $114 million).
The platform will use a snapshot taken on October 11 at 16:19 ET. Based on this, all borrowed funds will be calculated and profit and loss will be converted to US dollars.
Mango Markets will then check each token held in the treasury in order from lowest to highest and return the borrowed amounts in the designated order.
