Claim Portal
This portal can be used to claim asset compensation from the recent incident
Last updated
Was this helpful?
The claim portal will be deprecated from the UI on April 17, 2023. Please ensure any LP positions have claimed by that time. For full details see the Medium post
Background
Following the initial proposal for the remediation of funds for the December 16th exploit, assets were allocated to obtain the affected assets needed to compensate users.
The next step is to use the obtained assets to restore losses to users that had liquidity positions in affected pools at the time of the incident.
You can also read the full Medium article on the compensation plan for more details.
Claim Portal
The claim portal UI allows users with LP positions affected by the exploit to view details on their affected LP positions and claim assets as remediation for funds lost.
Timing
Phase 1 of distribution will be available via the Claim Portal from January 5, 12:00 UTC. The portal will remain open for 2 months until March 6th.
Phase 2-A, which includes users who held and maintained a position on Francium, will be available via the Claim Portal from January 20, 12:30 UTC. The portal will remain open for 2 months until March 21st.
EDIT: The Claim Portal has been extended for all LP positions until April 17, 2023. After this time, the Claim Portal will close and no longer be accessible on the UI.
How to claim assets if you have affected LP position(s):
Visit the Claim Portal (https://raydium.io/claim-portal) and connect your wallet. If you have assets to claim, a message will also be visible on the pools page.
2. After connecting your wallet, info is displayed for each pool where a user’s position was affected. For example if you had both SOL-USDC and RAY-USDC LP positions at the time of the exploit, these will be displayed separately.
3. 'Claimable' and 'Compensation' are the amounts of each token that you can claim for each pool. Simply click the 'Claim' button for a pool and you will claim all assets in one transaction.
Phase 1 and Phase 2-A Compensation details
Please see the full Medium article for full details on Phase 1 and Phase 2
Asset claims for liquidity providers (LPs) during the incident will be in three main categories:
1. For RAY-USDC, RAY-SOL, and RAY-USDT, liquidity providers will be able to claim 100% of the original principal lost to each individual position based on a snapshot of LP balances at the time of the exploit.
RAY used to cover original principal exposure is distributed from vested Raydium team token reserves.
2. For SOL-USDC, SOL-USDT, stSOL-USDC, ETH-USDC, UXP-USDC and ZBC-USDC, individual liquidity positions will be able to claim 90% of the original principal lost to each individual position based on a snapshot of LP balances at the time of the exploit.
3. For SOL-USDC, SOL-USDT, stSOL-USDC, ETH-USDC, UXP-USDC and ZBC-USDC, individual liquidity positions will also be able to claim the remaining 10% of lost asset value (at the time of the exploit) denominated in RAY. An additional 20% of the remaining lost asset value in RAY will be further added to the compensation. So, for every $1 of the original principal not covered in the native asset, $1.20 worth of RAY, or a ratio of 1:1.2, will be used for compensation.
Additional RAY compensation is distributed from vested Raydium team token reserves.