In the second stage of the recovery process, the protocol will raise funds through an initial DEX offering (IDO), and these funds will be used to pay for audits and further development. At the same time that the IDO is occurring, users will be issued a “debt token” representing the remaining assets they are owed by the protocol. This debt token will grant them the right to USD Coin (USDC) profits generated by Cypher in the future, allowing the protocol’s losses from the exploit to eventually be paid back to users.
Continue Reading on Coin Telegraph
Source: Cryptocurrency - investing.com
