TLDR

While we would have preferred to reimburse everyone directly in USD, we do not have sufficient funds or capital raised to do so, which is why we adopted the debt token strategy as the most viable path forward.

Our goal is to make every user whole by issuing a debt token equal to their loss in USD, with the understanding that its value may change over time depending on market conditions and the progress of fund recovery.

I. Core Principles & Snapshot

• Compensation Commitment: Through this program, we will ultimately make all users 100% whole for the principal value of their losses from this security incident.
• Transparency & Fairness: All calculations of losses, token distributions, and use of funds will be conducted with the utmost transparency.
• On-Chain Snapshot: The calculation of losses will be strictly based on a full on-chain asset snapshot at the moment the protocol was paused, ensuring fairness and impartiality.

II. Three-Step Recovery Path

• Step 1 - Asset Claim & Migration: Through a one-click action, users can migrate the remaining residual value from the compromised pools to new, secure, multi-audited, and multi-party managed smart contracts, thereby restoring the usability of their assets.
• Step 2 - Value Compensation: Step 2: Value Compensation: On the migration page, users will receive $NEOM debt tokens at the same time as they claim the residual value. These tokens are pegged 1:1 to the user's loss amount determined by the snapshot. The is $NEOM a 1:1 USD-denominated token issued to compensate users impacted by a previously addressed incident.
• Step 3 - Value Restoration: Users can freely choose how to utilize their NEOM: opt for an immediate AMM exit or continue to hold while awaiting the recovery of hacked funds.

III. Liquidity Recovery and Compensation Module Features

This will be a dedicated, one-stop portal developed specifically for affected users.

• FR-1 (Eligibility & Loss Display):
  • After connecting their wallet, the page will automatically identify the user's positions in all affected pools (e.g., sUSDC, sbUSDT, sSUI).
  • It will clearly display the: Original Asset Value (at Snapshot), Residual Value, and Total Loss Amount.
• FR-2 (One-Click Residual Value Claim):
  • The page will provide a "Claim Residual Value" button.
  • With a single confirmation, the user can migrate all their LP/YT/PT residual value from all compromised pools into a new, secure contract pool co-managed by Auditors/Partners/NEMO, and claim the assets.
• FR-3 (NEOM Claim Module):
  • The page will display the amount of NEOM tokens the user is eligible to claim based on their Total Loss Amount ($1 loss = 1 NEOM).
  • Users can receive the debt token by clicking "Claim NEOM".

$NEOM Debt Tokenomics

NEOM (from Arabic, meaning "New Future") is the core of our commitment to rebuilding.

• Token Name: NEOM
• Token Symbol: $NEOM