Hourglass: Stablecoin Staking Event Phase 2 Pauses New Deposits, Ensuring All User Funds' Safety

By: theblockbeats.news|2025/11/06 17:15:53

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BlockBeats News, November 7th, Hourglass posted a message stating, "After the start of Phase 2 of the Stable Deposit Event, the platform experienced an abnormally high volume of traffic, causing Hourglass's frontend RPC capacity to be fully utilized.

Due to overwhelming demand, Hourglass's institutional liquidity pool has temporarily paused new deposit operations. All user funds remain secure. Further updates will be announced shortly."

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