Solflare Pledges $160M to Cover Staking Rewards
Solana wallet Solflare has committed to covering missed rewards on $160 million in staked assets following a validator outage.
Solana wallet Solflare has announced it will cover missed rewards for users affected by a validator outage involving $160 million in staked assets, according to CoinDesk.
The incident left delegators unable to collect expected yields until the technical issues were resolved. Solflare stepped in to compensate the impacted users directly to maintain user trust and platform reliability within the ecosystem.
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Key facts
- Solflare pledged to pay missed rewards on $160 million in staked assets
- The action follows a validator going offline in the Solana network
- The compensation targets users who missed out on yields during the outage
Source: news.google.com
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