Nemo Protocol: Plans to issue NEOM debt tokens to compensate users for losses, without using USD for compensation.

GateNews

2025-09-15 03:05:31

Golden Finance reports that the Sui-based DeFi protocol Nemo Protocol, which was previously attacked by hackers, has launched a user asset recovery and NEOM debt token plan V1.0. It disclosed that it will not repay all losses in US dollars, but will issue debt tokens equivalent to the amount of user losses. This will ultimately allow all users to receive a 100% principal compensation to make up for the losses caused by the previous security incident. The NEOM debt token is a token priced at 1:1 in US dollars, and loss calculations will be strictly based on a complete on-chain asset snapshot at the time the protocol was suspended to ensure fairness.

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