ZkLend Announces Compensation Plan for Affected Deposits

According to PANews, zkLend has unveiled a compensation plan for its depositors. Deposits in unaffected pools are expected to receive full refunds, while those in affected pools will receive partial refunds along with claims on zkLend's recovery pool. The withdrawal process is anticipated to commence two weeks after the review of the claims portal. Repayments will be fully covered by the available liquidity in each unaffected pool. In cases where an unaffected pool faces a shortfall due to high utilization, the remaining liquidity from other unaffected pools will be used to cover the deficit. All accumulated surpluses from unaffected pools will be liquidated and proportionally distributed to each affected pool. Partial repayments will be based on the remaining liquidity in each pool, supplemented by the redistributed surplus. Following contributions from the team, zkLend has reduced the total funding gap to approximately $9,013,101.72.