Typus Finance: TLP compensation applications are now open, users can apply for cash distribution based on their loss amount

Foresight News reported that Sui ecosystem options DeFi project Typus Finance has announced that TLP compensation applications are now available for SUI, USDC, and xBTC. Users can apply for initial cash distribution on the Typus Perps page according to the v2 recovery plan levels: users with losses below $10,000 can receive 100% compensation; those with losses of $10,000 and above can receive 50% compensation, while those with losses of $100,000 and above can receive 30% compensation.

Previously, Foresight News reported that Typus Finance announced its TLP contract was attacked through an oracle vulnerability due to a lack of permission checks.