Cosmos-based Lending Protocol Coslend to Compensate Users Affected in Exploit with $CLND

Cosmos-based lending protocol Coslend released a user loss report and a compensation plan for the protocol exploited incident on June 22nd. Currently, Coslend's underlying asset is worth around $41,751, and the asset will be airdropped to those users who have deposited and repaid after the borrowing and withdrawal functions of Coslend market were paused (block height 858,013). Coslend has recorded every user's loss, and will use $CLND tokens to cover the loss of all affected users . The details will be disclosed when $CLND goes live. Next, the team will relaunch Coslend market, launch $CLND and start liquidity mining program phase 1.