Qubit Finance has released a compensation plan in which the Mound team will give up all of its tokens to compensate the community

On Feb. 9, Qubit Finance, a centralised lending project, released the first part of a compensation plan in which the Mound team will give up all of its tokens to compensate the community. The Mound team has also taken on substantial debt in order to provide compensation to the community, with the goal of having an asset management team invest at least $10 million in the first tranche of loans to generate compensation returns, and will continue to provide additional loans as soon as possible. The Mound team continues to work on further compensation mechanisms. Mound Finance is an innovative fintech company focused on developing blockchain-based financial platform services with a focus on DeFi and cross-chain functionality, including PancakeBunny, PolyBunny and Qubit. Rhythmic previously reported that on January 28, the BSC ecological decentralized lending project QBridge's lending product Qubit was hacked, resulting in a loss of $80 million.