**[Hourglass: Stable Phase 2 Deposit Activity Details, Limit Remains $1,000–$1 Million, Total Deposits Over $500 Million Will Be Allocated Proportionally, Complete KYC Within 72 Hours After Deposit]** Odaily Planet Daily reports that regarding various issues arising during the Stable Phase 2 deposit activity, Hourglass officials posted on Platform X: "The updated information for the second phase of the pre-deposit activity is as follows—due to the massive traffic in the Stable pre-deposit vault, we are making the following changes to ensure fair participation and sufficient time for all users. **Deposits:** • Users can deposit via the Hourglass frontend or directly on-chain (for security reasons, the frontend is recommended). • Deposits will reopen for 24 hours starting from this tweet, with a maximum of $1 million per wallet; the minimum remains $1,000. • Funds can be withdrawn 1:1 at any time before completing the KYC phase. Non-KYC users can withdraw at any time. • If you successfully deposited previously, your deposit is still included and will be considered eligible. **Eligibility and KYC:** • After the deposit window closes, users will have 72 hours to submit KYC. • Once KYC verification is completed, all eligible deposits will be transferred to custodians and then deposited into the corresponding storage partner platforms. • Eligible deposits will be proportionally distributed to our partner platforms, and any remaining amounts can be claimed via the withdrawal contract. **Allocation Model:** • If the total eligible deposits exceed $500 million, the allocation will be proportional. • Example: If the total eligible amount is $1 billion, each wallet will receive 0.5× of its deposit amount; the remaining portion can be claimed via the withdrawal contract. **Settlement:** • Final allocations (in USDT) will be settled to the Stable mainnet no later than December 31. **Contract Recovery:** • Depositors who mistakenly set the contract address as the share owner will be able to recover their USDC funds after the misallocated deposit funds are transferred to Anchorage custody via the Transfer To Treasury function. **Deposit Limit Reminder:** If the amount previously deposited by a user wallet exceeds $1 million, please withdraw the excess to ensure the total deposit does not exceed $1 million, maintaining eligibility under the revised participation limits. Users can withdraw funds via the contract at any time. Finally, Hourglass officials noted that many questions regarding KYC have been received—link generation has been temporarily paused while a new set of links is being prepared. This will be ready within the next 24 hours. Once the new KYC links are live, users will have 72 hours to complete the process."