PANews reported on June 8 that according to the official announcement, Cetus Protocol will be back online at 11:00 (UTC+8) on June 8, 2025, and all users will be able to use all the functions of Cetus, including redemption, management of LP positions, addition/removal of liquidity, collection of fees and rewards, etc. Liquidity will be supplemented mainly through three channels:
- Assets recovered from the attacker: These assets were returned after a successful on-chain vote by the Sui validator.
- Cetus Team Funding: Cetus has committed 100% of its available cash reserves (approximately $7 million in mainstream assets) to cover the liquidity gap.
- Sui Foundation’s special loan: A $30 million USDC loan has been applied for to support recovery.
If the user's LP holdings are from the affected pools, the liquidity recovery rate for each pool is between 85% and 99%, depending on the extent of the attack on each pool. Due to asset restrictions, it is not possible to immediately restore 100% liquidity to all affected pools. The team will use CETUS tokens to compensate for liquidity losses, and 15% of the CETUS supply will be allocated to the compensation contract (including the team's remaining unvested tokens, accounting for 10% of the total supply). 5% of them will be available immediately upon restart, and the remaining 10% will be unlocked linearly every month over the next 12 months (the same as the previous team's vesting schedule). The official promise is not to issue additional tokens and will slightly adjust the release plan. If there is any asset recovery in the future, it will be used to continue to compensate users or repurchase CETUS.
