PANews reported on November 18th that, according to an announcement from Hourglass, the second phase of the Stable pre-deposit program's excess refund is now open, and users can claim their USDC refunds through the Merkl platform. The first $1,000 will be fully received, with approximately 45% of any amount exceeding this amount included in the program, and the remaining 55% distributed as a refund. Currently, over $634 million USDC is available for withdrawal, with the remainder available after the program ends. Users need to connect their wallets to the Merkl dashboard to make the withdrawal.