The second phase of the Stable pre-deposit event has raised over $650 million.

On November 6, according to on-chain data, after Stable launched the second phase of its pre-deposit campaign, more than $650 million has been raised so far. The second phase of the Stable pre-deposit campaign will accept up to $500 million in eligible deposits. Hourglass stated that deposits made directly via Etherscan or programmatically will not qualify for the Stable pre-deposit campaign. Such deposits can be withdrawn using the redeemNonKYC function on Etherscan. The minimum deposit window of $100,000 will be extended by at least one hour.