News linked to both this project and an event.
Ostium has released an update on the design of its Phase II Loss Compensation Plan for Liquidity Providers (OLP). Designed for users with losses exceeding 1,000 USDC who did not select the Convenience Allocation, the plan offers two compensation mechanisms: Default Option A (USDC Installment Repayment): Funding sources include funds already recovered and those to be recovered in the future (distributed proportionally after deducting the Phase I portion), specific revenue shares from the Ostium protocol and Gateway income (initially set at 50% of Ostium's opening position fees), and potential partner incentives or revenue sharing. 2. Optional Option B (Ostium Labs Equity Conversion): Eligible users complying with securities regulations may, in the next priced funding round, convert a portion of their outstanding losses into Ostium Labs equity based on that round's valuation. The share class will align with that of the team, and a fully diluted cap is established for the total ownership percentage of participating users.
: Data and AI enterprise Databricks has announced it is advancing a strategic investment round at a valuation of $188 billion, led by Coatue, with both new and existing investors expected to participate. The company has signed the relevant term sheet and anticipates completing the investment process this summer.Databricks stated that the proceeds from the financing will be primarily used to strengthen its AI strategy and continue advancing core products and technologies such as Unity AI Gateway, Genie, and Lakebase. The company also plans to allocate a portion of the funds towards AI-related mergers and acquisitions, as well as R&D capability enhancement.