According to Foresight News, Degen, a project under Base ecosystem, has announced that it is formulating a plan to compensate wallets that lost funds due to a previous Degen Chain downtime. The details of the compensation plan are yet to be released. The initiative is seen as a move to restore trust and confidence among its users after the unfortunate incident. The downtime had resulted in the loss of funds, causing distress among the wallet holders. Degen is now taking steps to rectify the situation and ensure such incidents do not recur in the future.