According to Foresight News, Virtuals Protocol has announced the release of its Genesis update. With this update, all VIRTUAL refunds resulting from project failures or over-collateralization will accumulate in users' dashboards. Users can manually claim these refunds at their convenience.
The refund process has been revised to ensure that refunds are available for application but are not automatically sent. Additionally, refunds will accumulate without expiration, and point-based refunds will be processed automatically.