According to TechFlow, Solana Blinks ecosystem meme project SEND announced that the Alpha Vault has been successfully completed with total deposits exceeding 720,000 SOL.

The token will be launched at 0:20 on July 15th, when users can withdraw unused SOL from MeteoraAlpha Vaults, as the upper limit of the Vault is 999 SOL. Users can view the specific amount of unused SOL in the Meteora UI.

For example: If a user deposits 1000 SOL, and the final TVL of the Vault is 500,000 SOL, and the Vault cap is 1000 SOL, then only 1/500 of the user's deposit will be used to purchase tokens. Therefore, 2 SOL will be used for token distribution, and 998 SOL of the user's 1000 SOL deposit will be unused and returned to the user.