Drift Protocol Coin Profile: Background and Use Cases

Drift Foundation: DFX is not anchored to 1 USDT, and the current recovery pool only covers about 1% of claims

Drift Foundation responds to community concerns: DFX is not anchored to USDT, and the redemption value depends on the Recovery Pool balance

Victims of the Drift hacking incident initiated redemptions, and the $3.11 million recovery pool could only redeem about 1 cent/USD.

The first batch of redemption rate is about 1% of the loss, and Velocity is open to apply for compensation for the theft incident in April.

Drift is open to claim compensation for theft, and the first payment rate is approximately 1% of the loss.

The Drift compensation plan has caused dissatisfaction among the community. Currently, only about 1 USD can be redeemed for every 100 USD lost.

After two months of inactivity, the Drift Protocol attacker deposited 25,700 ETH into Tornado Cash.

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