Drift Foundation

We've read your replies. Here are answers to the main questions. DFX is not pegged to 1 USDT. You receive 1 DFX for every 1 USDT of verified loss, and what you receive when you redeem depends on the Recovery Pool Balance at that time. The Recovery Pool covers around 1% of total

DFX Claims and Redemptions are now live. If you had a verified loss from the 1 April incident, you can claim 1 DFX for every 1 USDT lost. Claim: dfx.drift.trade How it works: drift.trade/updates/dfx-cl… The claim window closes at

Drift Recovery Update An update on the ~$295.4M taken from Drift users on 1 April, and where recovery efforts stand. Drift Foundation will continue pursuing efforts to track, trace, and recover stolen funds. Recovered funds, whether they come back through a freeze, bounty, or

Vote for DIP-10: Treatment of Remaining Asset in Borrow Lend is currently live.

New Discussion: Treatment of Remaining Assets in Borrow/Lend The new discussion covers: • Converting remaining borrow/lend spot assets into USDT for the recovery pool • Settlement methodology and treatment of user balances post-incident • Improving transparency, reporting,