Chriskr
14 posts


Update on Insurance Fund:
Insurance Fund claims are now live.
Eligible IF depositors can now connect their wallet and claim here: dfx.drift.trade
Thank you for your patience.
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Today, Drift is rebranding to Velocity.
Our new name reflects the new and improved platform that we are building. Perpetual trading is a market where execution speed and directional precision determine outcomes. Velocity captures both, and signifies the momentum behind our relaunch.
The rebrand marks a deliberate line between what was and what comes next. Velocity is the exchange we have been building toward — a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for. The name carries that intent.
As Velocity continues building towards relaunch, we are also planning to release our private Beta to select partners and traders in the coming days. This is an important step towards ensuring Velocity is rebuilt into the most robust perps exchange on Solana.
We look forward to sharing more soon.
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@DriftFDN @DriftProtocol Why the people who's wallets are not affected need to suffer also? they should get their full funds back instead of being forced into a "recovery" program and use their funds to payback others.
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Read the full draft and join the discussion:
driftgov.discourse.group/t/dip-10-treat…
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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, and governance oversight around implementation and recovery processes
The objective is to support long-term protocol sustainability while improving transparency and governance standards following the April 1, 2026 incident.

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@wy___nx @DriftProtocol The DAO vote is just hand-washing. Spread the decision, spread the blame. They should be separating affected from unaffected wallets clearly before any vote happens.
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@Chrisseekr @DriftProtocol Agree. Imagine you invested in low risk product and then eventually you will be forced to be part of affected users. They also want the DAO to vote so they can clean their hands
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Clarification:
Users are able to redeem at any time after redemption opens; however, early redemption occurs at a discount to the full claim value as users receive a pro-rata share of the current pool. Holders who wait may benefit from a higher recovery price as the pool continues to grow.
Velocity@VelocityDEX
Redemption will open once the pool exceeds $5M. Redemption Price = Recovery Fund Value ÷ Outstanding Recovery Token Supply Users are able to redeem at any time; redeeming early means that a user forfeits their remaining claim. Holders who wait may benefit as the pool grows.
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@wy___nx @DriftProtocol Exactly. Unaffected wallets being lumped into the recovery program makes no sense. If the data confirms you weren't compromised, funds should be released in full. It's the fairest move and the easiest way to rebuild trust.
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The time has come...
Introducing Mango Inner Circle, my first, free, public channel on Cherry
Expect alpha and news across DeFi, RWA, stablecoins, consumer, and all things Solana. No slop.
> And we are giving away 5 sol to 50 winners:
• Join @mango" target="_blank" rel="nofollow noopener">chat.cherry.fun/@mango
• Tap airdrop & Сomplete the steps to join the raffle
See you inside 🫵

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Chriskr retweetledi

KushyProd just got social.
Add friends and stalk the feed to see who’s moving, grinding, and growing !
The game feels way more alive now 🌱
kushyprod.com
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Chriskr retweetledi

🚀 Seeker Game Boost!
Special rewards for @solanamobile users
All Seeker & Saga Genesis wallets can claim: Points, Energy, Mattle Keys, up to 500 $MATTLE, and PENGU Hero.
Drop your .skr wallet below and follow the steps 👇

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@nickshirleyy @elonmusk ⛓️🪚 learing center daycare fraud
They can't even spell right 😂⛓️🪚
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🚨 Here is the full 42 minutes of my crew and I exposing Minnesota fraud, this might be my most important work yet. We uncovered over $110,000,000 in ONE day. Like it and share it around like wildfire! Its time to hold these corrupt politicians and fraudsters accountable
We ALL work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped.
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