Ostatnia blacha makowca
441 posts



We may start seeing significant volume on $DRIFT soon. Rebuilding trust after the previous hack won’t be easy, but the project still has major backers behind it. According to the latest developments: - The Insurance Fund was not affected by the exploit, and depositors will be able to withdraw once the protocol goes live again - A recovery pool has been seeded with around $3.8M USDT and is expected to grow through quarterly exchange revenue, partner contributions, and up to $127.5M in support from Tether - Every affected wallet will receive Recovery Tokens (1 token = $1 verified loss) - A relaunch is planned in Q2 with a new program, rotated keys, and DAO governance votes - Multicoin, Polychain, Solana founders, and Tether are all still backing the project The trust rebuilding process will be difficult, but the recovery plan looks serious. Current market cap is around $20M. Futures volume in particular has increased sharply. At these lower levels, the combination of rising volume and recovery potential looks interesting.


Update: Insurance Fund depositors will be able to withdraw their Insurance Fund stake when the protocol goes live. Drift’s documentation and code demonstrates that the Insurance Fund exists to maintain protocol solvency in the event of bankruptcies. Given that the protocol was paused before losses resolved through the ordinary liquidation or bankruptcy paths, the Insurance Fund was and remains unaffected by the exploit. Users will be able to withdraw their Insurance Fund stake when the protocol goes live. Any protocol-owned Insurance Fund assets will be allocated to support a healthy relaunch for all users. Relevant program addresses will be publicly disclosed so the community can track how protocol-owned capital is deployed.






























