Velocity, the Solana-based perpetual futures exchange formerly known as Drift, has opened compensation claims tied to its April exploit. Under the current arrangement, users receive 1 DFX token for every 1 USDT lost. At the present payout rate, each DFX is worth about 0.0104 USDT, putting recovery at roughly 1% of user losses. The compensation pool currently stands at about 3.11 million USDT, while DFX has a total supply of roughly 299.5 million tokens and will not be inflated further. The Drift Foundation said the pool will continue to be funded through protocol revenue. It also said Tether has committed up to 127.5 million USDT to support the platform restart and user compensation. Claims will remain open until Jan. 1, 2028. Drift was previously hit by an attack in April, with losses of about $295.4 million, according to Odaily.
Velocity, the Solana ecosystem perpetual futures exchange formerly known as Drift, has opened compensation claims for the hack that took place in April, according to Odaily.
Under the current plan, users will receive 1 DFX token for every 1 USDT lost. At the current payout rate, each DFX can be redeemed for about 0.0104 USDT, which puts compensation at roughly 1% of losses.
The compensation pool currently totals about 3.11 million USDT. DFX has a total supply of about 299.5 million tokens, and no additional issuance is planned.
The Drift Foundation said the compensation pool will continue to receive protocol revenue over time. Tether has committed up to 127.5 million USDT to support the restart and user compensation. The deadline to submit claims is Jan. 1, 2028.
Drift was attacked in April and lost about $295.4 million.
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