Velocity says private test remains live as audits continue before public launch and DFX claims

Velocity, the decentralized perpetuals trading platform formerly known as Drift Protocol, said its private test version is still running as the team continues audits and risk-hardening work ahead of a wider release. The project said it is testing the product with market makers, professional trading firms and retail traders, while also refining the trading experience and preparing liquidity for launch. According to the update, the public launch and DFX claims will only open after security and risk-related work is completed. The statement ties the rollout timeline directly to the completion of those internal checks. Foresight News noted that after Drift Protocol suffered a large-scale hack on April 1, the team created a compensation mechanism for affected users. DFX is described as a recovery token issued specifically to impacted wallets, with 1 DFX representing $1 in verified losses.