The pool is funded by a share of Velocity’s daily net protocol revenue, contributions of up to $127.5 million from Tether, $20 million from strategic partners, and recovered funds. Redeeming DFX tokens burns the assets and terminates the user's claim on future pool deposits. The window to claim and redeem tokens closes at 00:00 UTC on January 1, 2028.
Tuesday, October 20, 2026
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Drift Opens DFX Recovery Claims for $299.5M in User Losses
Crypto19 days ago
The Drift Foundation has established a $3.11 million recovery pool to compensate users for assets lost during an incident on April 1. Verified claimants receive one DFX token for every 1 USDT lost, with each token serving as a claim on the pool. The redemption rate is determined by dividing the current pool balance by the total outstanding supply, though verified losses total nearly $299.5 million.
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