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WuBlockchain: Drift Foundation Launches DFX Claims and Redemptions for April 1 Losses
WuBlockchain: Drift Foundation announced DFX claims and redemptions are now live for users with verified losses from the April 1 incident. Each DFX is issued for every 1 USDT lost and represents a claim on the Recovery Pool, which currently holds about 3.11 million USDT. The pool is funded by Velocity's daily net protocol revenue, up to 127.5 million USDT from Tether, up to 20 million USDT from strategic partners, and any recovered funds. DFX can be redeemed for USDT based on the Recovery Pool balance and outstanding supply, with redemptions being final. The claim window closes at 00:00 UTC on January 1, 2028.
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