Drift has opened claims for DFX, a recovery token created to compensate users affected by its April 1 exploit. The Solana-based protocol links each eligible DFX token to $1 of verified USDT losses.
Consequently, affected users can claim tokens based on a previously recorded loss snapshot. Drift plans to fund recoveries through protocol revenue, recovered assets, and commitments from its partners.
Recovery Pool Builds Over Time
DFX has a fixed supply of 299.5 million tokens and operates as an SPL token on Solana. Each token currently represents a claim on a Recovery Pool holding about 3.1 million USDT. That balance gives DFX an initial redemption value of roughly 0.0104 USDT.
However, Drift expects the pool to grow through daily contributions from Velocity’s net protocol revenue. The contribution rate rises from 60% to 90% as daily revenue increases.
Additionally, Tether has committed up to 127.5 million USDT toward recovery efforts. Strategic partners could provide another $20 million.
Claims Remain Open Until 2028
Recovered assets from freezes, bounties, or law enforcement actions will also enter the pool. Meanwhile, users can burn DFX to receive USDT at the prevailing redemption rate.
Moreover, holders can trade their tokens on secondary markets, including Raydium. The claim period runs until January 1, 2028. Drift will permanently burn any unclaimed DFX after that deadline.
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