Drift Foundation: DFX is not pegged to 1 USDT, and the current recovery pool only covers about 1% of claims

Drift Foundation has explained the compensation plan following the hacking of the protocol: for every 1 USDT lost, users can receive 1 DFX token, and the redemption amount depends on the recovery pool balance, which currently only covers about 1% of the total claims;

Tether has committed to providing up to 127.5 million USDT to support the protocol restart and user compensation, with the funds being linked to the net protocol revenue of Velocity and not disbursed in a lump sum; the claims deadline is January 1, 2028, and users can choose to hold DFX or trade on secondary markets like Raydium, with the only official link being dfx.drift.trade.