velocitydex

Quantitative researcher ahzam stated that he will join Proof as the head of quantitative research, working alongside Squid and the team to build a new type of market. ahzam mentioned that he has been working at VelocityDEX and Drift since early 2025, and in recent months the team has undergone a complete reconstruction of the exchange, where he was responsible for most of the exchange's economic models and program development. ahzam also indicated that he has been working on perpetual contracts almost every day for the past two years.ahzam noted that he has been paying attention to Proof since Squid began experimenting with conditional contracts, viewing it as a new asset class that combines perpetual contracts and prediction markets, with related work focusing on fair pricing and exchange design. ahzam stated that he will travel to London to attend Breakpoint. Proof is driven by Squid and is positioned as a conditional perpetual and multi-world market exchange; VelocityDEX is a perpetual contract exchange on Solana, renamed from Drift. ahzam's personal profile shows that he was previously a quantitative researcher at VelocityDEX and has worked at AsgardFi.

Cindy Leow, co-founder of the Solana perpetual contract exchange Drift (now Velocity), stated thatVelocity has completed audits with OtterSec and Asymmetric Research this week and is fully open-sourced, with the exchange restarting today.At the same time, as the exchange restarts and enters the next phase, she will step down. Previously, ChainCatcher reported on April 1 that Velocity was hacked by North Korean hackers due to a security vulnerability, resulting in a theft of $295 million.