Drift Opens DFX Recovery Claims with Initial Payouts Near 1% of Losses

The Drift Foundation has opened DFX recovery claims for victims of its April 1 exploit. Eligible wallets receive one DFX token for each USDT of verified losses. Initial payouts are near 1% of verified losses, with the foundation putting the opening rate at about 0.0104 USDT per token.

According to the foundation's formula, each token's redemption amount equals the Recovery Pool's USDT balance divided by the outstanding DFX supply. The claim window closes on January 1, 2028, when unclaimed DFX tokens will be burned.

The Drift Foundation has also announced that its Insurance Fund remains intact, covering trading-related bankruptcies rather than the exploit's losses. The fund has been used to support the recovery effort, with Velocity sending a share of daily net protocol revenue to the pool.