Drift Foundation: DFX is not pegged to 1 USDT; the current recovery pool covers only approximately 1% of claims.
The Drift Foundation has outlined the compensation plan following the protocol hack: users will receive 1 DFX token for every 1 USDT lost, with redemption amounts depending on the recovery pool balance that currently covers only about 1% of total claims; Tether has committed to providing up to $127.5 million USDT to support protocol restart and user compensation, with funds matched against Velocity's net protocol revenue rather than disbursed as a lump sum; the claims deadline is January 1, 2028, allowing users to choose to hold DFX or trade it on secondary markets such as Raydium, with the only official link being dfx.drift.trade.
