The first batch of redemption rate is about 1% of the loss, and Velocity is open to apply for compensation for the theft incident in April.

Odaily Planet Daily News Solana ecological perpetual contract exchange Velocity (formerly Drift) has opened applications for compensation for the April theft incident. Users can receive 1 DFX token for every 1 USDT lost. The current redemption rate is approximately 0.0104 USDT per DFX, which is approximately 1% of the loss. The current size of the compensation pool is approximately 3.11 million USDT, and the total supply of DFX is approximately 299.5 million pieces, with no additional issuance. The Drift Foundation stated that the compensation pool will continue to be injected with the protocol revenue. Tether has promised to provide up to 127.5 million USDT to support restart and user compensation. The application deadline is January 1, 2028. Previously, Drift was attacked in April, resulting in a loss of approximately $295.4 million.