PANews
PANews|May 20, 2026 14:21
[Drift: Insurance Fund Deposits Can Be Withdrawn After Protocol Relaunch] The Solana perpetual contract protocol Drift stated that depositors of its Insurance Fund will be able to withdraw their staked shares once the protocol is back online. According to the project team, as per the protocol's documentation and code design, the Insurance Fund is intended to maintain the protocol's solvency in the event of losses caused by liquidations or bankruptcy. Due to the recent attack, the protocol was paused before losses could be processed through normal liquidation or bankruptcy procedures, leaving the Insurance Fund unaffected. The protocol's own Insurance Fund assets will be used to support a 'healthy relaunch' for all users, and the relevant contract addresses will be made public to allow the community to track the usage of funds.
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