PANews|Jun 16, 2026 15:05
[Drift to Relaunch, Focus on Adjusting Risk Control Parameters and Funding Rate Mechanism]
The Drift Protocol team is advancing the protocol relaunch, recalculating all risk parameters for the perpetual and spot (lending) markets based on historical market performance during extreme downturns rather than subjective settings. In the initial phase, a relatively conservative strategy will be adopted, with gradual relaxation as TVL recovers. The team stated that the open interest cap (OI cap) for each asset will be linked to the liquidatable capacity under approximately 40% instantaneous adverse price movements to avoid bad debt. Additionally, the internal market-making module vAMM's quoting and spread logic will be optimized to reduce extreme fluctuations in the funding rate mechanism. Unnecessary legacy code will also be removed to minimize the attack surface. A complete changelog will be published at the time of the relaunch.
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