The Recovery Token and Insurance Fund Claim Checker is now live.
Affected users can now connect their wallet to view their Recovery Token allocation and Insurance Fund claim eligibility.
CLARIFICATION: DIP-10 is unrelated to the Insurance Fund.
It is specifically about the remaining spot assets in the Borrow/Lend pool, and proposes to authorise Drift Foundation to convert those assets into stablecoins to seed the recovery pool at launch.
Affected users will receive recovery tokens representing their verified loss, which can be claimed against the recovery pool as it grows.
New Discussion: Treatment of Remaining Assets in Borrow/Lend
The new discussion covers:
• Converting remaining borrow/lend spot assets into USDT for the recovery pool
• Settlement methodology and treatment of user balances post-incident
• Improving transparency, reporting, and governance oversight around implementation and recovery processes
The objective is to support long-term protocol sustainability while improving transparency and governance standards following the April 1, 2026 incident.
We are observing unusual activity on the protocol. We are currently investigating. Please do not deposit funds into the protocol while we investigate. This is not an April Fools joke. Proceed with caution until further notice. We’ll provide additional updates from this account.
See you tomorrow!
Join Drift, @awscloud & @getfailsafe during DAS NYC for a relaxed happy hour - grab a drink (or several), enjoy great conversations, and unwind after a full day of conferences.
Manic × @DriftProtocol
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Drift is coming to @consensus2026 🇭🇰
Join Drift and @dwfoptions for an exclusive happy hour with the traders, founders, and builders shaping onchain derivatives.
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By RSVP only