Solana's perpetual contract protocol, Drift, has launched a query tool for users affected by the April 1st vulnerability incident to check their DFX recovery token allocation and whether they qualify for insurance fund claims. Currently, this tool is only for viewing results and does not support claiming, redeeming, or transferring tokens.
DFX is calculated on a 1:1 loss basis.
The core of Drift's compensation plan is the establishment of a separate recovery token, DFX. The protocol states that each DFX token corresponds to $1 of verified loss, calculated separately from the existing governance token, DRIFT.
For loss calculation, Drift used the oracle price at 16:06 UTC on April 1, 2026, combined with a snapshot of spot and perpetual positions at 18:31 UTC on the same day. The protocol states that this was done to avoid market volatility distorting loss calculations during the event.
The recovery pool is targeting $295.4 million.
This tool is also part of Drift's overall recovery plan. As arranged, affected wallets will receive DFX representing verified losses, along with a claim to a recovery pool.
The initial sources for restoring the liquidity pool include approximately $3.8 million in remaining protocol assets, future exchange revenue, up to $127.5 million in backing from Tether, and up to $20 million in funding from strategic partners. Drift's goal is to ultimately cover the $295.4 million loss caused by this incident.
Once the restored liquidity pool exceeds $5 million, DFX holders can redeem their holdings proportionally to the pool's value and the number of circulating DFX. However, choosing to redeem early will forfeit any additional compensation from subsequent replenishment funds.
Insurance fund eligibility can be verified first.
The new tool also shows whether a user is eligible to claim from the insurance fund. Drift previously stated that insurance fund depositors will retain the right to withdraw their assets and can withdraw their holdings once the agreement is restarted.
For users indirectly exposed to risk through integration protocols, Drift protocol lead Noah Prince stated that these recovery tokens will first be claimed by the protocol holding user funds, and then distributed to underlying users by the relevant protocols. If users cannot access historical account data, the team can provide wallet-level summaries based on on-chain historical activity.
Security upgrades to be implemented before restarting
Drift is also preparing for its protocol relaunch in 2026. Confirmed changes include enabling a new codebase, undergoing an independent audit, strengthening operational security measures, and adding time locks for administrative operations. The protocol also states that USDT will be the primary settlement asset after the relaunch, and the business focus will be shifted to perpetual contract trading.
