Drift's compensation plan has sparked community dissatisfaction, with only about $1 currently redeemable for every $100 in losses.

BlockBeats news, October 2. Earlier today, the Drift Foundation opened claims and redemptions for the April 1 security incident. Affected users can receive newly issued compensation tokens, DFX, at a ratio of 1 USD to 1 token based on verified losses.

DFX is a standard SPL asset on Solana, with a fixed total supply of approximately 299.5 million tokens, corresponding to about 295.4 million USD in verified losses, and it will not be minted further. Users can burn it on the official portal and redeem it for USDT at the redemption price, or transfer it to secondary markets such as Raydium for trading. The redemption price is determined by the balance of the recovery pool divided by the number of DFX tokens that have not yet been burned.

It is reported that the pool contains about 3.11 million USDT, corresponding to a redemption price of about 0.0104 USD, meaning that for every 100 USD lost, only about 1 USD can be redeemed. This ratio immediately sparked strong dissatisfaction in the community. Some users pointed out that the nominal "full certificate" only covers about 1% of losses once implemented, equivalent to an immediate 99% shrinkage, far short of the full compensation previously expected. Although the plan also lists support commitments of up to 127.5 million USD from Tether, up to 20 million USD from partners, as well as follow-up sources such as fee sharing from the new trading platform Velocity and recovery of stolen funds, these funds are mostly caps or installment arrangements and did not enter the pool on the day the portal opened.

It is worth noting that the price of DFX has risen significantly since trading opened. Although the redemption price remains at around 0.0104 USD, the secondary market transaction price rose from about 0.01 USD to about 0.03 USD, an increase of about 210% in 24 hours. This rally reflects expectations for future inflows, rather than an increase in the balance of the recovery pool. The token can be freely transferred, and the transaction price does not have to equal the redemption price; current liquidity is only about 200,000 USD, so a small amount of buying can push the price up.

Summarizing community views, buyers are mainly betting on two things: first, if Tether, partner capital injections, protocol revenue, and recovered funds arrive one after another, the redemption price could in theory be significantly higher than the current 1 cent; second, early redemptions and the unclaimed portion after the claim window closes on January 1, 2028, will both be burned, so each subsequent inflow will be shared by fewer tokens.