Drift Foundation: DFX is not pegged to USDT; Recovery Pool currently covers only about 1% of total claims

Odaily News: The Drift Foundation posted a response to community concerns, stating that DFX is not pegged to 1 USDT. For every 1 USDT of confirmed loss, users receive 1 DFX, but the ultimate redemption value of DFX depends on the balance of funds in the Recovery Pool at the time of redemption.

The Drift Foundation stated that the Recovery Pool currently covers only about 1% of the total claims amount. Users can choose to redeem DFX, or continue to hold it and retain the right to claim future inflows into the Recovery Pool, or trade it on secondary markets such as Raydium.