Velocity (Former Drift Protocol) latest updates: The private testnet continues to run, and auditing and risk hardening are underway.
At present, the team is working with market makers, professional trading firms, and retail traders to test the product, optimize the trading experience, and prepare for liquidity launch. Public launch and DFX claims will be carried out after the safety and risk work is completed.
Remember, after a large-scale hacking attack on Drift Protocol on April 1 last year, the team designed a compensation mechanism for affected users. DFX is specifically issued as a recovery token for wallets impacted by the incident, with 1 DFX = 1 US dollar of verified loss.
We continue to closely monitor the projectโs security progress, and once all preparations are complete, we willๆญฃๅผ launchโtaking responsibility for usersโ asset safety is still commendable.
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