p The little heroes have already taken Drift’s debt

Post

p The little heroes have already taken Drift’s debt certificate DFX and are treating it like a meme.

DFX only has redemption rights for USDT in the redemption pool. Currently, the redemption pool contains 3.11 million USDT, and 1 DFX can be redeemed for 0.0104 USDT.

The DFX secondary market price has a 4.7x premium; currently, 1 DFX = 0.047 USDT.

Can someone tell me exactly where the problem is?

#DriftProtocol

yyy

Bearish

It’s lit up. After nearly $300 million was stolen from the Drift protocol six months ago, today has finally arrived—the moment of a historic compensation.

Let me translate it:
1 USDC loss = 1 DFX received
1 DFX = 0.0104 USDT
So, 1 USDC loss = 0.0104 USDT

Great—no need for more words.

#DRIFT $DRIFT

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