Drift Protocol provides an update on the recovery and restart progress following the April 1 attack incident, planning to establish a "recovery pool." Currently, it has received $127.5 million in proposed contributions from Tether and $20 million from other partners, including a $100 million revenue-linked credit line and ecosystem grants. Drift plans to issue a dedicated "recovery token" (independent of the DRIFT governance token) to affected users, representing a claim on the recovery pool, aiming to gradually address the current unpaid user losses of up to $295 million. In the future, after Drift relaunches, settlements will be made in USDT instead of the original USDC; Tether will provide market-making support through designated market makers.

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