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📰 【Drift: Receives $147.5 Million Funding Support from Tether and Others for User Fund Recovery】
BlockBeats News, April 16 — Drift announced that Drift Protocol has received support from Tether and other partners, with Tether planning to invest $127.5 million and other partners planning to contribute $20 million, jointly supporting user recovery efforts following the April 1 attack. This support plan includes a $100 million revenue-linked credit line, ecosystem grants, and loans to market makers. Drift will establish a dedicated user recovery pool aimed at gradually addressing the $29.5 million in outstanding user losses as trading revenue grows. Additionally, Drift will distribute independent...
Tether is once again stepping in as a white knight, with a single move providing over $100 million. $USDT This move, on the surface, is about firefighting, but in reality, it deeply ties the DeFi mess to itself. Drift’s hole is nearly $300 million, relying on future trading income to slowly fill it? Retail investors’ wallets can’t wait for the future. If you ask me, they only think about setting up a recovery pool after the protocol has already gone wrong—why didn’t they do it earlier? The industry’s risk control always lags behind the explosion of problems. 👇👇👇👇👇