people · May 21, 2026
Drift Protocol Official Update: Insurance Fund Depositors Withdraw Stakes at Relaunch
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Drift Protocol posted on May 20, 2026 that Insurance Fund depositors will withdraw stakes when the protocol goes live. Documentation shows the fund maintains solvency for bankruptcies only. The fund stayed unaffected because the protocol paused before losses went through normal liquidation or bankruptcy paths. Protocol-owned assets from the fund will support healthy relaunch for all users. Relevant on-chain program addresses will be disclosed publicly for community tracking of capital deployment.
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