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Drift: Insurance fund deposits can be withdrawn after protocol restart
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On May 20, Solana perpetual contract protocol Drift announced that depositors to its Insurance Fund will be able to withdraw their staked shares after the protocol is back online. The project stated that according to the protocol's documentation and code design, the Insurance Fund is intended to maintain protocol solvency in the event of losses due to liquidation or bankruptcy. In this instance, the protocol was paused before losses were processed through normal liquidation or bankruptcy channels due to an attack, and the insurance fund was unaffected. The protocol's own Insurance Fund assets will be used to support a "healthy restart" for all users, and the relevant contract address will be made public for community tracking of fund usage.