Drift opened DFX recovery claims and redemptions on October 1 for users with verified losses from its April exploit. The initial redemption amount was about 0.0104 USDT per DFX, roughly 1% of the loss represented by each token, rather than full compensation.
The official announcement assigns one DFX for each USDT of verified loss. Its launch figures put the Recovery Pool at about 3.1 million USDT against a fixed supply of roughly 299.5 million DFX. Those are dated launch figures, not a freshly verified balance for October 4.
For a hypothetical verified loss of 1,000 USDT, the allocation would be 1,000 DFX. At the published launch redemption amount, redeeming that allocation would return about 10.40 USDT. The example illustrates the difference between the size of a claim and the cash presently available to settle it.
The Block's October 2 report confirms that redemption burns DFX and ends the burned tokens' participation in future distributions. Holders can instead retain tokens or transfer them, but waiting does not establish when more funding will arrive or how much will ultimately be recovered. Partner support commitments are not equivalent to cash already deposited in the pool.
The recovery portal separates DFX from Insurance Fund claims, which have their own terms. The DFX claim window opened October 1, and conversion to USDT uses the prevailing redemption amount. Accessing the page for this report did not involve connecting a wallet or submitting a claim.
Drift says the pool's redemption amount is its USDT balance divided by outstanding DFX supply. Payout and token destruction occur together, so a completed redemption is final for those tokens. Future protocol revenue and recovered assets are potential funding sources, not a guarantee of a full repayment date.
A separate explanation of BitMart's proposed recovery tokens covers the same distinction between a token allocation and repayment. The schemes have different terms; that comparison does not verify Drift's funding or recovery prospects.