Drift Protocol Passes Proposal to Launch Ecosystem Fund Using 8.2 Million Unclaimed and Confiscated Tokens
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September 16, 2024
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Drift Protocol Launches FUEL Fund with 8.2 Million DRIFT Tokens
Drift Protocol, a Solana-based decentralized perpetual contracts platform, announced on X that proposal DIP-2, aiming to establish the Drift FUEL fund, has been passed.
The proposal seeks to utilize approximately 8.2 million unclaimed and forfeited DRIFT tokens to initiate the Drift FUEL fund. The fund aims to encourage the adoption of Drift Protocol. While the specific distribution method of these tokens remains to be determined through governance, it is a significant step towards fostering growth within the Drift ecosystem.
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