Drift Protocol Passes Proposal to Launch Ecosystem Fund Using 8.2 Million Unclaimed and Confiscated Tokens

Article is form Jinse
September 16, 2024
This article is translated by ChatGPT Show original
Back Icon Image

Golden Finance reported that Drift Protocol, a Solana-based decentralized perpetual contract platform, announced on X that DIP-2, a proposal aimed at launching the Drift FUEL fund, has been passed.

The proposal seeks to utilize approximately 8.2 million DRIFT tokens that have been unclaimed and confiscated to start the Drift FUEL fund, which is intended to incentivize the adoption of Drift Protocol. However, the specific allocation of the tokens will still need to be determined through governance.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.