Velocity: Private test version is running continuously, with auditing and risk reinforcement in progress
Foresight News reports that the decentralized perpetual contract trading platform Velocity (formerly Drift Protocol) announced via social media that its private test version is currently running continuously, while audits and risk strengthening are underway. Meanwhile, the team is collaborating with market makers, professional trading firms, and retail traders to test the product, optimize the trading experience, and prepare liquidity for launch. The public launch and DFX claiming will take place once security and risk work are completed.
Foresight News notes that after a large-scale hacker attack on Drift Protocol on April 1, the team devised a compensation mechanism for affected users. DFX is a recovery token issued specifically to the affected wallets, with 1 DFX representing 1 USD in verified losses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barclays lowers New Era Energy price target to $79
CoreWeave (CRWV.US) revenue doubles but faces $5.2 billions in debt pressure
CoreWeave's stock price fell by more than one-third in October. Although its Q2 revenue increased by 112% year-over-year to 2.5 billion USD, a 15% yield on unsecured bonds and an 11% CDS spread have sparked deep market concerns about the sustainability of its debt.
House of Doge (HODO.US) executives resign and terminate exclusive Dogecoin authorization
The former CEO and CFO of House of Doge have resigned, with executives from McQueen Labs taking over. The company has terminated its exclusive trademark authorization for Dogecoin, switching to a non-exclusive model that requires revenue sharing. Meanwhile, asset swaps and acquisitions are being advanced.
Vietnam VN Index closed down 0.6%
Crypto prices
More
