Drift Protocol Airdrop » Claim free DRIFT tokens

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DFX Claim Announcement
Chain: Solana

Claim Live

Ongoing

Jump to steps Updated 1 Oct 2026 · 6 steps

Drift Protocol Airdrop Details

The original DRIFT airdrop has ended. The live distribution is the DFX recovery token, claimable by wallets that lost funds in the April 1 exploit. Allocations are already fixed in the loss snapshot, so there is nothing left to farm.

Key Parameters:

Airdrop Allocation: 1 DFX per 1 USDT of verified loss
Distribution Method: Merkle-proof claim against the April 1, 2026 loss snapshot
Claim Window: Open until 00:00 UTC on January 1, 2028

DFX is a standard SPL token. Holders can redeem it for USDT from the Recovery Pool, trade it on Raydium, or hold it. Each token redeems for the pool balance divided by outstanding supply. The pool held about 3.1M USDT at launch, which works out to roughly 0.0104 USDT per DFX. A daily deposit from Velocity’s revenue at 00:00 UTC raises that rate, and deposits continue until the pool has received the full amount of verified losses.

Latest Update: DFX claims and redemptions opened on October 1, 2026.

How to Claim DFX Recovery Tokens

Step 1: Open the Wallet That Held Your Drift Account

Use the wallet that controlled your Drift account on April 1, 2026. Your claim is tied to that address, so any other wallet shows nothing to claim. Keep a small amount of SOL in it for network fees.

Step 2: Visit the DFX Claim Portal

Go to the DFX claim portal and connect your wallet. Check the address bar before signing anything: the official portal runs on dfx.drift.trade.

Step 3: Check Your DFX Allocation

The portal matches your address against the loss snapshot using a Merkle proof and shows your exact allocation. A “No recovery tokens allocated” message means you connected the wrong wallet.

Step 4: Accept the DFX Terms

Tick the boxes to agree to the DFX terms.

Step 5: Claim and Approve the Transaction

Click “Ready to Claim” and approve the transaction in your wallet. If you have more than one allocation, approve each one. A “Claim Failed” error usually means the wallet ran out of SOL for fees, so add a little and try again.

Step 6: Confirm the Tokens Arrived

Wait for the “DFX claimed” message. The screen switches to “Already Claimed” with a View Transaction link, and the DFX is now in your wallet.

How to Redeem DFX for USDT

Redeeming is optional. Open the DFX Redemption tab on the claim portal and connect any wallet holding DFX; it does not have to be the one you claimed with. Enter an amount or pick 50% or Max, check the quoted Receive Amount, then confirm in your wallet.

The DFX burn and the USDT payout happen in a single transaction, so both go through or neither does. Redemptions are final, and amounts round down to the nearest 0.000001 USDT. The Recovery Dashboard shows the pool balance, outstanding supply, and current Redemption Amount in real time.

Tips for Managing Your DFX Allocation

Compare Raydium prices with the Redemption Amount. If DFX trades below the redemption rate, redeeming returns more USDT than selling.

Know what early redemption gives up. Redeemed DFX is burned, and future deposits are split among the tokens left. Drift’s own example: if 10% of supply redeems, each remaining DFX gets about 11% more of every later deposit.

Claim before January 1, 2028. Unclaimed DFX is burned when the window closes, and its share of the pool passes to other holders.

Use only the official portal. Fake claim sites and DMs offering help follow every recovery announcement. Never enter a seed phrase, and check our crypto safety guide if you are unsure about a link.

Important Terms

DFX: A Solana SPL token representing 1 USDT of verified loss from the April 1, 2026 exploit. No new DFX can be minted.

Recovery Pool: The USDT pool backing DFX. It grows from Velocity revenue, Tether and partner capital, and any recovered stolen funds.

Redemption Amount: The USDT paid per DFX, calculated as Recovery Pool balance divided by outstanding DFX supply. It steps up with each daily deposit and does not fall when others redeem.

Net Protocol Revenue: The 70% of Velocity’s net trading fees left after 15% goes to the Insurance Fund and 15% to vAMM capital. The pool’s share rises from 60% to 90% as daily revenue grows.

Frequently Asked Questions

Is the Drift Protocol airdrop still live?

The DRIFT token airdrop for FUEL holders ended on November 14, 2025. The active claim now is DFX, a recovery token for wallets that lost funds in the April 2026 exploit. Both allocations come from past snapshots, so new users cannot qualify.

Who can claim DFX tokens?

Any wallet that controlled a Drift account with a verified loss at the time of the April 1, 2026 exploit can claim. Allocations are fixed at 1 DFX per 1 USDT lost. Wallets outside the loss snapshot will see no allocation on the claim portal.

How much is one DFX token worth?

One DFX redeems for the Recovery Pool balance divided by outstanding DFX supply. At launch on October 1, 2026, that was about 0.0104 USDT per token. The rate rises with each daily revenue deposit, while the market price on Raydium can differ.

When does the DFX claim window close?

DFX claims close at 00:00 UTC on January 1, 2028. Any DFX still unclaimed at that point is permanently burned. Claiming does not force you to redeem, so you can hold DFX and decide later.

Is the Drift Insurance Fund claim the same as DFX?

No. The Insurance Fund card on the claim portal is a separate claim with its own terms. It does not create DFX tokens, so affected users should check both and claim each one that applies.

Will Velocity have its own airdrop?

Velocity has not announced a points program or new airdrop. DRIFT remains the governance token, and DFX exists only to repay affected users. For active perp DEX campaigns, see the current Hyperliquid airdrops.

Conclusion

Drift Protocol’s only open distribution is now a recovery claim. Wallets hit by the April 1, 2026 exploit can claim DFX until January 1, 2028, then choose between redeeming for USDT, selling on Raydium, or holding while Velocity revenue grows the pool.

The DRIFT airdrop is closed, and Velocity has no announced reward program. Users looking for open opportunities can browse live token claims or start with our airdrop farming guide.

DFX Claim Announcement

What is Drift?

Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM. A Dynamic AMM is based on a virtual AMM (vAMM), but it’s key innovation is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand.