Project 0 co-founder MacBrennan announced an update on April 2 regarding the handling of the Drift vulnerability incident. The project aims to complete the socialization of losses for all affected Drift users by tomorrow. This includes loss allocation calculations and notifications, with the full calculation methodology to be disclosed before operations resume.
Drift lenders will bear losses proportionally, while non-Drift lenders will face a maximum uniform reduction of approximately 2% in the shared pool. Current loss estimates assume Drift assets are worth zero, but actual losses may decrease as Drift's asset distribution plan progresses. Affected users will be snapshotted and compensated once funds are recovered.
Project 0 Targets Completion of Drift Incident Loss Allocation by Tomorrow
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