Vest: Insurance Fund Deposits Can Be Withdrawn After Protocol Restart

BlockBeats News, May 20th, the Solana perpetual contract protocol Drift announced that Insurance Fund depositors will be able to withdraw their staked shares after the protocol is back online. According to the protocol documentation and code design, the Insurance Fund is used to maintain the protocol's solvency in case of losses due to liquidation or bankruptcy. This time, the protocol operation was paused immediately after the attack to prevent further losses before the normal liquidation and bankruptcy procedures. The Insurance Fund was not affected. The protocol's own Insurance Fund assets will be used to support a "healthy restart" of the protocol for all users, and the relevant contract address will be made public to allow the community to track the fund usage.