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Drift clarifies refund policy: Early redemption is subject to a discount
Drift Protocol has clarified the asset conversion mechanism after opening redemption, allowing users to withdraw at any time but with the buyback price changing according to the timing.
According to the announcement, if users choose to redeem early, they will receive a discounted rate based on the current pool size. As the pool continues to grow, those who wait longer can receive a higher buyback rate.
The protocol did not specify any additional details beyond this mechanism. It is currently unclear what the specific discount rate is, as well as when the official redemption period will begin for individual users.
The main point of this update is that the conversion price is not fixed throughout the redemption period. The price received will depend on the pool size at the time of redemption, so two users redeeming at different times may get different results.
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