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The total market capitalization of the cryptocurrency market has evaporated nearly $500 billion in less than a week.
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Drift Foundation: Plans to allocate $9 million in operational funds to Drift Labs through the DIP-9 proposal.
Odaily News Drift Foundation has released the DIP-9 proposal on the governance forum. This proposal aims to establish a sustainable fee distribution framework to fund the ongoing development and rise of the protocol. According to the proposal, DIP-9 plans to allocate $1.5 million monthly from the collected protocol fees to Drift Labs to support its operating expenses, including engineering infrastructure, subscription, and Gas fees, etc. If the proposal is approved, $9 million will be paid in advance to cover the operating costs for the first half of 2026. Subsequent allocations will be made monthly for a period of 18 months. Currently, the Drift protocol ecosystem is performing robustly, with cumulative fee income reaching $42 million. The proposal will begin voting on December 24, 2025, with an initial execution period of two years.