<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Recovery Strategy Debate Highlights Structural Differences]]></title><description><![CDATA[<p dir="auto"><img src="/forum/assets/uploads/files/1775364060619-525286ba-ae07-4f7e-b640-0d3f6ccdfdf4-image.png" alt="525286ba-ae07-4f7e-b640-0d3f6ccdfdf4-image.png" class=" img-fluid img-markdown" /></p>
<p dir="auto">Anatoly Yakovenko suggested a recovery approach involving IOU tokens, similar to the model used by Bitfinex after its 2016 hack. The idea involves issuing tokens representing user losses, with the possibility of future repayment as the platform recovers.</p>
<p dir="auto">However, analysts highlight key differences between the two cases. Bitfinex had centralized control, consistent revenue, and operated during a strong market cycle, while Drift is a decentralized platform with reduced liquidity and no guaranteed revenue base, making the effectiveness of such a recovery model uncertain.</p>
]]></description><link>https://undeads.com/forum/topic/17975/recovery-strategy-debate-highlights-structural-differences</link><generator>RSS for Node</generator><lastBuildDate>Tue, 05 May 2026 09:41:56 GMT</lastBuildDate><atom:link href="https://undeads.com/forum/topic/17975.rss" rel="self" type="application/rss+xml"/><pubDate>Sun, 05 Apr 2026 04:41:01 GMT</pubDate><ttl>60</ttl><item><title><![CDATA[Reply to Recovery Strategy Debate Highlights Structural Differences on Sun, 05 Apr 2026 11:56:44 GMT]]></title><description><![CDATA[<p dir="auto">bitfinex’s recovery succeeded largely because of market conditions and centralized control, neither of which drift fully has</p>
]]></description><link>https://undeads.com/forum/post/48341</link><guid isPermaLink="true">https://undeads.com/forum/post/48341</guid><dc:creator><![CDATA[etfs]]></dc:creator><pubDate>Sun, 05 Apr 2026 11:56:44 GMT</pubDate></item></channel></rss>