Meteora Says Platform Funds and Treasury Have Not Interacted With Drift Protocol
In a statement posted on X on April 2, Meteora said its platform funds are safe and that its functions and treasury have had no interaction with Drift Protocol (decentralized trading platform).
Summary
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Terms & Concepts
Treasury: A project’s reserve funds used for operations, incentives, or strategic spending.
Protocol: A blockchain-based system of rules and smart contracts (self-executing blockchain code) that powers a crypto application.
Platform funds: Assets held or managed by a crypto platform for operations, liquidity, or other internal purposes.