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Perena Founder Anna Says USD Product Suite Was Unaffected by Drift Incident

According to an April 2 X post, Perena’s USD, USD-J, and USD*-P products were not impacted, while a JLP vault managed by Trade Neutral was affected through Drift protocol infrastructure.

JLP

Summary

Perena founder Anna said on April 2 that the project’s USD, USD-J, and USD*-P products were not affected by the Drift incident. According to the X post, the impacted component was a JLP vault managed by Trade Neutral because it operates on a Drift protocol vault. The team said it will provide further updates after receiving additional information from partners.

Terms & Concepts
  • Vault: A smart contract-based structure that holds and manages crypto assets according to preset rules or strategies.
  • Drift protocol: A crypto trading protocol that supports onchain trading infrastructure, including vault-based products or strategies.
  • JLP vault: A vault tied to JLP exposure, in this case managed by Trade Neutral and operating through Drift protocol infrastructure.