🚀 Drift Protocol Proposes Use Of Unclaimed Tokens For Adoption Fund
#DriftProtocol #Solana #DeFi #CryptoAdoption #Governance #FUELFund #DRIFTtokens
According to Odaily, the decentralized perpetual contract platform Drift Protocol, which is based on Solana, has initiated a proposal on Realms. The proposal seeks to utilize approximately 8.2 million unclaimed and confiscated DRIFT tokens to launch the Drift FUEL Fund. This fund aims to incentivize the adoption of Drift Protocol. However, the specific allocation of these tokens will still need to be determined through governance.#DriftProtocol #Solana #DeFi #CryptoAdoption #Governance #FUELFund #DRIFTtokens
🚀 Thailand's Fuel Fund Faces Losses Amid Diesel Subsidies
#Thailand #FuelFund #DieselSubsidies #EnergyMinister #Losses #GlobalOilPrices #RussiaUkraineConflict #FuelPrices #GovernmentActions #CommerceMinister
Thailand is utilizing its fuel fund to maintain low domestic diesel prices, according to Jin10. Energy Minister Ataporn stated on Wednesday that the fund is currently incurring daily losses exceeding 1 billion baht (approximately $32 million), with cumulative losses expected to reach 10 billion baht by March 18. Despite these losses, the government plans to continue subsidies while assessing future actions based on the fund's status and global oil prices. Ataporn noted that during the early stages of the Russia-Ukraine conflict, the fund managed debts as high as 120 billion baht. However, he did not specify potential government actions if losses increase, though options may include gradually raising diesel prices and increasing the fund's borrowing limit. Commerce Minister Supachai reassured the public on Wednesday, stating, "There is no need to panic. If the situation persists, we will introduce additional measures. We are closely monitoring the situation."#Thailand #FuelFund #DieselSubsidies #EnergyMinister #Losses #GlobalOilPrices #RussiaUkraineConflict #FuelPrices #GovernmentActions #CommerceMinister