Description
Drift Protocol is a decentralized exchange on Solana, focused on trading perpetual futures with up to 10x leverage. It combines an order book-based model, akin to traditional futures markets, with the benefits of Solana's high throughput and low transaction fees. The platform aims to enhance the trading experience by addressing issues like high slippage and liquidity gaps, positioning itself as a viable alternative to centralized derivatives exchanges. Launched in 2022, Drift utilizes the DRIFT token, capped at 1 billion, allowing market participation across 151 active markets. The team, comprising DeFi and traditional finance experts, provides traders and liquidity providers with robust tools and risk management features, maximizing security and efficiency in futures trading. For more information, visit drift.trade.
Drift Protocol is a decentralized exchange on Solana, focused on trading perpetual futures with up to 10x leverage. It combines an order book-based model, akin to traditional futures markets, with the benefits of Solana's high throughput and low transaction fees. The platform aims to enhance the trading experience by addressing issues like high slippage and liquidity gaps, positioning itself as a viable alternative to centralized derivatives exchanges. Launched in 2022, Drift utilizes the DRIFT token, capped at 1 billion, allowing market participation across 151 active markets. The team, comprising DeFi and traditional finance experts, provides traders and liquidity providers with robust tools and risk management features, maximizing security and efficiency in futures trading. For more information, visit drift.trade.
