Potential Drake Airdrop » How to be eligible?

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Monad ecosystem airdrops

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Jump to steps Updated 28 Sep 2026 · 7 steps

Drake Airdrop Details

Drake has not announced a token or an airdrop. What is confirmed is a points program: the team says on-chain activity has been tracked retroactively since day one, and wallets from the private mainnet beta received boosted points. No snapshot date, minimum volume, or points-to-token conversion has been published.

Anyone can now trade on mainnet without a whitelist. Points keep accruing from trading and platform use, which puts Drake in the same pre-token farming stage as most perp DEXes before a launch.

Latest Update: Public mainnet went live on September 7, 2026, together with a four-week MON incentive campaign that splits a $100,000 pool among traders on top of regular Drake points.

How to Participate in the Drake Airdrop

Step 1: Visit the Drake App

Go to the Drake app and connect an EVM wallet such as MetaMask or Rabby. Make sure the wallet is set to Monad mainnet.

Step 2: Fund Your Wallet With USDC on Monad

Drake settles in USDC, and you need a small amount of MON for gas. You can buy USDC on Bybit, then move it onto Monad with the widget below, which also swaps into MON if you are starting from another token.

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Step 3: Deposit Collateral and Pick a Margin Mode

Deposit USDC into your Drake account and choose how your collateral works:

Cross margin: one collateral pool backs all positions, which is more capital efficient but liquidates the whole portfolio if the threshold is breached
Isolated margin: each position has its own collateral, so a liquidation only hits that position

Step 4: Trade Perps During the MON Campaign

Open positions on BTC, ETH, SOL, or MON using market or limit orders. Trades count toward Drake points and, while the four-week campaign runs, toward the $100,000 MON pool. Check the campaign rules in the app for eligible markets before trading.

Step 5: Deposit Into the Earn Vaults

Go to the Earn section and deposit USDC into a vault such as the Funding Rate Vault (frUSDC). Vaults earn from trading fees, funding, and spreads, and they add non-trading activity to your wallet history.

Step 6: Refer Traders or Apply for the Affiliate Program

Copy your referral link from the Drake dashboard and share it with other traders. If you have an audience, apply through the Drake Affiliate Program form:

20% direct commission on trades from users you bring, plus a 5% override on second-level referrals
Monthly payout tiers: Base $25,000 ($5,000 second level), Tier 1 $100,000 ($20,000), Tier 2 $250,000 ($50,000)
VIP partners above $500,000 negotiate terms based on volume

Step 7: Join the Drake Discord

Join the official Discord for campaign announcements, rule changes, and any new points events.

Tips for Maximizing Drake Points

Trade on several days, not in one burst. Points programs on perp DEXes usually reward consistent activity over a single large session, and the MON pool is distributed week by week.

Keep leverage low. Liquidations wipe out collateral and end your activity. Volume at 2x to 5x leverage lasts much longer than volume at 50x.

Factor in fees. Drake charges up to 0.1% of notional per trade, so a $10,000 position costs about $10. Wash volume can cost more than any future reward is worth.

Use both trading and vaults. A wallet that trades and holds a vault position looks like a real user, while pure volume looks like farming. Compare with other Monad perp DEXes like Perpl if you want to spread activity.

Important Terms

CLOB: A central limit order book that matches buy and sell orders by price and time. On Drake it runs fully on-chain.

Cross Margin Portfolio (CMP): Drake’s shared-collateral account, where profits on one position support losses on another.

Isolated Margin Portfolio (IMP): An account type where each position has separate collateral and liquidates on its own.

frUSDC: The token you receive for depositing into Drake’s Funding Rate Vault, which runs a delta-neutral strategy.

Frequently Asked Questions

Is the Drake Airdrop Confirmed?

No. Drake has not announced a token or an airdrop. It runs a points program that has tracked on-chain activity retroactively, and beta participants received boosted points. Points may count toward a future distribution, but no conversion terms or TGE date have been published.

Is Drake Live on Monad Mainnet?

Yes. Drake opened its public mainnet on Monad on September 7, 2026, after a whitelisted private beta. Anyone can now connect a wallet, deposit USDC, and trade perpetual futures without applying for access first.

Do I Need Money to Farm Drake Points?

Yes. Drake points come from real mainnet activity, so you need USDC as trading collateral or for vault deposits, plus a little MON for gas. Trading fees apply, so start with an amount you are comfortable risking.

How Does the Drake MON Incentive Campaign Work?

The campaign started with public mainnet on September 7, 2026 and runs for four weeks. Traders share a $100,000 pool paid in MON while still earning Drake points. Individual rewards depend on activity and the campaign rules shown in the Drake app.

What If I Missed the Private Beta?

You can still farm Drake points on public mainnet. Beta wallets got a boost, but trading, vault deposits, and referrals continue to count. Starting now also qualifies you for any remaining weeks of the MON campaign.

Does Drake Have a Token Yet?

No official Drake token exists. Treat any site or post offering a Drake token claim or presale as a scam, and read the airdrops.io safety guide before connecting a wallet to unfamiliar links.

Conclusion

Drake is now open to everyone on Monad, with retroactive points tracking and a $100,000 MON campaign running alongside public mainnet. Fund a wallet with USDC, trade at sensible leverage across several days, and add a vault deposit so your history covers more than volume.

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Requirements

What is Drake?

Drake is a fully on-chain perpetual futures DEX built on Monad, a high-throughput EVM Layer 1. The order book, matching engine, risk engine, and treasury all run directly on Monad.

Drake raised a $1M seed round in September 2025, led by CMS Holdings with most of the round coming from the Monad community. It was also the only perp DEX selected as a finalist at Monad Madness NYC 2024. A private mainnet beta went live in July 2026, open to whitelisted wallets only.

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