Drift Protocol

Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM. A Dynamic AMM is based on a virtual AMM (vAMM), but it's key innovation is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand.

Drift Protocol has raised $27.3M in funding from investors like Multicoin Capital and Jump Capital. They have confirmed that they will launch their token, “DRIFT,” and airdrop a total of $100M DRIFT tokens to its users. When their token goes live, users who make trades, provide liquidity, and collect points on the platform will receive an airdrop.

Step-by-Step Guide:
  1. Visit the Drift Protocol dashboard.
  2. Connect your Solana wallet.
  3. Now, make trades on the platform.
  4. Users can do Perpetual and Spot trading.
  5. Go to “Earn”, click on DLP and provide liquidity to the available pools.
  6. Users who make spots and perpetual trades and provide liquidity on the platform will get points.
  7. They have confirmed that they will launch the “DRIFT” token and airdrop a total of $100M tokens to early users. The eligibility criteria and instructions for claiming your allocation will be available soon.
  8. For more information regarding the token and airdrop, see this article.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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Estimated Value

n/a

Tokens per Claim

n/a

Max. Participants

Unlimited

Overview


  • Website: https://www.drift.trade/
  • Ticker: DRIFT
  • Total Supply: 1,000,000,000 DRIFT
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