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Drift Protocol is a Solana-based decentralised perpetual swap exchange that operates entirely on-chain. Drift Protocol is the first perpetual swap exchange to use a dynamic AMM. A Dynamic AMM is based on a virtual AMM (vAMM), but its main difference is that it uses repegging and adjustable k techniques to rebalance liquidity in a trading pool based on participant demand.
Drift Protocol has raised $27.3 million in investment from investors including Multicoin Capital and Jump Capital. They have verified that they will launch their token, "DRIFT," and distribute a total of $100 million DRIFT tokens to their customers. When their token becomes available, users that trade, offer liquidity, and collect points on the platform will receive an airdrop.
https://app.drift.trade
Drift Protocol has raised $27.3 million in investment from investors including Multicoin Capital and Jump Capital. They have verified that they will launch their token, "DRIFT," and distribute a total of $100 million DRIFT tokens to their customers. When their token becomes available, users that trade, offer liquidity, and collect points on the platform will receive an airdrop.
https://app.drift.trade
Apr 18, 2024 09:17