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Drift
Drift is an all-in-one decentralized exchange (DEX) on Solana. It allows users to trade perpetual futures with high leverage, earn yield on various assets, and participate in prediction markets. The platform aims to provide a CEX-like experience on-chain for all types of users looking to build wealth.
Distributed
Description
Drift is a comprehensive decentralized exchange (DEX) built on the Solana blockchain, aiming to deliver a user experience that rivals centralized exchanges (CEXs) while remaining fully on-chain. It leverages Solana's high-speed infrastructure to offer lightning-fast trade execution. The platform's core features include a cross-margin system that allows users to utilize over 20 different assets as collateral, which also automatically earn yield through lending protocols. Drift provides deep liquidity for trading through a Just-In-Time (JIT) liquidity mechanism, ensuring minimal slippage and low fees for orders of any size. Traders can access over 40 markets with up to 20x leverage, with leverage up to 50x available for major assets like SOL, BTC, and ETH. Beyond trading, Drift offers multiple avenues for earning yield, including staking and providing liquidity to Market Making Vaults. It also features a prediction market for betting on real-world events. The protocol's security is a top priority, evidenced by multiple audits from leading security firms such as Trail of Bits and Neodyme.Grant Funding
VC Funding
None
2024
$0
$25M