Drift Protocol (DRIFT)
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About DRIFT
Drift Protocol is a Solana-based decentralized exchange offering perpetuals, spot margin trading, and lending with up to 10× leverage. It features a hybrid AMM/orderbook engine, JIT liquidity auctions, cross-collateralization, and an on-chain insurance fund, making it one of the most capital-efficient and composable trading platforms in DeFi.
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News
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Warming up for the Bitcoin 2025 conference in Las Vegas, Strategy founder Michael Saylor was asked to weigh in on the concept of proof-of-reserves. Saylor didn’t mince words, dismissing the idea entirely by stating it “dilutes the security” and calling…
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Blackrock’s Updated Bitcoin ETF Prospectus Reveals Hidden Danger: Quantum Hack Risk
A freshly revised prospectus for Blackrock’s Ishares Bitcoin Trust (IBIT) now includes a cautionary note that the advent of powerful quantum computing—and related developments—could render Bitcoin’s foundational cryptographic safeguards “becoming ineffective.” Blackrock Flags Quantum Computing Risk This week, the debate…
Major Banks Underwrite Circle’s IPO as Company Prepares for NYSE Debut
Circle Internet Group, Inc., the global financial technology firm and stablecoin market leader, announced the launch of its initial public offering (IPO) of 24 million shares of Class A common stock, priced between $24 and $26 per share, with plans…
Cache Wallet Begins Token Sale with Early Demand and Asset Recovery Breakthrough
This content is provided by a sponsor. PRESS RELEASE. San Jose, Costa Rica, May 27th, 2025, Chainwire. In a world where lost seed phrases and inaccessible crypto wallets have cost investors billions, Cache Wallet has set out to turn the…
Frequently Asked Questions about Drift Protocol
What is DRIFT?
DRIFT is the governance and utility token of Drift Protocol, used for trading fee discounts, staking in the insurance fund, and voting on protocol upgrades.
Where can I buy DRIFT?
DRIFT is available on Bitget, HTX, MEXC, and on-chain via Drift's native DEX and Serum AMM pools on Solana.
What is the best DRIFT wallet?
Use Phantom, Solflare, or Backpack for Solana-based storage of DRIFT.
How much leverage does Drift offer?
Drift offers up to 10× leverage on perps and 5× on spot margin.
What is JIT liquidity?
JIT (Just-In-Time) liquidity auctions let market makers supply liquidity only when a trade happens, improving execution without locking capital.
What is the Drift Insurance Fund?
It’s an on-chain pool that covers protocol losses from liquidations; stakers earn yield and help backstop user risk.
What are FUEL points?
FUEL is a non-transferable point system earned via trading and referrals, redeemable for exclusive airdrops and beta access.