Charlie Garcia
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.
- Visit the Drift Protocol dashboard.
- Connect your Solana wallet.
- Now, make trades on the platform.
- Users can do Perpetual and Spot trading.
- Go to “Earn”, click on DLP and provide liquidity to the available pools.
- Users who make spots and perpetual trades and provide liquidity on the platform will get points.
- 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.
- 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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