Background Drift Protocol is an open-sourced dynamic AMM (DAMM) and decentralised orderbook (DLOB) perpetual swap exchange built on Solana. Drift provides leveraged trading of perpetual contracts for top crypto-assets. Drift Protocol was paused on 2022/05/11 in response to a rapid increase in rate of the withdrawal of user funds. Drift successfully…

Actively provide liquidity on Drift and get paid for it! — Maker Orders are now live on Drift! Two months ago, Drift Protocol launched Limit Orders and heralded the first hybrid AMM-orderbook design with a novel decentralised limit orderbook (DLOB) in DeFi. Today, we announce the launch of Maker Orders. Maker Orders allow users to actively provide liquidity to the exchange…

A review of Drift Protocol for the month of March — Hello fellow Drifters and welcome back to another monthly recap for Drift Protocol. To stay up to date with us in real-time, join us on Discord and Twitter. March Highlights Despite the prolonged crab market that was the majority of March, Drift Protocol saw an impressive increase in cumulative volume and monthly…

A review of Drift Protocol for the month of February — Welcome back to another Drift Protocol monthly recap. To stay up to date in real-time, join us on Discord and Twitter. February Highlights Stats We had some great growth in February; but we’re not stopping there — we’re even more excited for what’s to come in March. In February, we had: Cumulative Volume…

Powered by our novel hybrid Decentralised Limit Orderbook (DLOB) and our keeper bot network. — Drift Protocol is launching the most anticipated feature since our mainnet launch — limit orders! Limit orders on Drift are powered by a hybrid decentralised orderbook (DLOB) model that settles trades against our DAMM. Drift’s focus is building a feature-complete decentralised DEX, that uses crypto-native infrastructure built from the ground-up…

Up to USD$500,000 if you discover bugs or vulnerabilities on Drift! — We have partnered with Immunefi to further strengthen our paramount consideration — the stability and security of our platform. Together, we are rewarding anyone that discover bugs or vulnerabilities within our smart contracts. The threat level is categorised into 4 levels (which determine the amount payable): Critical: Up to USD$500,000;

Apply now for $1,000 USDC for you to degen leverage however you like. — What are Drift Racers, and… why? Drift needs your help. We want you to help grow Drift into the number one decentralised perpetuals protocol across all chains. We want to build out the best trading experience for all of you max degens out there. To do this, we’re founding our first exclusive alpha-testing and trading group…

The conclusion of our Drift Bounty Program and the launch of Drift Grants, with USD$250,000 in grants available. — Conclusion of Bounty Program 31 January 2022 marked the end of our Drift Protocol x Solana Foundation Bounty Program. We had a widely successful campaign with 89 expressions of interest and 65 total bounty submissions. Over USD$70,000 (of the USD$100,000 allocated) will be paid to contributing Drifters.

Setting records and breaking them. — Welcome back to our monthly update! Today, we’re recapping the huge January we had and we’re going to use this opportunity to share the milestones we hit with our loyal community members. We exceeded all expectations by breaking old records, setting new ones; and shattering them as well. We were…