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Drift (DRIFT): A Solana-Based DEX for Perpetual Futures

Intermediate
DeFi
Explainers
Altcoins
May 30, 2024
10 min read
0

One of the key benefits of blockchain technology is its ability to offer unique investment opportunities. Drift hopes to explore this potential by creating an exciting new decentralized exchange (DEX). This project aims to incorporate a variety of useful features, like backstop AMM liquidity and perpetual futures. Can Drift distinguish itself from other exchanges and launch its system just in time to attract new users? This guide will help you learn all about the intriguing design of the Drift ecosystem.

Key Takeaways:

  • Drift is a decentralized exchange that offers features like spot trading, market makers and perpetual swaps. 

  • Drift is a DEX on Solana, and is entirely open source.

  • Looking to trade Drift tokens? Bybit now offers both the DRIFT/USDT Spot trading pair and DRIFTUSDT Perpetual contracts. To celebrate this listing, Bybit is holding two exclusive events where you can earn a share of the 700,000 DRIFT prize pool.

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