Welcome to Drift Protocol's documentation. In these docs, we'll learn about:
Drift Protocol is a decentralised, fully on-chain perpetual swaps exchange built on Solana.
You can use Drift's perpetual swaps to:
and soon to:
Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM (DAMM). The DAMM was pioneered by our team and is a based on a virtual AMM (vAMM) - with its key innovation being that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand. DAMMs, as a result, have the ability to be more flexible than traditional vAMMs and AMMs, which lead to better capital efficiency and reduced slippage.
On Drift, users have the ability to take on up to five cross-margined positions.
For more information about the Drift's Dynamic AMM construction, read our litepaper here.
Drift is now Live on Mainnet. Trade here.