Drift DEX is a cryptocurrency exchange built using decentralised infrastructure, enabling noncustodial trading of cryptoassets.

Drift is building a full-suite DeFi trading experience with spot swaps, derivatives (perpetual futures), borrowing/lending and LP under one umbrella.

Deposit any asset into Drift to:

• trade perpetual swaps with 10x leverage,
• earn deposit yield,
• stake,
• provide liquidity,
• swap your spot

all while using a single pool of capital.

Drift's powerful cross-margining engine gives traders maximal capital efficiency under a single platform. Drift is powered by the Solana network.

Drift's core product is its perpetual futures trading platform with 10x leverage. With on-chain perps, you can long or short BTC, ETH, SOL and other assets with 10x+ leverage, while maintaining custody over your own funds. Drift's v1 Perp DEX was launched in November 2021, and has since traded over $10B and powered 15,000 users. Drift v2 will launch in mid September 2022.

Drift supports borrow and lending of assets via its decentralised money markets. Drift's money markets also enables cross-collateral on perpetual futures. All deposited capital is able to earn yield on deposits from borrows and trade with leverage via perpetual swaps. Lenders provide liquidity to the market to earn yield on their cryptoassets, while borrowers are able to borrow from available liquidity pools in an overcollateralised fashion. Drift's borrow/lend products will launch with v2 in early October 2022.

Drift Protocol is a decentralised liquidity layer powered by a validator-like Keeper Network.

Keepers are a network of agents and market-makers responsible for providing Just-In-Time (JIT) liquidity to traders on Drift. Keepers provide institutional-grade liquidity to takers, allowing for orders of any size to be matched and filled within the Keeper Network.