1) DAMM (vs orderbook): Drift’s product uses a virtual Dynamic AMM (DAMM). The virtual AMM enables instant liquidity on trades from day 1 without reliance on market makers, and our dynamic AMM (DAMM) features Drift Cover, 1. a novel fee redistribution mechanism and 2. an adaptable k that adjusts market liquidity to user open interest and demand for trading. Read this post for more information on our DAMM. 2) Cross-Margining (vs Isolated): Drift allows for multiple positions to be taken with the same pool of USDC collateral. This allows for convenience of collateral management, with profits from a single position being able to support margin for other positions.
AMMs are crypto-naive and operate on full mathematic transparency, pushing away from the blackbox dynamic liquidity on traditional markets.
Limit orders, take profit, and stop loss are actively being tested for the protocol. Feel free to try the open devnet enviroment here: https://limit-orders.drift.trade/
You can join our Discord to give feedback or start conversations around our product. For more structured feedback you can also submit feedback to our Canny board. We're constantly on the lookout for product feedback!
There are currently no $DRIFT tokens in circulation, please do not fall for scams.
There are currently no public plans for an IDO.
We have signed an audit with Trail of Bits planned for Q1 2022.
Prior to that, below are some security measures implemented to ensure code safety:
Yes! Once our code is open-sourced, we will be sponsoring grants to build on top of Drift's SDK and protocol. Some examples include a statistics dashboard or automated trading strategies
Join our Discord for the time being for community events. Ambassador program is TBA. You can also check out our Drift SDK Documentation where you can learn how to build bots and trade on Drift's mainnet programmatically! We also regularly start focused research discussions on our Discord and Twitter, so feel free to join anytime.
You can win them in community events or participate in our partners' events! Many tickets are also being distributed to those who have been early contributers of Drift.
Solana blockchain + storage needs SOL to cover costs of creating necessary accounts. This is approximently 0.015 SOL to create the storage for a Drift Account.
Please refer to our Legal & Regulation section for a comprehensive guide on Drift's terms and policies.
Yes. The following users are restricted from accessing or using the Service:
Drift Protocol is based off-shore.
The protocol is made up of free, public, open-source or source-available software including a set of smart contracts that are deployed on various blockchain networks, including, without limitation, the Solana blockchain.
Drift Protocol has a numerous core contributors who have made initial contributions to the protocol, but do not own or control the protocol.