Drift Rewards
Collateral rewards
We incentivize traders who open perp positions using their deposited collateral. This ensures rewards are tied to both providing liquidity and taking active trading positions.
LBTC
LBTC is an SPL token fully backed by BTC from Lombard Finance. Trade using LBTC as collateral to earn yield on Bitcoin + up to $20,000 in monthly incentives
SyrupUSDC
SyrupUSDC is Maple Finance's yield-bearing stablecoin. Trade using SyrupUSDC as collateral to enter into the $100,000 total rewards pool. For additional details on the campaign, please see the Maple blogpost (opens in a new tab)
How Collateral Rewards Work
Note: We use syrupUSDC to illustrate the incentive structure. The same rules, mechanics, and reward calculations apply to any future promotions unless stated otherwise.
Deposit syrupUSDC as collateral for an active perpetual position to start earning rewards.
- Incentives accrue continuously and are distributed among participants who meet both criteria:
- Have syrupUSDC deposited as collateral.
- Maintain an active perpetual position.
Your share of rewards is based on:
min(deposited syrupUSDC, open perp notional)This means rewards are aligned with both your syrupUSDC balance and your trading activity.
Maximizing Collateral Rewards
To earn the most from incentives:
- Keep your open interest (OI) in perpetuals higher than your deposited syrupUSDC balance.
- Maintain active positions during the reward cycle to maximize accrual.
- Monitor your collateral and notional exposure to avoid being capped by the
min()rule above.
Deposit rewards
Earn yield just by depositing supported stablecoins on Drift.
Current assets eligible for rewards: USDS
Borrow rewards
Get rewarded for borrowing assets, effectively borrowing at a cheaper rate.
Current assets eligible for rewards: EURC