How it works

Amplify is a leveraging solution that enhances exposure to yield-generating assets through recursive borrowing.

It operates with two asset types:

Collateral Asset: A yield-bearing asset users deposit to open an Amplify position e.g. dSOL, JLP, JitoSOL
Borrowing Asset: Borrowed against the Collateral Asset up to the user’s chosen leverage ratio

Getting Started

Deposit collateral

Deposit a Collateral Asset into Drift Earn’s Borrow/Lend program (Isolated Pool) via Amplify

Borrow

System automatically borrows a Borrowing Asset against it, adjusting up to the intended leverage ratio

Conversion & Increased exposure

System automatically converts the Borrowing Asset into the Collateral Asset, increasing notional exposure and amplifying yield potential

Amplify Fees

Drift does not charge any commissions or fees for using Amplify. However, opening or closing an Amplify position requires swapping one asset to another, which is done via a third-party service that may apply a swap fee.