Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Futures Mall
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Drift Protocol and Drift Token Complete Guide
Source: BTCHaber Original Title: What is Drift coin? Original Link: https://www.btchaber.com/drift-coin-nedir/
What is Drift?
The Drift token is the native cryptocurrency of Drift Protocol. Drift Protocol is a decentralized exchange (DEX) built on the Solana blockchain, allowing users to trade cryptocurrencies directly from their wallets and engage in lending and borrowing activities.
How It Works
Hybrid Liquidity Mechanism
Drift employs an innovative hybrid liquidity architecture:
This design enables the platform to offer sufficient liquidity even during market fluctuations.
Risk Management
Drift manages risk through cross-collateral structures. All trades are centrally managed within a global collateral vault, ensuring smooth lending and trading operations.
Assets are weighted based on their volatility. For example, USDC can be used at a 1:1 ratio, while high-volatility assets like Solana may only provide collateral worth 80% of their value.
Users can also use sub-accounts to isolate different trading strategies.
On-Chain Mechanisms
The platform relies on decentralized agents and external data sources:
Uses of Drift Token
Trading Functions
Perpetual Futures: Users can make unlimited bullish or bearish predictions on asset prices, with leverage up to 101x.
Spot Trading: Direct buying and selling of assets, with leverage up to 5x.
Lending and Borrowing: Users can stake assets to earn yields or borrow assets for trading.
Prediction Markets: Forecast outcomes of real-world events.
Founders and Background
Drift was founded by Cindy Leow in 2021 and has attracted notable investors including American entrepreneur Arthur Hayes.
Disclaimer: This article does not constitute investment advice. All investments and trades involve risks; readers should conduct their own research before making decisions.