Difference between revisions of "Drift (DRIFT)"

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*Started in / Announced on:
*Started in / Announced on:
*[[Testnet]] release:
*[[Testnet]] release:
*[[Mainnet]] release:
*[[Mainnet]] release: [https://www.drift.trade/governance/introducing-the-drift-governance-token 2021]
==History==
==History==
==Audits & Exploits==
==Audits & Exploits==
*[[bug bounty|Bug bounty]] program can be found [insert here].
*[[bug bounty|Bug bounty]] program can be found [https://docs.drift.trade/security/bug-bounty here] (9-8-2024) up to $500.000.
*V2 got [https://docs.drift.trade/security/audits audited] by Neodyme (10-5-2024).
===Bugs/Exploits===
===Bugs/Exploits===
==Governance==
==Governance==
===Admin Keys===
===Admin Keys===
===DAO===
===DAO===
* From their [https://www.drift.trade/governance/introducing-the-drift-governance-token blog] (16-4-2024):
''"The Drift DAO will be a first-of-its-kind, multi-branch DAO, consisting of a [[Realms]] DAO for general protocol development, a Security Council for governing protocol upgrades, and a [[Futarchy]] DAO for funding technical grants."''
===Notable Governance Votes===
===Notable Governance Votes===
===Treasury===
===Treasury===
[https://docs.drift.trade/insurance-fund/insurance-fund-intro Has] a [https://metrics.drift.trade/d/hQYFylo4k/insurance-fund-balance?orgId=1&from=now-30d&to=now Protocol Owned Insurance] [[wallet]] that has been steady climbing to about ~$3M (11-2024). Also has [https://metrics.drift.trade/d/27H9DCM4z/perp-market-metrics?orgId=1&refresh=1m&from=now-90d&to=now Protocol Owned Holdings] of about $20M.
==Token==
==Token==
===Launch===
===Launch===
* [https://www.drift.trade/governance/introducing-the-drift-governance-token Announced] as a governance token (16-4-2024).
===Token Allocation===
===Token Allocation===
* From their [https://www.drift.trade/governance/introducing-the-drift-governance-token announcement] (16-4-2024):
[[File:661e68b80a10be7ce7003d40 Initial $DRIFT Token Allocation v6 (Cindy edits).png|left|thumb]]
===Inflation===
===Inflation===
===Utility===
===Utility===
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*Code can be viewed [insert here].
*Code can be viewed [insert here].
*Built on [[Solana (SOL)|Solana]]
*Built on [[Solana (SOL)|Solana]]
====Transaction Details====
*Capacity ([[TPS]]):
*[[Latency]]:
===How it works===
===How it works===
===Fees===
===Fees===
* A portion of the fees collected within the protocol (denominated in a particular token: USDC, SOL, etc) go into that spot market's [https://docs.drift.trade/about-v2/revenue-pool revenue pool].
===Upgrades===
===Upgrades===
===Staking===
===Staking===
====Validator Stats====
====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
===Other Details===
==Oracle Method==
==Oracle Method==
* [[Pyth Network (PYTH)|Pyth]] is [https://docs.drift.trade/security/risks used] (9-8-2024).
==Their Other Projects==
==Their Other Projects==
* Launched a [[Prediction Market|prediction market]] called BET.
==Roadmap==
==Roadmap==
*Can be found [Insert link here].
*Can be found [Insert link here].
==Revenue==
==Revenue==
==Usage==
==Usage==
* From their [https://www.drift.trade/governance/introducing-the-drift-governance-token blog] (16-4-2024):
''"Starting with $1 million in Total Value Locked (TVL) and less than 100 daily active traders at the time of Drift's launch, Drift now has over $350 million in TVL, more than 175,000 traders, and a cumulative volume of $20+ billion."''
===Projects that use or built on it===
===Projects that use or built on it===
==Competition==
==Competition==
Perp DEXs like [[GMX (GMX)|GMX]], [[DYdX (DYDX)|dYdX]] and such. And [[Prediction Market|prediction markets]] like [[Polymarket]].
==Pros and Cons==
==Pros and Cons==
===Pros===
===Pros===
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===Team===
===Team===
*Full team can be found [here].
*Full team can be found [here].
*Cindy Leow and David Lu are the co-founders
*The Foundation is led by Matt Shaw and its administrator is [https://www.webslinger.io/ Webslinger].
===Funding===
===Funding===


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Making these free wiki pages is fun but takes a lot of effort and time.
Making these free wiki pages is fun but takes a lot of effort and time.


If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.
[[Solana (SOL)|SOL]] tip [[address]]: EWewBNBRpBgbECg76MmwSxpsyDsdJ8eua5UAD3VXtwKL
 
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
[[Category:Exchange]]
[[Category:Exchange]]

Latest revision as of 04:53, 11 November 2024

Perp exchange on Solana

Basics

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

  • From their blog (16-4-2024):

"The Drift DAO will be a first-of-its-kind, multi-branch DAO, consisting of a Realms DAO for general protocol development, a Security Council for governing protocol upgrades, and a Futarchy DAO for funding technical grants."

Notable Governance Votes

Treasury

Has a Protocol Owned Insurance wallet that has been steady climbing to about ~$3M (11-2024). Also has Protocol Owned Holdings of about $20M.

Token

Launch

Token Allocation

661e68b80a10be7ce7003d40 Initial $DRIFT Token Allocation v6 (Cindy edits).png

Inflation

Utility

Burns

Other Details

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].
  • Built on Solana

How it works

Fees

  • A portion of the fees collected within the protocol (denominated in a particular token: USDC, SOL, etc) go into that spot market's revenue pool.

Upgrades

Staking

Validator Stats

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

  • From their blog (16-4-2024):

"Starting with $1 million in Total Value Locked (TVL) and less than 100 daily active traders at the time of Drift's launch, Drift now has over $350 million in TVL, more than 175,000 traders, and a cumulative volume of $20+ billion."

Projects that use or built on it

Competition

Perp DEXs like GMX, dYdX and such. And prediction markets like Polymarket.

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].
  • Cindy Leow and David Lu are the co-founders
  • The Foundation is led by Matt Shaw and its administrator is Webslinger.

Funding

  • Raised $25M in a series B (19-9-2024):

"Series B led by @multicoincap with participation from @blockchaincap, @FoliusVentures, @MaelstromFund, and @primitivecrypto."

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

SOL tip address: EWewBNBRpBgbECg76MmwSxpsyDsdJ8eua5UAD3VXtwKL