Difference between revisions of "Drift (DRIFT)"
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===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=== | ||
Revision as of 04:53, 11 November 2024
Basics
History
Audits & Exploits
- Bug bounty program can be found here (9-8-2024) up to $500.000.
- V2 got audited by Neodyme (10-5-2024).
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
- Announced as a governance token (16-4-2024).
Token Allocation
- From their announcement (16-4-2024):
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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
- Launched a prediction market called BET.
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."
- Announced a $23.5m Series A led by Polychain Capital with participation from the Solana founders (Anatoly Yakovenko and Raj Gokal), Ethereal Ventures (Consensys) and Folius Ventures, bringing Drift’s total funding to date to $27.3m.
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
