Difference between revisions of "Drift"

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Drift Protocol (launched Q4 2021) is a decentralized exchange (DEX) on Solana offering perpetuals swap.  
Drift Protocol is a decentralized exchange (DEX) on Solana for perpetuals swaps. It launched in Q4 of 2021.
== Overview ==
It uses a hybrid dynamic virtual Automated Market Maker (dynamic vAMM, or dAMM<ref>https://driftprotocol.notion.site/Drift-dAMM-deep-dive-ff154003aedb4efa83d6e7f4440cd4ab</ref><ref>https://docs.drift.trade</ref>) and an on-chain decentralized limit order book (DLOB).  




The protocol code is open sourced<ref>https://github.com/drift-labs/protocol-v1</ref> and last audited on 2022/02/16<ref>https://github.com/Zellic/publications/blob/master/Drift%20Protocol%20Audit%20Report.pdf</ref>. Detailed historical and snapshot transaction and state data has also been shared publicly.


It uses a hybrid dynamic virtual Automated Market Maker (dynamic vAMM, or dAMM) and an on-chain decentralized limit order book (DLOB).


== Overview ==
As of April 2022, Drift has 19 perpetual swap markets, averaging 300M-800M volume<ref>https://app.drift.trade/stats</ref> per week (USDC).
As of April 2022, Drift has 19 perpetual swap markets.


Similar protocols include Perpetual Protocol and Audaces (Bonfida) Perps<ref>https://github.com/AudacesFoundation/audaces-perps</ref>.
Similar protocols include Perpetual Protocol and Audaces (Bonfida) Perps<ref>https://github.com/AudacesFoundation/audaces-perps</ref>.


== External links ==
== References ==
[0] - https://docs.drift.trade
 
[1] - http://l.drift.trade/litepaper
 
[2] - https://driftprotocol.notion.site/Drift-dAMM-deep-dive-ff154003aedb4efa83d6e7f4440cd4ab
 
[3] - https://app.drift.trade/stats
 
[4] - https://flatgithub.com/0xbigz/drift-flat-data?filename=data%2Ftrade_history.csv
 
[5] - https://github.com/AudacesFoundation/audaces-perps

Revision as of 23:06, 21 April 2022

Drift Protocol is a decentralized exchange (DEX) on Solana for perpetuals swaps. It launched in Q4 of 2021.

Overview

It uses a hybrid dynamic virtual Automated Market Maker (dynamic vAMM, or dAMM[1][2]) and an on-chain decentralized limit order book (DLOB).


The protocol code is open sourced[3] and last audited on 2022/02/16[4]. Detailed historical and snapshot transaction and state data has also been shared publicly.


As of April 2022, Drift has 19 perpetual swap markets, averaging 300M-800M volume[5] per week (USDC).

Similar protocols include Perpetual Protocol and Audaces (Bonfida) Perps[6].

References

  1. ↑ https://driftprotocol.notion.site/Drift-dAMM-deep-dive-ff154003aedb4efa83d6e7f4440cd4ab
  2. ↑ https://docs.drift.trade
  3. ↑ https://github.com/drift-labs/protocol-v1
  4. ↑ https://github.com/Zellic/publications/blob/master/Drift%20Protocol%20Audit%20Report.pdf
  5. ↑ https://app.drift.trade/stats
  6. ↑ https://github.com/AudacesFoundation/audaces-perps
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