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