Drift

From DefiLlama
Revision as of 23:29, 21 April 2022 by 0xBigDaddy (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

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
Retrieved from "https://wiki.defillama.com/w/index.php?title=Drift&oldid=198"