Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM (DAMM). A Dynamic AMM is based on a virtual AMM (vAMM), but its key innovative is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand. DAMMs, as a result, have the ability to be more flexible than traditional vAMMs and AMMs, which lead to better capital efficiency and reduced slippage.
Drift Protocol
Total Volume
Not Available
Date Launched
December 2021
Fees
Website
Alexa Rank
143
Website status
Last check 1 minute ago
Security Protection
Https