About
Drift Protocol is a decentralized perpetual exchange (DEX) built on the Solana blockchain. It aims to provide a robust and efficient platform for users to trade perpetual futures contracts with deep liquidity and low latency. Following an exploit in April 2023, Drift announced a collaboration with Tether and other partners for a proposed support package to facilitate its relaunch as a leading USDT-based perpetual DEX on Solana.
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Frequently Asked Questions
What does Drift Protocol do?
Drift Protocol is a decentralized perpetual exchange (DEX) built on the Solana blockchain. It aims to provide a robust and efficient platform for users to trade perpetual futures contracts with deep liquidity and low latency. Following an exploit in April 2023, Drift announced a collaboration with Tether and other partners for a proposed support package to facilitate its relaunch as a leading USDT-based perpetual DEX on Solana.
How much funding has Drift Protocol raised?
Drift Protocol has raised a total of $148M in funding. The most recent round on record is Strategic.
Where is Drift Protocol headquartered?
Drift Protocol is headquartered in Miami, Florida, USA.
When was Drift Protocol founded?
Drift Protocol was founded in 2021.
What industry does Drift Protocol operate in?
Drift Protocol operates in Cryptocurrency, Decentralized Finance (DeFi), Blockchain, Financial Services.