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    Drift (DRIFT): A Solana-Based DEX for Perpetual Futures

    Intermediate
    DeFi
    Explainers
    Altcoins
    May 30, 2024
    10 min read
    0

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    Detailed Summary

    One of the key benefits of blockchain technology is its ability to offer unique investment opportunities. Drift hopes to explore this potential by creating an exciting new decentralized exchange (DEX). This project aims to incorporate a variety of useful features, like backstop AMM liquidity and perpetual futures. Can Drift distinguish itself from other exchanges and launch its system just in time to attract new users? This guide will help you learn all about the intriguing design of the Drift ecosystem.

    Key Takeaways:

    • Drift is a decentralized exchange that offers features like spot trading, market makers and perpetual swaps. 

    • Drift is a DEX on Solana, and is entirely open source.

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