Drift Staking
Liquid Staking
Drift is a powerful DeFi trading platform on Solana offering leveraged perps, spot trading, and token swaps. Users can also earn yield through lending, staking, and liquidity programs, while developers can build on Drift with robust APIs and SDKs.
Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Drift Staking?
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Exploit/Hacks
None
Info
- Website
- Token: DRIFT
- Tags: Liquid Staking
Key Metrics
- TVL: $208.6M (Rank #67)
- TVL Ranking by Liquid Staking: #14
- Blockchain: Solana, Solana
- Chain TVL
- Solana: $213.26M
- Solana: $208.55M
Risk Assessment
Average
Protocol Code Quality
- Code reviewed by several experienced auditors; Neodyme and OtterSec
- Public team promotes accountability
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 5% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- Low voting power concentration reduces risk
Protocol Design
- Poor mechanisms to mitigate oracle price manipulation
- This protocol is susceptible to risks related to staking a token to secure a network, such as slashing events
Things to know about Drift Staking
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