Drift Trade
Derivatives
Drift brings on-chain, cross-margined perpetual futures to Solana. Making futures DEXs the best way to trade.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Drift Trade?
Ready to earn 15% yield or more with Exponential?
InvestInformation
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Tags: Derivatives
Key Metrics
- TVL: $821.3M (Rank #36)
- TVL Ranking by Derivatives: #2
- Blockchain: Solana
- Chain TVL
- Solana: $821.25M
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by several experienced auditors
- 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
- Basic controls to prevent oracle price manipulation
- This protocol is susceptible to risks related to decentralized derivatives, such as LPs serving as the counterparty for all platform traders
Things to know about Drift Trade
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