Discover the best DeFi opportunities with expert research and risk insights.
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?
Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Tags: Derivatives
Key Metrics
- TVL: $902.8M (Rank #43)
- TVL Ranking by Derivatives: #2
- Blockchain: Solana
- Chain TVL
- Solana: $902.76M
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
Drift Trade Pools
