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Drift Profile picture
Drift
@DriftProtocol
Trade perps on Solana with ultimate performance: Deep liquidity, multi-asset collateral and yield on all deposits.
Aug 19, 2024 • 8 tweets • 3 min read
Introducing BET: The First Capital-Efficient Prediction Markets on @solana

Bet bigger on the future.
Hedge on a unified platform.
Earn yield from your positions. Prediction markets are DeFi’s next frontier, merging trading with real-world outcomes.

With today’s launch of BET, Drift transforms global sentiment shifts into tradeable, decentralised foresight.

This is the future of on-chain trading. Image
Jul 17, 2023 • 5 tweets • 2 min read
1/ Introducing Leveraged Swaps on Drift!

Using the power of flash loans and @JupiterExchange, Drift traders now have access to the best prices on Solana and up to 5x leverage with just one click! 👾 https://t.co/5iBenTXU5ttwitter.com/i/web/status/1…
Image 2/ With Leveraged Swaps on Drift users can:

- Swap between any supported pair with up to 5x leverage
- Get the best price/lowest slippage for your swap, powered by Jupiter
- All in your Drift account
Aug 2, 2022 • 14 tweets • 5 min read
Yesterday @Fiskantes renewed his bullish thesis on DEXs for decentralised derivatives such as perpetual futures.

So, why do decentralised derivatives make sense?

The answer is simple 🧵 The main reason for decentralised derivatives such as perpetual futures are:

1️⃣ Self-custody

2️⃣ Permissionlessness (no KYC)

3️⃣ Self-sovereignty

➡️ DeFi rails (Drift) > CeFi rails (Binance, Coinbase, FTX & Kraken)

cc: @aeyakovenko

Aug 17, 2021 • 16 tweets • 4 min read
1/ Drift Labs is excited to announce a new brand that mirrors the team's long-term vision of a lightning fast, decentralised derivatives protocol.

@DriftProtocol brings on-chain, cross-margined perpetual futures to @solana. Making futures DEXs the best way to trade. Image 2/ A brief history on derivatives -- the first modern derivatives exchange operated in 18th century Edo Japan, as the Dōjima Rice Exchange, where rice farmers, merchants and brokers traded the world's first cash-settled commodity futures through a central clearinghouse. Image
Jun 16, 2021 • 11 tweets • 3 min read
👉 🧵 A Primer on Perpetual ♾️Swaps:

1/ A perpetual swap is a type of delta-one futures contract which has no expiry date. The contract has no intrinsic value and instead has a mark price, which is used to calculate PnL (Profit and Loss) and trigger liquidations. 💥 2/ Perpetual swaps make it intuitive for traders to use futures as they never need to be rolled. Since perpetuals are just contracts they can deviate from their underlying price so stay tethered to their spot prices in terms of their premiums with a funding rate mechanism. ⚙️