Drift Protocol, the largest perpetual swap futures exchange on Solana, launched a points program ahead of an airdrop.
What is Involved?
The points will be generated primarily by a user’s trading activity. They’re based proportionally on the trading volume of the user. Points can also be distributed based on the Liquidity provided by a user.
Drift points will be distributed to users every week, and they’ll be giving out 100 million points per week. The protocol’s team has yet to release information on how many tokens will be distributed through the points program in total.
Find Raise?
Yes, Drift Protocol raised $23.5 million in their Series A funding last October, notable investors include; Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others.
Drift has recorded over $5 billion in volume from around 90,000 users, equating to over $120 million in total value locked in the protocol.
Currently, Drift Protocol appears to be focused on four key metrics: total volume, the number of users, cumulative trades, and the total value locked (TVL). You can earn points for fulfilling either of these metrics.
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