Drift is constructing a decentralized perpetual protocol utilizing the dynamic vAMM (DAMM) mechanism on Solana. Drift V2, introduced in mid-2022, has quickly risen to the top 5 perps in terms of TVL, thanks to its innovative hybrid liquidity solution.The protocol provides various derivative markets, including perps, spot, lending, etc.

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The fundraise will be directed towards expanding Drift’s product lines as well as building out further infrastructure that will bring more users and liquidity into the ecosystem, with the goal of being the largest perpetuals venue in all of crypto. Despite market challenges, Drift is consistently pushing all-time highs for volume, open interest, TVL and user metrics.

Drift Protocol

Drift Protocol brings on-chain, cross-margined perpetual futures to Solana.

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