June 1, 2022, 10:39AM EDT
• 7 min read
Quick Take
- Introduced by Perpetual Protocol in 2020, virtual AMM’s have become a popular framework for experimentation with on-chain perpetual swaps.
- Drift is a protocol for on-chain perpetual swap liquidity on Solana.
- Leverages a modified vAMM implementation with repegging and dynamic liquidity (termed a dynamic AMM or DAMM), Drift attempts to solve some of the shortcomings of previous vAMM iterations.
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