An Overview of Drift Protocol

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.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here