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Market Cap: $2,626,202,448,079
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TheBlock
2022-06-01 14:39:33

An Overview of Drift Protocol

An Overview of Drift Protocol

Quick TakeIntroduced 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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