DRIFT token
Overview
DRIFT is the native utility and governance token of Drift Protocol, a decentralized perpetual exchange built on the Solana blockchain. It is used for protocol governance, staking to earn fees and rewards, and as collateral.
Within the DeFi Intel graph, DRIFT connects to 8 tracked entities, most strongly to Solana, Drift Protocol, Drift Protocol.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Solana | 95% |
supports_token | Drift Protocol | 95% |
governed-by-token | Drift Protocol | 95% |
supports_token | Drift Staked SOL | 95% |
issued_by | Drift Protocol | 90% |
issued_by | Drift Protocol | 90% |
covers | Tether Commits $127.5M to Drift Protocol Recovery Plan Following $270M+ Exploit | 70% |
covers | Class Action Lawsuit Filed Against Circle Over Drift Protocol $280 Million Hack: Gibbs Mura Law Group | 70% |
Frequently asked questions
What is DRIFT?
DRIFT is the native token of Drift Protocol, a decentralized exchange on Solana. It serves governance, staking, and collateral functions.
What is Drift Protocol?
Drift Protocol is a decentralized perpetual exchange on Solana that enables leveraged trading of cryptocurrencies with automated market making.
How is DRIFT used?
DRIFT is used for voting on protocol governance, staking to earn a share of trading fees and protocol incentives, and as collateral for certain positions.
What is DRIFT connected to?
In the DeFi Intel knowledge graph, DRIFT is linked to 8 other tracked entities, most strongly to Solana, Drift Protocol, Drift Protocol.
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