DeFi Intel

DRIFT token

Token · PageRank 0.0060

Source: drift.trade

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).

RelationConnected entityConfidence
deployed_onSolana95%
supports_tokenDrift Protocol95%
governed-by-tokenDrift Protocol95%
supports_tokenDrift Staked SOL95%
issued_byDrift Protocol90%
issued_byDrift Protocol90%
coversTether Commits $127.5M to Drift Protocol Recovery Plan Following $270M+ Exploit70%
coversClass Action Lawsuit Filed Against Circle Over Drift Protocol $280 Million Hack: Gibbs Mura Law Group70%

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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