Drift Protocol v2 is an open-sourced, decentralised exchange built on the Solana blockchain, enabling transparent and non-custodial lending, borrowing, and trading of cryptocurrencies. At its core, it is a perpetual DEX with an automated market maker (AMM) that significantly improves the trading experience.
Drift is a decentralized exchange that allows users to trade directly without a third party. Users can trade perpetual futures, spot trades, swaps, and more. Additionally, Drift provides risk management tools, including stop-loss and take-profit orders, within its trading interface.
$DRIFT is the native token of the Drift Protocol. Holders can engage in governance, enabling users to participate in the platform's decision-making processes.
Traders can use a diverse range of assets as collateral, enhancing capital efficiency and providing more opportunities for strategic trading. This flexibility is a significant advantage for those looking to maximize their trading potential. Moreover, Drift offers up to 10x leverage, enabling traders to amplify their positions and potentially increase their returns.
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