A Solana-based Perpetual Swaps platform, Drift Protocol, has introduced a rewards program, “Drift Points,” ahead of its token launch.
Running until March, users can earn weekly points based on their trading volume and activities like market making. Approximately 100 million Drift points will be issued monthly.
Drift plans a progressive decentralization, introducing a governance token post-program. The token, expected shortly after March, aligns with Drift Points, yet specifics remain undisclosed.
Inspired by Jito Network’s success, Drift, Solana’s ninth-largest DeFi protocol, boasts over $113 million total value locked and $4 billion trading volume.
Drift, founded in 2021, secured $23.5 million in Series A funding in October 2023 and anticipates launching new features, including a redesigned mobile app and governance modules.
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