Drift Protocol Unveils Points Rewards Preceding Token Launch

Drift Protocol's rewards program, running till March, offers users weekly points based on trading volume and activities.

Written By:
Ronak Kumar

Last updated: January 23, 2024 11:04 AM

Published 2024-01-23

A Solana-based Perpetual Swaps platform, Drift Protocol, has introduced a rewards program, “Drift Points,” ahead of its token launch.

Fair. Rewarding. Fun. Fast.

Details dropping tomorrow, stay tuned Driftors 👀 pic.twitter.com/SL43kTEv0z
— Drift (@DriftProtocol) January 22, 2024

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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