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How to Farm the Drift Protocol Airdrop on Solana
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program ahead of an airdrop. Here's what you need to know.
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program. The points program precedes a future airdrop, where Drift will distribute its governance token to community members in an effort to decentralize the protocol.
To date, Drift has seen over $5 billion in volume from around 90,000 users, equating to over $120 million in total value locked in the protocol. The company closed a $23.5 million Series A last October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others.
Drift points will be distributed to users on a weekly basis, and they’ll be giving out 100 million points per week. The protocol’s team has yet to release information on how many tokens will be distributed through the points program in total.
The points will be generated primarily by a user's trading activity. They’re based on a user's prorated trading volume, as well as other activities—such as whether or not they put up liquidity.
How to Earn Points Drift Points will represent your role in the growth and success of Drift. You’ll be dropped Drift Points weekly based on your trading activity, and can see your rank on the leaderboards. Hint: your trading activity will earn you the most Points Show more
The program will last for three months, but the Drift team reassured their community that past actions would also be rewarded, and that several snapshots had been made already to reward “OG users.”
Drift has openly stated that points will be tied to your prorated trading volume, and that points will be distributed once a week. That means that if in any given week, my activity accounts for 1% of the total volume on Drift, then I will receive 1% of the points distributed that week.
#DriftProtocol #SolanaAirdrop #SolanaTrade #Airdrop #CryptoScoop
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program ahead of an airdrop. Here's what you need to know.
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program. The points program precedes a future airdrop, where Drift will distribute its governance token to community members in an effort to decentralize the protocol.
To date, Drift has seen over $5 billion in volume from around 90,000 users, equating to over $120 million in total value locked in the protocol. The company closed a $23.5 million Series A last October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others.
Drift points will be distributed to users on a weekly basis, and they’ll be giving out 100 million points per week. The protocol’s team has yet to release information on how many tokens will be distributed through the points program in total.
The points will be generated primarily by a user's trading activity. They’re based on a user's prorated trading volume, as well as other activities—such as whether or not they put up liquidity.
How to Earn Points Drift Points will represent your role in the growth and success of Drift. You’ll be dropped Drift Points weekly based on your trading activity, and can see your rank on the leaderboards. Hint: your trading activity will earn you the most Points Show more
The program will last for three months, but the Drift team reassured their community that past actions would also be rewarded, and that several snapshots had been made already to reward “OG users.”
Drift has openly stated that points will be tied to your prorated trading volume, and that points will be distributed once a week. That means that if in any given week, my activity accounts for 1% of the total volume on Drift, then I will receive 1% of the points distributed that week.
#DriftProtocol #SolanaAirdrop #SolanaTrade #Airdrop #CryptoScoop
Solana-based DEX Drift protocol is launching a DRIFT governance token and will airdrop it to users soon.
The token is part of a points program that attracted traders, borrowers, lenders, and airdrop farmers to Drift. Most of the 100 million tokens designated for the airdrop will go to longtime users.
Disclaimer: This post is for informational purposes only and does not constitute financial or investment advice. ALWAYS DYOR
#Solana #DRIFT #DriftProtocol #Airdrops #BullorBear
The token is part of a points program that attracted traders, borrowers, lenders, and airdrop farmers to Drift. Most of the 100 million tokens designated for the airdrop will go to longtime users.
Disclaimer: This post is for informational purposes only and does not constitute financial or investment advice. ALWAYS DYOR
#Solana #DRIFT #DriftProtocol #Airdrops #BullorBear
