Solana-based decentralized exchange Drift shared its governance token and plans to show off 100 million tokens. The governance token will enable voting on future protocol decisions coordinated by the Drift Foundation and proposed by community participants. The April 16 announcement stated that 180,000 users would receive 10% of DRIFT’s total supply of 1 billion based on interactions with the SOL platform in 2021. 📣
Like many projects, Drift is in 'airdrop season', which gives free tokens to early backers. Additionally, DEX has approved a multi-branch decentralized autonomous organization (DAO) system that aims to democratize operations.
The Realms DAO will be tasked with protocol development, security council elections, recommending key changes, and ensuring the platform is safe for users' assets. According to DefiLlama, the exchange garnered $20 billion in volume and $248 million in total value.