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.
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Drift Protocol has partnered with Ondo Finance to integrate Rehypothecated Warehouse Assets (RWAs) into Solana DeFi.

As a result, holders of USDY on Solana will be able to use it as margin for trading perpetuals on Drift Protocol and lend/borrow on the platform, creating a new level of capital efficiency.

This partnership aims to bring more assets on-chain and increase their utility.

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Drift Foundation has launched its DRIFT token and opened airdrop claims, offering 120 million tokens, 12% of DRIFT's total supply, with a 2% bonus, exceeding the initial allocation.

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Drift Protocol is launching a new prediction marketplace centered around the upcoming U.S. Presidential election.

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Drift Protocol has integrated the Jupiter Exchange Liquidity Provider token ($JLP) on their platform.

This integration provides additional utility for $JLP holders, allowing them to earn yield by depositing the token and use it as collateral for trades on Drift, a decentralized exchange for Solana assets.

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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

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