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- Volume 24h
- $5,420
- Open Interest
- $116K
Asset Categories
- Crypto
- Pre-Launch Tokens
Protocol Info
Launch Date
Dec 19, 2022
Raised
$52.5M
Open Source
Fully Open Source
Last Audit
Jun 27, 2024
Restricted Regions
No Restrictions
Trading and orders
Markets, leverage and the controls available before you enter a position.
- Order Matching Model
- On-chain Clob
- Margin Modes
- Isolated Cross
Costs and funding
Trading charges, discounts and the cost of keeping a position open.
- Trading fee model
- Maker/Taker
- Maker Fee (Base)
- -0.003%
- Taker Fee (Base)
- 0.035%
- Funding Rate Interval
- 1 Hr
- Fee Discount Mechanism
- Volume Tiers, Referral
- Variable Pair-Fee Schedule
- Yes
More about costs and funding
- Funding Rate Calculation
- Dynamic
- Gas Fees — Order Management
- Swift: takers sign orders off-chain (gas-free placement); keepers/market makers bundle and submit on-chain, paying gas on fills
- Fee Inclusion Notes
- Account creation rent ~0.035 SOL plus dynamic excess fee during sybil activity (both reclaimable); direct begin_swap/end_swap swaps charged no trading fee; swaps routed through the VLP hedge LP pool carry dynamic in/out fees; optional builder fee charged on top of taker fee
Collateral and exits
What you can deposit, where funds are held and how you get them back.
- Withdrawal Settlement Time Median
- Instant
- Yield on Idle Collateral / Equity
- Other
Security and risk
Audits, liquidation rules and who can change the system.
- Most Recent Audit Date
- Jun 27, 2024
- Oracle Provider(s)
- Pyth Network, Proprietary Oracle
- Open Source Code
- Fully Open Source
Token and rewards
Token utility, points and referral programmes available to traders.
- Native token lifecycle
- Launched
- Has Points Program
- Yes
- Points Earning Mechanism
- Drift Points launched 2024-01-23 as a forward-looking trader/MM programme with the first weekly drop on 2024-02-02; methodology undisclosed until end; stated max duration 3 months. Weekly pool up to 2M points (750k taker / 1.25m maker). OG Points were promised for pre-Jan 22 2024 activity (IF staking, deposits, borrow/lend, super stake). Activity counted through the 2024-04-18 airdrop snapshot; the Drift Trader Program then continued tracking taker/maker volume. FUEL (Season 2) ran from ~June 2024 and became redeemable for DRIFT on 2025-06-30 (min 20,000 FUEL; claim deadlines 2025-11-14 / 2026-11-14).
- Rewards Programs
- Trading Rewards, Referrals, Token Staking
Venue notes
On 2026-08-28 app.drift.trade redirected to Velocity Exchange (Lumen Collective Ltd). Velocity terms list Canada as a restricted territory.
Fee tiers
Fee Model
Maker/Taker
Fee Discounts
Volume Tiers,referral
Zero Fee Trading
-
Variable Pair Fees
Yes
Weighted Vol Days
30
Withdrawal Delay
Instant
Funding Interval
1 Hr
Funding Mechanism
Dynamic
Stake & Volume-Based Fee Tiers
| Tier | 30d Volume | Staked DRIFT | Maker Fee | Taker Fee | Discount |
|---|---|---|---|---|---|
| 1 - Rookie | <$2m | 0+ | -0.0025% | 0.0350% | 0% |
| 2 - Kickstarter | >$2m | 1,000+ | -0.0025% | 0.0300% | 5%+ |
| 3 - Racer | >$10m | 10,000+ | -0.0025% | 0.0275% | 10%+ |
| 4 - Elite | >$20m | 50,000+ | -0.0025% | 0.0250% | 20%+ |
| 5 - Master | >$80m | 100,000+ | -0.0025% | 0.0225% | 30%+ |
| 6 - Champion | >$200m | 250,000+ | -0.0025% | 0.0200% | 40%+ |
