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Drift Protocol
Drift Protocol company profile providing information on funding, team members, and major milestones.
Last updated 3 months ago
Company Info
Drift Protocol is a decentralized perpetual futures exchange (DEX) built on the Solana blockchain. It is made for fast trading, low fees, and high performance in crypto markets. The platform brings together perpetual futures, spot trading, borrowing, lending, staking, and liquidity provisioning in one DeFi trading system. Drift has become one of the most well-known Solana DeFi protocols because of its hybrid liquidity design, strong on-chain liquidity, and advanced cross-margin risk engine.
Key Features of Drift Protocol:
-
- Supports cross-margin trading, allowing users to use one collateral pool across multiple positions for better capital efficiency.
- Offers spot trading and token swaps, so users can manage both futures and spot strategies in one place.
- Includes borrowing and lending features, letting users earn yield or borrow crypto against their assets.
- The protocol is self-custodial and transparent, with all trades done on-chain using Solana wallets like Phantom and Backpack.
- Supports cross-margin trading, allowing users to use one collateral pool across multiple positions for better capital efficiency.
Drift Protocol Milestones
| Year | Key Achievements | |
| 2021 | V1 Launch | Started as a perpetual swap DEX on Solana, built on a dynamic AMM model. |
| 2022 | V2 Architecture | The protocol was rebuilt with a “Liquidity Trifecta” design, and lending support was added. |
| 2023 | Product Expansion | Superstake and Drift Earn were introduced, turning it into a more complete DeFi hub. |
| 2024 | Token & DAO | The $DRIFT token went live, and the project shifted toward a community-led DAO structure. |
| 2025 | V3 Performance | Core systems were upgraded for up to 10x faster execution and much lower slippage. |
FAQs
Company Details
Launch Date
Jan-2021
Total Employees
- + 1
David Lu, Cindy Leow, Chris Heaney and 1 Others
Contact Details
Singapore
Social Media
Primary Category
Board Members and Advisors
Minh Don
Product Manager
All Members
David Lu
Co‑Founder
Cindy Leow
Co‑Founder
Chris Heaney
Co‑Founder
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# | Investors | Funding Date | Funding Round | Fund Raised |
|---|---|---|---|---|
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