Drift
Drift Protocol
The largest perp DEX on Solana — offers cross-margined perpetuals, spot, and stablecoin lending via Insurance Fund + JIT auctions.
Drift uses a hybrid orderbook + AMM design with just-in-time (JIT) auction-style fills. Stablecoin yield surface includes USDC supply markets and the Drift Strategic Reserve Fund.
Related terms
- Perpetual (perp)A futures contract with no expiry, kept anchored to spot via the [[funding-rate]].
- SolanaA high-throughput Layer-1 with sub-second finality — large stablecoin float, distinct ecosystem from EVM chains.
- AMM (automated market maker)A smart contract that prices assets via a pricing curve over a pool of reserves rather than an order book.