DRIFT PROTOKOLÜ - SOLANA HYPE <3
Good day, friends. How are you? I hope you are fine. I hope you have a profitable day. Today I wanted to write about the Drift protocol project in the Solana network for you.
Then let's start our transactions by going to https://app.drift.trade/
Friends, this project has everything. Futures, Spot buying and selling, Borrowing and lending, Liquidity... Stuck in 4X4 jeep mode. :)
Now that we have connected our wallet, let's start examining the platform. First, let's click on the trade tab on our site. Here we are presented with three options.
1- Perpetuals: This section is where we will make our futures transactions. You will agree that futures transactions always earn more points. So I highly recommend using it here.
2-Spot: You can buy and sell coins here. Actually there isn't much of a choice. There are coins such as sol, jito, pyth. If you wish, you can hold it by making a small purchase. This action will earn you points.
3-Swap: I think there is no need to explain this part. An area you will use to exchange coins.
Now that we have finished the Trade tab, we can switch to the EARN tab.
1- We all know the Lend-borrow option, which is the first option here. In this section, you can deposit any coin you want and borrow any coin you want. You need to pay attention to your wallet health. Otherwise, you run the risk of becoming liquid. Please remember this warning.
2-Insurance Fund Vaults: Stake your assets into an insurance fund vault and earn a portion of the fees from perp trades, borrows, and liquidations. The Insurance Fund is the protocol's backstop to maintaining the solvency of the protocol.
Drift protocol made such a statement to us. Actually, what matters here is the amount of money you deposit. I don't think it will leave a small amount of profit. Of course, it can be a good factor for airdrop, but.
3-Drift Liquidity Provider (DLP):
With DLP, anyone can participate in market making on Drift. By contributing liquidity to a perpetual market, you’ll take on a share of the vAMM’s positions as a counterparty to Drift traders. As new trades are filled, your positions are automatically adjusted. LPs earn a share of trading fees...
This is the description of our project. There is real diversity here. There are many coins. I think this part is also important for the volume of the site. You should try the fee rate it will give you :) Or, where the hype is almost there, it might make sense to add liquidity and of course points for airdrop :)
These are the operations we can do in our project right now. You can see your history, open positions and balance from the Overview tab. You can carry out all your follow-up work from this section.
I think people who have really worked on the drift protocol will be happy. That's why you shouldn't pass. Of course, these are all my personal thoughts.
I hope I explained it properly and it will be useful for you.
I hope 2024 will be very profitable for all of us. I wish everyone a good day.