How you can Farm the Drift Protocol Airdrop on Solana

Drift Protocol, the biggest perpetual swap futures exchange on Solana, just launched a points program. What exactly program precedes the next airdrop, where Drift will distribute its governance token to community people in order to decentralize the protocol.

Up to now, Drift has witnessed over $5 billion in volume from around 90,000 users, equating to in excess of $120 million as a whole value kept in the protocol. The organization closed a $23.5 million Series A final October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, amongst others.  

Drift points is going to be given to users every week, and they’ll give out 100 million points each week. The protocol’s team has yet to produce info on the number of tokens is going to be distributed with the points enter in total.

What exactly is going to be generated mainly with a user’s buying and selling activity. They’re with different user’s prorated buying and selling volume, along with other activities—such as whether they set up liquidity.

This program can last for 3 several weeks, however the Drift team reassured their community that past actions would be also rewarded, which several snapshots have been made already to reward “OG users.” One team member also required to Twitter (also known as X) to allow users realize that this program may even finish in under three several weeks, but no more than that.

How can you farm it?

Drift has freely mentioned that points is going to be associated with your prorated buying and selling volume, which points is going to be distributed once per week. This means that if in almost any given week, my activity makes up about 1% from the total volume on Drift, i then will get 1% from the points distributed that week.

A great guideline when trying to puzzle out the way a protocol will weigh different actions inside a points program or airdrop would be to consider exactly what the protocol’s goals are.

At its current stage, Drift Protocol seems to become centered on four key metrics: total volume, the amount of users, cumulative trades, and also the total value locked (TVL). With this thought, to farm this airdrop, I wish to do actions which will increase individuals figures.

Within this situation, many of these values increase as volume increases—so it’s reliable advice that the specific game here’s buying and selling volume. Drift is really a perpetual futures exchange, so to get this done all that you should do is create a couple of trades!

Your final consideration: Drift Protocol doesn’t serve U.S. residents, therefore if you’re within the good ol’ Red, White-colored, and Blue, then you’ll need to sit that one out.

Edited by Andrew Hayward