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Launching DRIFT marks a significant step forward in decentralizing Drift, acknowledging loyal Drifters, and empowering the community with a voice in the protocol's development.
With Drift being the leading perpetuals DEX and a core Solana DeFi protocol, empowering Drifters will not only take Drift to the next level but also push the boundaries of what’s possible on Solana. 12% of the tokens, amounting to 120 million tokens, will be distributed to eligible Drifters based on their activity on the platform.
More information about DRIFT and governance can be found here: https://www.drift.trade/governance/introducing-the-drift-governance-token
Historically, airdrop claims have caused network congestion, resulting in a suboptimal user experience as thousands of users and bots rush to claim.
To provide the best experience and further recognize loyal Drifters, a unique bonus mechanism has been implemented. All eligible Drifters have two components to their airdrop:
The initial allocation is available at launch, and the bonus unlocks linearly over 6 hours. Unlocking starts immediately at launch and stops the moment you claim your allocation.
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By waiting the full 6 hours, Drifters can double the number of tokens they can claim. If you claim before the full 6 hours has elapsed, the locked bonus tokens are forfeited and returned to the DAO.
Bonuses fully unlock at 6pm UTC (2pm EST).
You can use your DRIFT across the Solana DeFi ecosystem:
The next step for the Drift Foundation is spinning up governance. Drift has implemented a novel multi-branch governance structure to more effectively govern the protocol. Here is a high level of each of the governance branches:
You can learn more about governance here.
DRIFT will be central to the governance process and directing the future of Drift. More information will be released soon.
