Basic Information
| Information | Details |
|---|---|
| Project Name | Drift Protocol |
| Project Website | Drift Trade |
| Project Description | Drift is a decentralized perpetuals exchange that provides users with advanced trading features, deep liquidity, and a hybrid on-chain order book model. |
| Project Ticker | DRIFT |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | retroactive |
| Total Airdrop Amount | 120,000,000 DRIFT tokens (12% of total supply) |
| Number of Eligible Users | ~150,000 |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | April 18, 2024 (Last snapshot for Trader Points) |
| Claiming Started | May 16, 2024 |
| Claiming Ends | 3 months after TGE |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | Not Known |
| Median/Average | Not Known |
| Minimum | Not Known |
Eligibility Criteria
Drift Protocol used a hybrid approach to determine eligibility based on various activity-based metrics:
OG Points for Drift v2 Activity (64%)
- Maker & Taker trading volume
- Insurance Fund staking
- Deposit and borrow activity (including superstakesol)
- BAL deposits with a minimum of $500
- Referral program participation
- Multipliers applied for early and high activity users
Drift Trader Points (30%)
- Earned via trading activity in the Trader Points program (Jan 22 - Apr 18, 2024)
- Encouraged onboarding of market makers and traders
Early Drifters (5.5%)
- Allocations for users who engaged with Drift v1
Keeper Network (0.5%)
- Drift Keepers facilitating the order book with at least $1,000 in matched volume
- Additional bonus for active participation in the 30 days before the snapshot
Sybil Resistance Measures
- Drift partnered with Allium to identify Sybil-like behavior
- Accounts flagged for Sybil activity and wash trading were penalized
- Their allocations were redistributed
Important Links
- Eligibility Checker
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
- Official Announcement: Drift Blog
- Twitter Updates: @DriftFDN
Additional Information
- Bonus Mechanism: Users receive a bonus for delaying claims, unlocking linearly over 6 hours from launch.
- Early Claims: Partial bonuses can be claimed within the first 6 hours, but unclaimed bonus tokens will be forfeited to the DAO.
- Top Drifters: Users with large allocations will have a 3-month cliff and 9-month vesting on remaining tokens after claiming a portion on Day 1.
- Security Warning: The claim process is not live yet. Users should verify links and avoid phishing attempts.