# Drift Protocol > Built for Traders. Engineered for Execution. Drift Protocol is an open-source decentralized exchange on Solana offering cross-margined perpetual futures trading with advanced risk management. Drift Protocol provides decentralized perpetual futures trading on Solana with cross-margin capabilities, advanced order types, and risk management features. It combines traditional finance market structure with DeFi composability, offering spot trading, perpetual futures, and yield generation through a single unified margin account. - Type: Protocol - Sector: Finance - Status: Active - Founded: 2021-05-01 - Profile: https://thegrid.id/profiles/Drift ## Products - [Drift Exchange](https://thegrid.id/profiles/Drift): A decentralized exchange on Solana offering spot trading with 5x leverage and perpetual futures with 10x leverage through a unified margin account. The protocol includes an on-chain order book, dynamic AMM, automated vault strategies for liquidity provision, and prediction markets. All markets use cross-margin collateral management and multi-layer liquidation systems. (Decentralised Exchange, Live, Main Product) - [Drift Insurance Fund](https://thegrid.id/profiles/Drift): A protocol-level risk management system that secures Drift against market events and losses. Users stake assets into insurance vaults to receive exchange fee revenue. The fund maintains reserve ratios, provides incentives for liquidations, and ensures protocol solvency through automated reserve management and risk pricing. (Onchain Insurance, Live) - [Drift Lending](https://thegrid.id/profiles/Drift): A lending protocol within Drift's ecosystem enabling users to lend or borrow assets with up to 5x leverage. The system implements dynamic interest rates based on utilization, automated collateral management, and risk-based borrowing limits. Borrowed assets integrate with trading functions through the unified margin system. (Decentralised Borrowing & Lending, Live) - [Drift Competitions](https://thegrid.id/profiles/Drift): A decentralized competition program managing trading contests and leaderboards on Solana. The system handles participant tracking, automated scoring, and prize distribution through verifiable on-chain logic. (Customer Engagement Platform, Inactive/Support Ended) ## Assets - [DRIFT (DRIFT)](https://thegrid.id/profiles/Drift): DRIFT is the governance token of Drift Protocol, a decentralized perpetual futures exchange on Solana. It is used to vote on protocol upgrades, market listings, and parameter changes, with stakers earning a share of protocol revenue and trading fee discounts. DRIFT holders participate in a multi-branch DAO structure, giving them direct influence over both protocol development and security decisions. (Governance) - [Drift Staked SOL (dSOL)](https://thegrid.id/profiles/Drift): dSOL is a liquid staking token representing staked SOL on Drift Protocol. It is used to earn staking rewards and as collateral within the Drift ecosystem. dSOL follows an exchange rate model where the quantity held stays constant while each token's value increases relative to SOL as staking rewards accumulate. (Liquid Staking Tokens (LSTs)) ## Links - [Blog](https://drift.trade/blog) - [Documentation](https://docs.drift.trade) - [Whitepaper](https://assets-global.website-files.com/611580035ad59b20437eb024/61293b57e3103934ddc5535f_v0%20Devnet%20Feature%20Paper%20-%20Revision%201.1.pdf) - [Main](https://drift.trade) - [Governance](https://drift.foundation/vote) - [Media Kit/branding](https://www.figma.com/design/ub4YVSWfeKf8rwH0ksTxPq/Drift-Logo---Token-Icon?node-id=3-2&t=7mhOPPXXGiBfAYIo-1) - [Privacy policy](https://docs.velocity.exchange/protocol/legal-and-regulations/privacy-policy) - [Terms of Service](https://docs.velocity.exchange/protocol/legal-and-regulations/terms-of-use) - [Twitter / X](https://x.com/driftprotocol) - [Discord](https://discord.com/invite/fMcZBH8ErM) - [GitHub](https://github.com/drift-labs) - [Telegram](https://t.me/+cUxOuMDUYJNmNmJh) - [Twitter / X](https://x.com/DriftFDN) ## Legal This data is provided under two licensing models. Model 1 - open data. 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