Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Even with the inherently decentralized structure of cryptocurrency, centralized derivatives exchanges continue to hold a significant advantage due to their speed, familiarity, and reliability. Currently, the trading experience on decentralized exchanges (DEXs) does not quite reach that level of efficiency. Issues such as high slippage for large transactions, exorbitant gas fees for cross-platform fund transfers, and insufficient liquidity resulting in unfavorable pricing are prevalent. Drift aims to revolutionize this by offering a sophisticated, trader-focused experience akin to that of centralized exchanges, but within a decentralized framework. Our team comprises skilled traders and developers hailing from both DeFi and conventional finance, collaborating to turn this vision into reality. Leveraging the low-latency capabilities of Solana's blockchain, Drift allows users to manage multiple positions with a single pool of collateral. This means immediate liquidity upon listing and the ability to execute trades instantly. When engaging with Drift’s virtual Automated Market Maker (vAMM), users can confidently see the exact price at which their transactions occur, ensuring transparency and efficiency in trading. Ultimately, this represents a significant step toward bridging the gap between centralized and decentralized trading environments.
Description
Experience trading on an on-chain perpetual and spot exchange where you can engage with BTC, ETH, SOL, and numerous other leading cryptocurrencies while enjoying leverage of up to 100x directly from your wallet. You can trade BTC, ETH, AVAX, and a variety of top cryptocurrencies with leverage of up to 50x right from your digital wallet. The system utilizes a collection of reliable price feeds to determine liquidation events, ensuring that your investments remain protected from temporary market fluctuations. You can easily enter and exit trades with minimal spread and no price impact, allowing you to secure the best possible price without incurring extra fees. Transition into your desired position through a user-friendly swap interface, making it simple to convert any supported asset into the position of your choice. Currently, GMX operates on both Arbitrum and Avalanche, with GMX serving as the utility and governance token that captures 30% of the fees generated by the platform, while GLP, the liquidity provider token, earns 70% of those fees. GMX provides a decentralized exchange environment for spot and perpetual trading that minimizes swap costs and enables zero-price impact transactions. This innovative platform not only enhances your trading experience but also prioritizes user security and efficiency.
API Access
Has API
API Access
Has API
Integrations
Arbitrum
Avalanche
Axelar
Coinbase Wallet
Flows
MUX
MetaMask
RecoveryTools Email Backup Wizard
Solana
Telegram
Integrations
Arbitrum
Avalanche
Axelar
Coinbase Wallet
Flows
MUX
MetaMask
RecoveryTools Email Backup Wizard
Solana
Telegram
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
Free
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Drift Protocol
Founded
2021
Website
www.drift.trade/
Vendor Details
Company Name
GMX Exchange
Founded
2021
Website
gmx.io