New Listing on the Horizon
Coinbase, the leading crypto exchange in the US, has added Drift Protocol (DRIFT) to its listing roadmap. This Solana-based decentralized exchange (DEX) offers non-custodial trading and advanced risk management features.
Features of Drift Protocol
Drift Protocol prioritizes capital efficiency and asset protection. It employs a cross-margined risk engine to prevent over-extending risk. Additionally, users can use collateral for perpetual futures and spot assets, earning additional income through borrowing.
Airdrop Announcement
The Drift Foundation plans to airdrop 120 million DRIFT tokens on Thursday, representing 12% of the total supply. This move aims to decentralize the protocol and empower the community.
Coinbase’s Listing Roadmap
Coinbase’s listing roadmap was introduced in 2022 to provide transparency and prevent insider trading. By announcing potential listings in advance, investors can make informed decisions without being influenced by market speculation.
