Drift

[glam-mod]

• Domain: drift.trade
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The Drift Integration with GLAM involves leveraging the capabilities of Drift Protocol, a decentralized exchange that facilitates various trading and earning opportunities on the Solana blockchain. This integration allows GLAM product managers to utilize Drift's trading and financial instruments directly within GLAM's asset management ecosystem. Here’s a breakdown of the key features available through this integration:

Trade Features

• Perpetual Futures/Swaps: Users can trade in perpetual markets with up to 10x leverage, allowing for significant position amplification.
• Spot Trading: This feature enables trading of assets with up to 5x leverage, providing flexibility in managing spot positions.
• Swap Tokens: Users can exchange any token pair with leverage up to 5x, enhancing trading capabilities and liquidity access.

Drift Protocol is designed to be capital efficient while protecting assets through a cross-margined risk engine. This includes multiple safety measures to ensure that borrowing and trading are conducted within safe risk parameters.

Earn Features

• Lend/Borrow: Users can earn yields on their deposits through lending, with the added benefit of their tokens serving as collateral in other trading activities.
• Insurance Fund Staking: Staking assets into a vault allows users to earn yields derived from exchange fees.
• Market Maker Rewards: Participation in an opt-in Alpha Program for market making to earn rewards.
• Backstop AMM Liquidity (BAL): This advanced feature allows for providing liquidity with leverage, offering an opportunity to earn yield through more aggressive liquidity provision strategies.

This integration facilitates a robust set of tools for GLAM managers, enhancing both the trading capabilities and earning potentials within the GLAM products.