🧵 1. Drift Protocol, a leading Solana-based trading platform, announces the launch of Drift Points, a rewards program for users ahead of its token release. #finance
🧵 1. Drift Protocol, a leading Solana-based trading platform, announces the launch of Drift Points, a rewards program for users ahead of its token release. #finance
🧵 2. Drift Points will be allocated based on users' trading volume and activities like market making and liquidity provision. Approximately 100 million points will be issued monthly.
🧵 3. Drift Protocol plans to decentralize gradually, with a governance token allowing community ownership. An elected risk council of token holders will manage protocol upgrades and functions.
🧵 4. Drift Protocol's token launch is expected shortly after the rewards program ends in March. Correlation between Drift points and token distribution yet unknown. Similar programs have boosted Solana ecosystem growth.
🧵 Read more at: https://www.theblock.co/post/274007/solana-protocol-drift-points-token