Drift Protocol is a decentralized exchange that allows users to trade perpetual swaps on cryptocurrencies with up to 10x leverage on the Solana blockchain¹²³. Perpetual swaps are a type of derivative contract that have no expiry date and track the price of the underlying asset³. Drift Protocol uses a novel mechanism called Just-In-Time Auctions to match orders instantly and provide better prices for traders¹. Drift Protocol also offers variable rate borrowing and lending, liquidity provision, and spot token swapping²³. Drift Protocol is backed by some of the leading investors in the crypto space and has been audited and secured by CertiK¹⁴.

Source: Conversation with Bing, 11/27/2023 (1) Drift | Perpetual Swaps on Solana. https://www.drift.trade/. (2) Drift Protocol | Solana. https://solana.com/ecosystem/drift. (3) Welcome to Drift Protocol - Drift Protocol v2. https://docs.drift.trade/. (4) Understanding Drift Protocol - Drift Protocol v2. https://docs.drift.trade/understanding-drift-protocol.