Drift Protocol Announces User Airdrop

Exciting news for the Drift Protocol community! According to their official announcement on Twitter (X), a major airdrop will take place at 12 PM UTC on May 16th, honoring early contributors to the platform’s development.

The @DriftFDN Airdrop is launching May 16th at 12pm UTC (8am EST)!

Drifters will be able to deposit DRIFT and use it as collateral on Day 1. pic.twitter.com/zzvWIWXfwg

— BET on Drift (@DriftProtocol) May 15, 2024

Visit https://drift.foundation/ to check if you are one of the lucky recipients of this valuable reward. Drift Protocol has allocated 12% of its total token supply (120 million tokens) to be distributed to 180,000 active users on the platform.

The airdrop will be distributed in two phases:

• Initial Allocation: Tokens will be available immediately upon launch, allowing you to enjoy your new tokens right away.
• Bonus Allocation: Tokens will be gradually unlocked over six hours to reduce network pressure and optimize the user experience. The vesting process begins at the launch time and concludes once you have received all your tokens.

Related: How to participate in the Particle Network Airdrop

About Drift Protocol

Drift Protocol is an open-source decentralized exchange (DEX) specializing in perpetual futures on Solana. The platform has garnered significant attention with a successful $27.3 million funding round from leading investors such as Polychain Capital, Ethereal Ventures, Multicoin Capital, and Jump Capital.

With a TVL of $335 million, Drift is steadily establishing its position in the rapidly growing DeFi market.

This is a fantastic opportunity to be rewarded for your contributions to the Drift Protocol community.