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What is Drift?

Despite the decentralized nature of cryptocurrency, centralized derivatives exchanges still enjoy a notable edge due to their speed, user familiarity, and overall reliability. At present, decentralized exchanges (DEXs) struggle to match this level of operational efficiency. Challenges like high slippage for substantial trades, steep gas fees for cross-chain transfers, and limited liquidity that leads to poor pricing are common issues. Drift aspires to transform this landscape by providing a sophisticated trading experience that mirrors that of centralized platforms while remaining within a decentralized ecosystem. Our dedicated team consists of experienced traders and developers from both the decentralized finance (DeFi) sector and traditional finance, working together to realize this ambitious vision. By harnessing the low-latency features of Solana's blockchain, Drift enables users to manage multiple trading positions using a single pool of collateral. This structure facilitates instant liquidity upon listing and allows for rapid trade execution. When users interact with Drift’s virtual Automated Market Maker (vAMM), they can see the precise prices at which their trades are executed, promoting transparency and efficiency throughout the trading process. In essence, this initiative marks a substantial advancement towards closing the divide between centralized and decentralized trading platforms, thereby enhancing the overall trading experience for users.

What is Acala?

Boost your decentralized application (DApp) on the Polkadot network by harnessing the capabilities of Acala, a smart contract platform that effortlessly connects with Ethereum and is designed specifically for decentralized finance (DeFi) applications. Acting as the central liquidity hub and DeFi network within the Polkadot ecosystem, Acala operates as a layer-1 platform focused on scalability, compatibility with Ethereum, and augmented DeFi features, including integrated liquidity and pre-existing financial solutions. Developers can take advantage of Acala’s trustless exchange, the decentralized stablecoin aUSD, and DOT Liquid Staking (LDOT), along with EVM+ capabilities, to capitalize on the benefits of both Ethereum and the extensive features offered by substrate technology. This integration facilitates the management of assets and derivatives based on DOT, as well as access to a stablecoin native to Polkadot and various cross-chain assets from leading platforms such as Bitcoin and Ethereum. Moreover, Acala's framework is meticulously designed for enhancements in DeFi, allowing for continuous upgrades without the need for forks, thus enabling new functionalities to be seamlessly integrated based on developer requirements. Additionally, the innovative on-chain 'keepers' serve to automate operations within the protocol, which not only improves risk management and user experience but also permits transaction fees to be paid using almost any token available, showcasing the platform's versatility and user-centric approach. This comprehensive ecosystem empowers developers to create more robust and efficient financial applications while fostering a more interconnected blockchain environment.

Media

Media

Integrations Supported

Ava Protocol
Blockdaemon
Centrifuge
ChainX
Chainlink
CloudNuro
CryptoTax360°
DEX Screener
Ethereum
Flows
Kwikswap
MetaMask
Notifi
OnFinality
Polkadot
Solana
Strategy Overview
Telegram
Tres Finance

Integrations Supported

Ava Protocol
Blockdaemon
Centrifuge
ChainX
Chainlink
CloudNuro
CryptoTax360°
DEX Screener
Ethereum
Flows
Kwikswap
MetaMask
Notifi
OnFinality
Polkadot
Solana
Strategy Overview
Telegram
Tres Finance

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Drift Protocol

Date Founded

2021

Company Website

www.drift.trade/

Company Facts

Organization Name

Acala

Date Founded

2019

Company Website

acala.network/

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