Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • MEXC Reviews & Ratings
    188,765 Ratings
    Company Website
  • Figure Markets Reviews & Ratings
    89 Ratings
    Company Website
  • Nexo Reviews & Ratings
    16,251 Ratings
    Company Website
  • Coinbase Reviews & Ratings
    10 Ratings
    Company Website
  • CoinStats Reviews & Ratings
    101,142 Ratings
    Company Website
  • OANDA Reviews & Ratings
    52,281 Ratings
    Company Website
  • YouHodler Reviews & Ratings
    28 Ratings
  • 3Commas Reviews & Ratings
    3,371 Ratings
    Company Website
  • ACE (Adenasoft Crypto Exchange Solution)  Reviews & Ratings
    6 Ratings
    Company Website
  • Tealstreet Reviews & Ratings
    22 Ratings
    Company Website

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 Balancer?

The Balancer protocol functions as a decentralized portfolio manager, liquidity provider, and price sensor that operates independently of custodians. Users have the ability to tailor the number of assets and their respective weights within a pool, which facilitates trades throughout the Balancer ecosystem to optimize price execution. Governed by smart contracts, the pools allow various trading strategies and logic to be implemented seamlessly. This infrastructure enables token exchanges to happen without the necessity of deposits, bids and asks, or order management, as every transaction is executed on-chain. Additionally, users can preview expected trade prices for two assets, taking into account current liquidity and possible slippage. Trades are routed through a Smart Order Router (SOR), which ensures that the best prices are found across all pools within the system. The front-end interfaces are open-source and will be available via IPFS, promoting seamless user interaction. In addition, users can trade any tokens without the need for whitelisting or prior approvals, enhancing accessibility. A Balancer Pool operates as an automated market maker with unique features that enable it to function as a self-balancing weighted portfolio and price sensor, accommodating up to eight tokens with customizable weights, all while being programmable through smart contract-controlled pools. This remarkable flexibility ensures that users can effectively adjust their trading strategies to align with their specific requirements, making it a versatile tool in the decentralized finance landscape.

Media

Media

Integrations Supported

1inch
APY.vision
CryptoTax360°
DigiShares
Dune Dashboard
Hedge3 Turnkey Wallet
Hummingbot
Matcha
Moonriver
Parsec
PieDAO
Pools.fyi
Solana
Strategy Overview
Token Terminal
mStable

Integrations Supported

1inch
APY.vision
CryptoTax360°
DigiShares
Dune Dashboard
Hedge3 Turnkey Wallet
Hummingbot
Matcha
Moonriver
Parsec
PieDAO
Pools.fyi
Solana
Strategy Overview
Token Terminal
mStable

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

Balancer Labs

Date Founded

2019

Company Website

balancer.exchange/

Popular Alternatives

Popular Alternatives

1inch Reviews & Ratings

1inch

1inch Network