Research corpus MarketsBLC-STUDY-0687

Drift: a Solana perpetual exchange with a liquidity pool

Drift publishes perpetuals on Solana, with liquidity from a pool and from limit orders, and with funding payments between longs and shorts.

Official external source only
Design paper
Official source

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Record

Authors: Drift Labs
Date: 2021
Publisher: Drift Labs
Version: Source cited by the 2021 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0687
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

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Direct answer

Drift publishes perpetuals on Solana, with liquidity from a pool and from limit orders, and with funding payments between longs and shorts.

Where to read

Official source — Drift Protocol v2 repository
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

A reading of the project's public design document. Not a copy, not a benchmark, and not an offer.

Relationships

Canonical readingDrift protocol study
Related paperGMX
Related paperdYdX v4
Related paperPyth Network

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Drift Labs (2021). Drift: a Solana perpetual exchange with a liquidity pool. Drift Labs. https://github.com/velocity-exchange/protocol-v2

BibTeX

@techreport{driftprotocol2021,
  title = {Drift: a Solana perpetual exchange with a liquidity pool},
  author = {Drift Labs},
  year = {2021},
  institution = {Drift Labs},
  url = {https://github.com/velocity-exchange/protocol-v2},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/drift-protocol}
}

RIS

TY  - RPRT
TI  - Drift: a Solana perpetual exchange with a liquidity pool
AU  - Drift Labs
PY  - 2021
PB  - Drift Labs
UR  - https://github.com/velocity-exchange/protocol-v2
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0687",
    "title": "Drift: a Solana perpetual exchange with a liquidity pool",
    "author": [
      {
        "literal": "Drift Labs"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2021
        ]
      ]
    },
    "publisher": "Drift Labs",
    "URL": "https://github.com/velocity-exchange/protocol-v2",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

JSON BibTeX file RIS file CSL-JSON

Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections