Glossary
Drift Protocol
Solana's largest perpetual-futures DEX — combines an on-chain order book, an AMM-backed reserve, and JIT (just-in-time) auction liquidity.
Drift v2 runs a hybrid orderbook on Solana: maker limit orders rest on-chain, with a virtual-AMM fallback that quotes any size and a just-in-time auction that lets professional market makers fill larger orders at a single clearing price.
The protocol supports perpetuals, spot, and prediction markets, with the DRIFT governance token and a community-staked insurance fund backstopping shortfalls.