davo | drift
@davijlu
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Chief janitor @DriftProtocol | Half a lawyer (not yours) | ex VC guy & crypto prop trader
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Joined June 2016
Drift's immediate plan is to be the best decentralised derivatives platform. Built on @solana at the L1 level to harness the global atomic state machine. No rollups or isolated environments. The benefit is asset availability. Drift is the only cross-margin perps DEX and this is
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Drift v3 is here š„ - 10x faster fills & liquidity - Gasless trading - Redesigned UI To unlock, use our code: NNSF4CUB
Introducing: Drift v3 Drift has built through bull and bear to deliver one thing: a better trading experience. Today, Drift v3 goes live. A modern redesign with 10x faster execution. Built to outperform.
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Imagine if everything in life was as good as gold. Itās easy to invest in, could help grow your wealth, and protect it too. A timeless asset that stands strong when others may not.
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I remember meeting Cindy & the drift team during a small meetup at the first Breakpoint in Lisbon. Then it was just a few people. Seriously, who knew back then where the roads would lead? Feeling super nostalgic heading into this Breakpoint. What an absolutely insane ride it's
Four years of building through every market cycle has led to this moment. Drift v3 is now LIVE. v3 is the culmination of everything we've learned from thousands of users, thousands of trades, and several thousand hours spent shipping and iterating on what a world-class onchain
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Introducing: Drift v3 Drift has built through bull and bear to deliver one thing: a better trading experience. Today, Drift v3 goes live. A modern redesign with 10x faster execution. Built to outperform.
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The annual Breakpoint ritual continues Heading to @SolanaConf Breakpoint with a series of announcements for @DriftProtocol Iāll be diving deep into Drift v3 in my keynote and outlining how weāre thinking about the next chapter of on-chain trading. Excited to share whatās
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PSA: If you wish to kick off @SolanaConf Breakpoint in style, don't forget to RSVP for Liquid Hours w/Drift and Friends First wave of acceptance go out today
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Great post and wholly agree with need for exchange platform to prioritise protecting users.
A Difficult Personal Decision Iāve made the personal decision to step away from trading on HyperLiquid. And I want to stress that word - personal (and difficult). Iām not asking anyone to follow me. Iām simply acting in alignment with where my values have moved. Most of you
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Want to buy a home but donāt know where to start? Explore in-depth information on the buying process, mortgage options, and what to expect with HomeViewĀ®, our free online course. Learn more.
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A Difficult Personal Decision Iāve made the personal decision to step away from trading on HyperLiquid. And I want to stress that word - personal (and difficult). Iām not asking anyone to follow me. Iām simply acting in alignment with where my values have moved. Most of you
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Almost out of pre-green status on this hold. Can you believe my original entry was in the 190s? This is what conviction looks like. Awesome to get paid $17k to hold conviction, too. Thanks @DriftProtocol
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Weāve all been focused on the wrong things - myself included. When we evaluate DEXs, we obsess over fees, architecture, paid order flow, and order execution speed. But the question we should be asking is: whoās building for user protection? After the Binance crash on 10/10,
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Ok, I never do this but... Let's have some fun giving away to my community. Daily I keep getting questions about what's the new protocol I'm trading on (I still trade on HL btw). So here's a WW first. A ref link. With a twist. Every penny earned from this link will go
app.drift.trade
On-Chain Perpetual & Spot Trading with Leverage
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Drift is almost always the cheapest place to long majors And therefore the best place to open your longs for funding arbs h/t @LorisTools
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In the last 24 hours, Drift processed $10M+ in liquidations with zero socialised loss and zero downtime. Drift employs multiple loss-mitigation mechanisms, including flash crash protection and sensible oracle guardrails, to ensure users arenāt unnecessarily liquidated. Drift is
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Many commented wondering what this liquidation protection mechanism is. Let's see: Drift uses oracle price for liquidation. During 10/10 the price on Binance and subsequently every other exchanges dropped drastically. If Drift trusted every movement of oracle price, every user
@derteil00 Because they have something none of those have. Liquidation protection mechanism against scam wicks. It's ultimately on us, as both participants and builders to fix our own problems. That's the beauty of crypto. We don't need regulators to tell us what we need to do. Drift
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Walking around NY today and people still wearing their NYC marathon medals.
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Weāve heard these words before. Be careful out there everyone!
š¢Clarification on Rumors Regarding MEXCās Financial Status Recent online discussions have circulated unverified rumors regarding MEXCās financial status.Ā We would like to clearly state that these claims areĀ false and misleading. MEXC remains inĀ strong financial health.Ā All
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slowly, then quickly
@derteil00 Because they have something none of those have. Liquidation protection mechanism against scam wicks. It's ultimately on us, as both participants and builders to fix our own problems. That's the beauty of crypto. We don't need regulators to tell us what we need to do. Drift
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@derteil00 Because they have something none of those have. Liquidation protection mechanism against scam wicks. It's ultimately on us, as both participants and builders to fix our own problems. That's the beauty of crypto. We don't need regulators to tell us what we need to do. Drift
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Can confirm. I also had the distinct pleasure of having a one hour video call with the co-founder @cindyleowtt - would love to see her share her genesis story one day (if she hasn't done so already).
lmeow no birkin for @cindyleowtt
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