Coinbase has added a new Solana (SOL)-based decentralized exchange (DEX) altcoin to its listing roadmap.
On Tuesday, the top US crypto exchange Drift Protocol (DRIFT) posted on the path to be tradable on its platform in the future.
Drift is an open-source DEX that enables transparent and non-custodial trading.
Explains the project,
“Drift is designed with the goal of being capital efficient, but also protecting your assets. We achieved this by building an advanced multi-margin risk engine – a system of tools with comprehensive protection against excessive risk. For example:
- In the borrow/borrow markets, you can also collateralize perpetual futures and trade more efficiently with spot assets.
- Each token you deposit can earn you more by borrowing and can also serve as collateral for perpetual swaps.
- Borrowers can only borrow if they have more collateral than necessary, with multiple security measures followed for added protection.”
That is what the Drift Foundation plans to do air drop 12% of DRIFT’s supply (120 million tokens) on Thursday. At the time of writing, the asset has not yet been traded.
Explains the basics,
“This marks an important step toward decentralizing the Drift Protocol, recognizing loyal users and empowering the community with a greater voice in the future development of the protocol.”
Coinbase has created its 2022 listing roadmap to increase transparency and reduce the possibility of investors getting ahead of the curve with new trading support announcements.
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