BTC $63,023.42 +0.08%
ETH $1,880.89 +0.01%
BNB $607.10 -0.08%
XRP $1.00 +0.31%
SOL $75.28 -0.08%
TRX $0.3309 -0.44%
DOGE $0.0695 -0.59%
ADA $0.1763 -2.03%
BCH $203.46 -0.56%
LINK $9.46 +5.55%
HYPE $56.87 +0.72%
AAVE $86.14 -0.29%
SUI $0.6766 -0.73%
XLM $0.1579 -0.08%
ZEC $487.56 -1.05%
BTC $63,023.42 +0.08%
ETH $1,880.89 +0.01%
BNB $607.10 -0.08%
XRP $1.00 +0.31%
SOL $75.28 -0.08%
TRX $0.3309 -0.44%
DOGE $0.0695 -0.59%
ADA $0.1763 -2.03%
BCH $203.46 -0.56%
LINK $9.46 +5.55%
HYPE $56.87 +0.72%
AAVE $86.14 -0.29%
SUI $0.6766 -0.73%
XLM $0.1579 -0.08%
ZEC $487.56 -1.05%

Drift launched a market maker reward program to incentivize market makers and liquidity providers

2024-02-02 19:52:52

ChainCatcher news, the decentralized derivatives trading platform Drift Protocol in the Solana ecosystem has announced the launch of a market maker reward program aimed at incentivizing market makers and liquidity providers. This program is part of the Drift Points Program, where market makers will earn a proportion of rewards from the points pool based on their market-making volume and the depth of liquidity provided on the exchange.

It is reported that the program particularly encourages market makers who provide liquidity through the Just-in-Time mechanism, with trading volume completed using JIT receiving a 10x points reward.

app_icon
ChainCatcher Building the Web3 world with innovations.