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

2024-02-02 19:52:52
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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.

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