Drift Foundation: The governance mechanism is gradually being improved, and DRIFT is one of the components

The Drift Foundation stated on the X platform that the DRIFT token is a component of governance and a key element in empowering the community to shape the future. The governance mechanism is gradually improving, and more information will be announced soon.

At the same time, users can deposit DRIFT in the following Solana ecosystem projects: Drift Protocol deposit (which will be recognized in future governance initiatives and plans), provide liquidity through the Meteora DLMM pool, Kamino's DRIFT-JitoSOL vault, marginfi, SolBlaze multiple liquidity pools, etc.

Earlier news, the DRIFT token airdrop application has been launched and is scheduled to end at 2:00 am on August 17.

Comments

All Comments

Recommended for you

CointimeSG ·

Brevan Howard, Nomura’s Laser back Plume tokenization blockchain

Brevan Howard Digital and Nomura’s Laser Digital were part of the $20 million Series A funding round for Plume, the layer 1 permissionless blockchain focused on tokenizing real worlds assets (RWA).
CointimeSG ·

Trust Wallet fixes disappearing balance glitch

Community members went on social media to report a Trust Wallet glitch that caused their crypto balances to disappear.
CointimeSG ·

Microstrategy names former Binance.US CEO Brian Brooks, two others to board of directors

Microstrategy added 3 members to its board of directors, bringing the total membership from 6 to 9.
CointimeSG ·

Will Dogecoin Reach $1? Crypto Volatility Returns as Bitcoin and Ethereum Slide

The meme coin faced $68 million in liquidations in 24 hours, with Bitcoin and Ethereum also experiencing a decline. Analysts are watching the $1 price level closely, but recovery depends on broader market conditions.
CointimeSG ·

Jump Crypto subsidiary Tai Mo Shan settles with SEC for $123 million

The ensuing fallout from the Terra ecosystem collapse eventually caused Terraform Labs to shut down following a settlement with the SEC.
CointimeSG ·

United States of Bitcoin? These States Are Considering BTC Reserves

Multiple U.S. states are reviewing Bitcoin reserve bills, while crypto advocates are pushing for similar proposals in other states.
CointimeSG ·

Relationship building is a hedge against debanking — OKX exec

Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.
CointimeSG ·

Ethereum 2024 Staking Insights & Analysis

What shaped Ethereum in 2024? It seems pretty challenging to find a common denominator, but there were some milestones no one can’t argue about being included. Here are my top-3 picks in chronological order:
CointimeSG ·

The high-stakes fight to define “money transmitter”

Plus: A rough guide to Anoncasting
CointimeSG ·

State of Cardano Q3 2024

Cardano (ADA) is a Proof-of-Stake (PoS) Layer-1 network launched in 2017. Cardano aims to provide security, scalability, and functionality to decentralized applications and systems building atop the network. In addition to its community of developers, node operators, and projects, Cardano is supported by entities like Input Output Global (IOG), Cardano Foundation, EMURGO, and others. These entities support the network’s development, adoption, and finances as Cardano moves toward the age of Voltaire, the final phase of its roadmap.