Drift Ecosystem Newsletter #1
Gm Driftors,
Welcome to the first edition of our ecosystem newsletter!
This newsletter is your guide to what’s happening across the Drift Layer as we work together to make Drift the most liquid perpetual DEX on Solana.
Our focus? Thicker order books, build enhanced vaults (now with an impressive $127M TVL) and continuous under-the-hood improvements to give traders the best prices and seamless experience on Drift.
Over the past month, 30+ teams built on top of the Drift Layer. These projects include new vaults and yield strategies that harness Drift’s powerful perpetual exchange, empowering you to stay ahead in the market.
Introducing: Drift Vaults
Vaults are structured products built by innovative teams on Drift, allowing users to access diverse strategies without active trading.
There are two new partner vaults by Gauntlet and Neutral Trade. Now, live on Drift.
Gauntlet: Bringing Risk Management Expertise & Curated Vaults to Drift
@gauntlet_xyz elevates the Drift ecosystem with their experience in crypto risk management and innovative vault design. The team built a delta-hedged JLP vault, utilising Jupiter’s innovative Liquidity Provider token (JLP) to optimise returns while managing risk.
Why hedge JLP?
While JLP offers attractive yields, token holders face risk from market movements and trader PnL, which can impact returns. Gauntlet’s hJLP strategy mitigates these risks by hedging both components.
How It Works
When users deposit USDC, it’s automatically swapped to JLP, which is then used as collateral on Drift. Short positions in SOL, ETH, and BTC are opened to offset the delta in the JLP pool, with hedges rebalanced as needed based on tolerance thresholds or new deposits/withdrawals.
Gauntlet’s strategy is backed by rigorous testing across multiple timeframes, designed for scalability and high trade efficiency. With a current APY of 30% and likely a steadier rate of return than JLP itself,Gauntlet’s vault has already reached 96% capacity.
Depositors enjoy limited volatility and improved yield consistency, all while maintaining full control of their funds, thanks to the vault’s self-custodial nature.
Neutral Trade: Amplifying SOL Yield and Liquidity
@TradeNeutral have deployed an innovative strategy on Drift to bolster liquidity on both Drift and Jupiter, offering depositors an impressive 30% APY on their SOL.
How It Works
The strategy acquires JLP and hedges BTC and ETH exposure, allowing it to capture yield from JLP’s fees, dSOL’s staking rewards, and funding rewards from the BTC/ETH hedge.
This ensures depositors maintain complete SOL exposure while maximizing their returns.
For SOL holders, Neutral Trade’s vault provides a powerful way to increase SOL yield, all while supporting the wider Solana DeFi ecosystem.
Ecosystem Updates
Ranger Finance
Earlier this week, @ranger_finance’s data dashboards moved out of their beta phase, and are now live!
Featuring data on OI, funding rates and an adjustable liquidation heatmap for the top perps DEXs on Solana, the dashboard is an attractive tool for traders.
Check out: https://www.app.ranger.finance/liquidation
Bulk Trade
Learn more: https://x.com/_bulktrade/status/1850133843589939289
If you're interested in creating your own trading vault, contact @airtightfish on X.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VIPBitget VIP Weekly Research Insights
Stablecoins have recently emerged as a key focus for central banks and financial institutions, with the potential to reshape global payment systems and financial infrastructure. According to data from Chainalysis, stablecoins have surged to a monthly trading volume of trillions of dollars, accounting for 60% to 80% of total cryptocurrency trading volume. This explosive growth has attracted significant attention from traditional financial players, who are accelerating their integration into the digital economy by issuing stablecoins, contributing to blockchain network development, and offering related financial services. In the U.S., financial giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring the potential of jointly issuing stablecoins. At the same time, regulatory discussions surrounding stablecoins and the proposed GENIUS Act are gaining significant momentum in mainstream media. In the Web2 world, traditional companies like Stripe have entered the space by acquiring Bridge to build out stablecoin payment capabilities. Meanwhile, Circle has emerged as one of the most influential crypto firms in the U.S. stock market, second only to Coinbase, driven by the success of its USDC stablecoin. In the DeFi space, Yield-Bearing Stablecoins (YBS) are drawing substantial capital inflows with their innovative interest-generating mechanisms.
VIPBitget VIP Weekly Research Insights
Real World Assets (RWAs) bring real-world financial instruments such as bonds, real estate, and credit onto the blockchain, enabling tokenization, programmability, and global accessibility of traditional financial assets. With U.S. interest rates peaking, monetary policy turning dovish, and ETFs paving the way for institutional capital to enter the crypto space, RWAs have emerged as a leading theme capturing growing institutional attention.
VIPBitget VIP Weekly Research Insights
The Base chain has recently seen several major strategic developments: Coinbase has integrated DEX routing for Base on its main app, bridging the gap between CeFi and DeFi liquidity; Shopify has partnered with Base to expand real-world applications and user access points. At the same time, Circle and Coinbase stocks have surged by over 700% and 50% respectively, creating a wealth effect that may spill over into the Base ecosystem—boosting both its TVL and token prices. Recommended projects include: 1) AERO (Aerodrome)—The leading DEX on Base, showing strength despite market downturns; well-positioned to benefit from Coinbase integration. 2) BRETT—A flagship memecoin on Base with over 840,000 holders; likely to lead the next Base memecoin rally. 3) New tokens on Bitget Onchain—Offer early access to emerging Base memecoins while helping users avoid high-risk tokens.
Trending news
MoreCrypto prices
More
