Drake Project Introduction, Team, Financing and News_RootData

Performances

Comparison

Team

LarrySmoove

Cofounder

Brief

Co-founder & Chief Product Officer

Follow Updates

Follow Lists

People

About Drake

Details

Drake is an on-chain perpetual futures exchange built on the Monad blockchain, utilizing a hybrid liquidity model (order book + AMM). It supports leveraged trading up to 50x and accepts multiple assets such as USDC, ETH, and BTC as collateral. Its core mechanisms include a Universal-Asset Collateral Engine, allowing users to post various assets as margin, and a Collateral Swap feature that enables users to swap volatile assets (e.g., ETH, BTC) into USDC to lock in profits while keeping their positions open. Drake optimizes trade execution through Intelligent Order Routing between the order book and AMM, and features Dynamic AMM Vaults to provide liquidity.

Tags:

Ecosystem(1):

Founded:

2023