The People’s Perp DEX on @monad | Powered by a Fully-Onchain CLOB
Joined March 2023
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Drake mainnet is live.
Our unique hybrid liquidity model bringing vAMM & CLOB together offers you the best execution price possible.
drake.exchange/
CLOB + vAMM = Optimal execution.
This symbiotic relationship is held together by the Sequential Routing system, enabling Drake to provide the best possible execution for trades within 300 milliseconds.
Drake and Bake.
The Drake team have been burning the midnight oil to drastically improve the experience for our users.
We have been carefully reading every feedback since day 1, and kept iterating over what the users wanted to see implemented.
We hope the next improvements will please you.
September was a big month for us. Drake launched publicly on Sep 7, and we kept shipping the whole way through.
What's new on Drake:
- Chart lines: your entry, liquidation price, TP/SL and resting limits sit right on the chart, so you can see where you'd get stopped or liquidated at a glance
- One-transaction TP/SL edits: change your TP or SL from the positions table without having to cancel and re-place
- Fill now: if price moves away from your resting limit, fill the rest of it at market in one transaction, from the orders table or the limit line on the chart
- PnL breakdown: every position splits into trading PnL, funding and borrowing, so you know what's moving the number
- Clear rejections: order history now shows why an order was rejected
- HYPE-AUSD: live since Sep 17, up to 5x
- Total OI and OI skew on the trade page, so you can see how a market is positioned before you trade
- Fees up front when you close: the close dialog shows funding and borrowing already deducted
- A monthly MON pool for traders and referrers, with its own MON and Points pages
- A rebuilt referral page
- Custom PnL cards, plus leaderboard sorting and time ranges
ALT The Drake app's positions table with one open BTC long, its PnL breakdown opened underneath: trading PnL, funding fee and borrowing fee, then net PnL, with the note that trading fees are not included. Demo data.
ALT The Fill now dialog for a resting BTC limit order: limit price 99,500, market now 100,000, 0.5% slippage, with Cancel and Fill now buttons. One signature cancels the limit and fills the rest at market. Demo data.
ALT The Referral Tiers panel on the Drake referrals page: five tiers paying 15% to 25% of referees' trading fees, with the current tier marked. Demo data.
Drake mainnet is live.
Your bloodline waited centuries to see a trader like you, get in the order-book.
Stack bids, slap asks: drake.exchange/trade
Over $30M in volume generated since Drake released the mainnet.
Stack bids slap asks.
It’s Sunday, touch some grass.
You’re not supposed to read that.
Reconnect with your friends and family, take that walk in the park you’ve been talking about, stay in the moment.
This Sunday is yours.
By community request, you can now trade $HYPE perps on Drake with up to 5x leverage.
Trade now: drake.exchange
Drake’s hybrid liquidity design structure, with the vAMM (DLP) as a key component, optimizes the liquidity on Drake and keeps it competitive and efficient.
Read more below.
This is possible by enabling liquidity providers to get rewarded with the yield generated from flows through the DLP.
Market Makers are incentivised to operate on Drake because of the low cost and high throughput of Monad.
This approach ensures the tightest spreads possible, as the smart routing system will always execute the order through the most efficient liquidity, either on the CLOB or the DLP.
Drake and bake.
Drake is live, and we’re distributing 100k in monad:native over 4 weeks.Drake mainnet is live.
Stack bids slap asks.
drake.exchange
Perps on Monad.
$100k in $MON will be distributed to traders on Drake over 4 weeks only.
Stack bids, slap asks: drake.exchange/trade
As a reminder, we will distribute $100,000 in MON over 4 weeks.
The $MON will be distributed weekly, claimable every Monday.
The rewards are based on user activity across Drake: trading, providing liquidity, and referrals.
Drake mainnet is live.
Our unique hybrid liquidity model bringing vAMM & CLOB together offers you the best execution price possible.
drake.exchange/
Dear traders, followers, gmonad,
Today marks the very last day of Drake being private. Tomorrow marks the beginning of a new era, as Drake becomes accessible to the most ambitious traders in our industry.
Over the past two years, the team has burned the midnight oil to deliver a robust perp DEX, introducing a hybrid liquidity model that brings vAMM and CLOB into symbiosis to provide the best execution possible.
Starting tomorrow, a pool of $100K in monad:native will be distributed among Drake traders over the course of four weeks.
A large pool of Drake Points will also be distributed weekly, just as we did throughout our private mainnet.
Thank you for your attention to this matter, and see you in the orderbook.
The Drake Team
