The People’s Perp DEX on @monad | Powered by a Fully-Onchain CLOB

Joined March 2023
Drake mainnet is live. Our unique hybrid liquidity model bringing vAMM & CLOB together offers you the best execution price possible. drake.exchange/
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Read more about our hybrid liquidity design right here: drake.exchange
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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.
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$120M in cumulative volume sounds great, but we can’t help but wonder what it would feel like to reach $1bn.
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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
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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
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Drake Affiliate Program is live. Earn on every trade you bring: - 20% direct commission - 5% second-level override Monthly payout: - Base: $25k (2nd-level $5k) - Tier 1: $100k (2nd-level $20k) - Tier 2: $250k (2nd-level $50k) - VIP: $500k+ negotiated on volume Apply below.
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Over $30M in volume generated since Drake released the mainnet. Stack bids slap asks.
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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.
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By community request, you can now trade $HYPE perps on Drake with up to 5x leverage. Trade now: drake.exchange
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