Drift is launching an early variable rebate program for market makers to incentivise liquidity provision on the platform!

Timeline:

This program will take place for all Maker Order trades made on and from 3 May 2022 at 3 PM PST until 31 May 2022 at 3 PM PST.

Subject to the success of this program, we may extend or launch a similar program at the conclusion of this one.

About Maker Orders on Drift:

Maker Orders are limit orders that provide liquidity to Drift’s order-book, rather than taking immediate liquidity from the DAMM. Maker orders are also called post-only orders.

Maker Orders were launched on Drift in April, enabling traders to run liquidity provision strategies on Drift.

Maker Orders provide adjacent liquidity to the DAMM and concentrate liquidity around the current mark price, providing for a smoother trading experience with higher liquidity for larger cap coins (e.g. BTC, ETH). Maker Orders are orders with a post-only flag on Drift.

All Maker Orders have zero fees.

Now, Drift has launched a limited time rebate program in order to incentivise market making liquidity.

Rebates Program:

All users that post a Maker Order in the specified May time period (limit order + post only flag) will be eligible for a trade rebate of up to 5bps.

Fees:

** Any change in the fee amount will be further notified.*