TechFlow reported, according to CoinDesk, that Drift Protocol, a perpetual futures trading platform in the Solana ecosystem, plans to expand into "pre-launch markets," offering a service allowing traders to bet on token prices before their official trading begins. The first listed token will be Wormhole's upcoming W.
According to a blog post, Drift is implementing liquidation safeguards to prevent price spirals. It will also require traders to repay any debts accumulated from other trading products, some of which allow for leveraged positions with higher risk.
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