Solana-powered decentralized exchange Drift recently announced its plans to introduce a governance token through a 100 million token airdrop. This governance token will enable holders to participate in voting on future protocol decisions proposed by the Drift Foundation and community contributors. The airdrop, set to distribute 10% of DRIFT’s total supply to 180,000 users based on their interactions with the Solana (SOL) platform since its launch in 2021, has garnered significant interest.

While more details about the airdrop are anticipated following a teaser post from the Solana perpetual futures platform, the distribution date and eligibility criteria are yet to be disclosed. The Drift Protocol is part of a trend where projects reward early supporters with free tokens during what is being called an ‘airdrop season.’ Jupiter, another prominent SOL DEX, introduced its JUP coin to users in January after being in operation for three years.

In addition to the airdrop and governance token launch, Drift confirmed the establishment of a multi-branch decentralized autonomous organization (DAO) system known as the Three-tier Drift DAO. This system aims to democratize operations by implementing various DAO branches for different functions.

The Realms DAO will focus on protocol development, security council elections, proposing key changes, and ensuring user asset safety. The Security Council DAO, comprising elected experts from the Realms DAO, will fine-tune on-chain parameters and handle protocol upgrades. Lastly, the Futarchy DAO will be responsible for allocating developer grants and distributing funds to ecosystem projects to foster innovation within the Solana DEX community.

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