Loading...
Drake
Confirmed
3.0
Ongoing
Medium
Perp DEX
2026/08/06 16:02
→2027/02/02 16:02
Drake is a fully on-chain perpetual futures DEX built on Monad, a high-throughput EVM Layer 1.
Token:Drake(Drake)
Total Pool:TBA
Per User:Points-Based
Blockchain:
Monad
Tags:
Medium
Potential Airdrop
No KYC
Funding Required
2
7 Tasks~33 min
Overview
What is Drake?
Drake is a fully on-chain perpetual futures DEX built on Monad, a high-throughput EVM Layer 1. The order book, matching engine, risk engine, and treasury all run directly on Monad.
Drake raised a $1M seed round in September 2025, led by CMS Holdings with most of the round coming from the Monad community. It was also the only perp DEX selected as a finalist at Monad Madness NYC 2024. A private mainnet beta went live in July 2026, open to whitelisted wallets only.
Drake Airdrop Details
Drake has not announced a token or an airdrop, so any future distribution is speculative for now. What is confirmed is a points program. The team stated that on-chain activity has been tracked since day one and that points will be applied retroactively, so nothing you do during the beta goes uncounted.
Private mainnet beta participants will receive boosted points, which makes the current gated phase the most valuable window to be active. Points programs on perp DEXes typically feed directly into token allocations at TGE, and Drake’s retroactive tracking follows that playbook.
Latest Update: Drake confirmed that retroactive boosted points for private mainnet participants will land during the week of August 3, 2026.
Participation Requirements7 links
1
Submit Your Wallet for WhitelistingEasy·~2min
Go to the Drake whitelist page and submit your wallet address. The mainnet beta is gated, so this is the entry ticket for boosted points.
2
Join the Drake DiscordEasy·~2min
Join the official Discord to catch whitelist batch announcements, beta access updates, and any quests the team runs.
3
Trade on the Testnet in Demo ModeEasy·~10min
While you wait for mainnet access, switch to Testnet on the Drake app and claim testnet MON from the faucet. Demo trading lets you learn the CLOB interface, margin modes, and order types without risking funds.
4
Fund Your Wallet on MonadEasy·~2min
Once whitelisted, you need real USDC on Monad for margin. You can buy it on Bybit, withdraw to your wallet, and move it over to Monad with the widget below if it sits on another chain.
5
Trade Perps on the Private Mainnet BetaEasy·~10min
Open positions on the mainnet beta using limit and market orders. Try both margin modes:
Cross margin: shares collateral across all your positions for better capital efficiency Isolated margin: caps the risk of each position to its own collateral Consistent volume across multiple sessions tends to score better in points programs than one large trade.
6
Deposit into the Earn VaultsEasy·~5min
Deposit USDC into Drake’s funding rate vaults for delta-neutral yield. Vault deposits are on-chain activity on the platform, so they should count toward your tracked history alongside trading.
7
Refer Your FriendsEasy·~2min
Share your referral link from the Drake app. Referrals are one of the activities the team lists for the beta phase, and referral bonuses usually stack on top of your own points.
Loading...
