Drift Referral Code — Suspended After the April 2026 Exploit

This deal is suspended. Drift was exploited for roughly $285 million on April 1, 2026, and the venue has been offline since: deposits, withdrawals, and trading are all halted while the team rebuilds the exchange under the name Velocity. Velocity is in private beta as of July 2026, with no public relaunch date. Until the relaunched venue is live and re-audited, there is nothing to sign up for, and PerpFinder does not recommend sending funds to Drift or Velocity.

This page stays up as a record of how the deal worked, and it will be updated if the referral program returns under Velocity. Before the exploit, the Drift referral link PERPFINDER gave you a 5% discount on all perpetual futures trading fees and boosted your DRIFT token reward earnings, applied automatically from the first trade.

Drift fee discount 2026 — what 5% off means at real volumes

The numbers below describe the pre-exploit schedule. They apply only if trading resumes under the relaunch.

Drift charges 0.035% (3.5 bps) for takers at the standard level and a -0.0025% rebate for makers. With PERPFINDER, the 5% discount brings the taker fee from 0.035% to 0.03325%.

At 0.03325%, the discounted Drift taker rate is below Hyperliquid's 0.045% base taker rate. Jupiter uses a different model: a 0.06% base position fee on open and close. Drift also pays makers a -0.0025% rebate. A trader routing 50% of volume through limit orders blends to roughly 0.015% effective.

On $100,000 monthly taker volume, the 5% discount saves $1.75. At $500,000, it saves $8.75. At $1 million, $17.50. The bigger economic lever is the boosted DRIFT token rewards on top.

DRIFT token rewards with the referral — what boosted means

Drift distributes DRIFT tokens as trading incentives. The reward rate fluctuates with total protocol volume and epoch allocations. The PERPFINDER referral boosts your base reward rate. You earn a higher share of the reward pool than unlinked traders at the same volume level.

DRIFT launched as a live token in May 2024 and still trades on Coinbase, Kraken, and several DEXes despite the venue being offline. Under the pre-exploit program, trading rewards could be sold, staked in the Drift Insurance Fund for yield, or held, with no mandatory lock-up.

Drift referral code PERPFINDER — how to activate

There is nothing to activate while the venue is offline. Pre-exploit, the flow was: visit the referral link, connect a Solana wallet, and the referral associated on first connection, with no manual code entry and no minimum deposit. If the program returns under Velocity, the same rule will likely apply: the referral must associate before your first trade, so use the referral link on your first visit.