Drift Protocol Launches Staking Functionality On Solana

According to BlockBeats, Drift, a perpetual contract protocol on Solana, announced the launch of its DRIFT staking functionality on June 19. This new feature allows users to participate in governance without the need to deposit Realms. Stakers are entitled to several benefits. These include double voting rights, fees from the DRIFT/USDC market, and any future profits realized through governance. The launch of this staking functionality is a significant step for Drift, as it allows users to have a more active role in the protocol's governance. The introduction of this feature is expected to enhance the overall user experience and increase participation in the protocol's governance. It is also anticipated to contribute to the growth and development of the Drift protocol on the Solana platform.