Decentralized Derivatives Platform & Technology - Drift aims to be the best decentralized derivatives platform, built on Solana L1 for global atomic state machine benefits [1] - Solana L1 is expected to dominate asset issuance due to its direct downstream product building capabilities [1] - Drift utilizes a distributed limit orderbook (DLOB) alongside just-in-time liquidity (JIT) due to its fully on-chain design [5] Composability & Liquidity - The industry believes composability is crucial in the long term [2] - Drift's success is attributed to its liquidity model rather than the choice of a CLOB [3] - JIT mechanism is designed to protect makers by giving them the last look at the price [6] - Drift is working on updates to improve resting liquidity [7] Assets & TVL - Drift has $1 billion in TVL across various collateral types, including SOL, BTC, ETH, and Solana tokens [2] CLOB Debate & Design - Takers generally prefer CLOBs for the last look at the price, while makers dislike on-chain CLOBs due to potential exploitation [4] - Drift cannot re-order, prioritize, or slow down specific transactions on Solana [5]