Features

• Up to 50x Leveraged Trading

  Users can open substantial positions on ETH and BTC (more assets will be listed in the near future) with up to 50x leverage. Our advanced architecture and liquidity model are specifically designed to ensure that even large trades are executed with minimal slippage and at industry-leading low fees.

• Self Custody

  With Drake, you retain full control over your funds at all times. Unlike centralized exchanges where your assets are held in a third-party account, Drake’s architecture ensures that your funds are stored securely in smart contracts that are owned by your wallet. This means that you—and only you—have access to your assets. Drake has zero control or access to your funds, providing you with the highest level of security and peace of mind. Every transaction you make is executed directly from your wallet, giving you complete autonomy and full ownership of your assets.

• Cross Margin Trading Account

  Optimize your portfolio management with cross margin trading accounts. By pooling your entire collateral balance as collateral, you can support all your open positions simultaneously, reducing the risk of liquidation and providing a more robust trading experience. This feature is perfect for traders who want to manage multiple positions efficiently, balancing risks across their entire portfolio while maintaining capital flexibility and efficiency.

• Isolated Margin Trading Account

  Take full control of your risk with isolated margin accounts, where each position operates independently. This feature allows you to allocate specific amounts of margin to individual trades, ensuring that a loss on one position doesn't affect your overall account balance or other trades. It's an ideal solution for traders who prefer a focused approach, allowing for precise risk management on a trade-by-trade basis.

• Gas-free trading

  We understand that every dollar counts in trading, which is why we've designed our platform to eliminate gas costs, ensuring that your entire investment goes into your trades. This feature is especially valuable for high-frequency traders and those operating on thinner margins, as it enhances your profitability and simplifies the trading process

• Funding Rate Earn Vault

  Earn yield effortlessly with Drake’s Funding Rate Earn Vault. Simply deposit USDC, and let the protocol handle the rest. The Vault operates in a delta-neutral manner, meaning your investment is protected from market swings while still generating consistent returns. This feature is perfect for users looking for a low-stress, hands-off approach to growing their assets. With the Vault doing all the heavy lifting, you can enjoy a steady income stream without the need to actively manage your positions or monitor the markets.

• Peer-To-Pool Liquidity Vault

  Drake operates on a peer-to-pool liquidity model, where liquidity providers deposit USDC into a central vault that serves as the counterparty to all trades on the platform. This model ensures that the platform has the necessary liquidity to support leveraged trading while providing liquidity providers with opportunities to earn revenue. Drake guarantees genuine liquidity that is resistant to malicious manipulation and fully transparent, setting it apart from centralized and off-chain order book models.