Today, I want to share a trading strategy I’m using on Drift, the top decentralized exchange for perpetuals on Solana. If you missed my last video on Vertex, this one is a must-watch!
Why Drift?
Drift is the go-to platform for trading perpetuals on Solana, and with its recent airdrop, many traders are watching closely for potential future rewards. But beyond that, I use Drift for a hedging strategy that helps me stay delta neutral while still earning staking rewards.
🔹 I’m staking HYPE, the token of Hyperliquid, which has skyrocketed recently.
🔹 To protect my gains, I’m shorting HYPE at the same time.
🔹 With positive funding rates, I even get paid for holding my short position!
💡 This strategy works great when funding is positive, but remember, it’s risky – always watch for RSI signals, volume trends, and potential market corrections.
Want to Try It? Here’s How to Get Started!
If you’re new to Solana and Drift, here’s a quick guide to setting up your wallet and transferring funds.
1️⃣ Set Up a Solana Wallet
To interact with Drift, you need a Solana-compatible wallet like:
✅ Phantom – Download here
✅ Backpack – Download here
Create your wallet and save your seed phrase securely!
2️⃣ Buy SOL & USDC on Binance
Since you need SOL for transaction fees and USDC for trading:
- Buy SOL and USDC on Binance.
- Withdraw them to your Solana wallet (Phantom/Backpack).
- Make sure to select the Solana (SOL) network during withdrawal.
3️⃣ Connect to Drift & Start Trading
Now that your wallet is ready, let’s trade!
🔗 Click my referral link: Drift Trading App
🔗 Connect your Phantom or Backpack wallet.
🔗 Deposit USDC and start trading perpetuals!
💡 Bonus: Using my referral link gives you extra benefits, and you can refer others too!
🚨 Remember: This is not financial advice—trading perpetuals is risky, so do your own research and manage your risk wisely.
👉 Watch my latest video for a full breakdown! 🎥👇
Got questions? Drop them in the comments! 🚀
