The People’s Perp DEX on @monad | Powered by a Fully-Onchain CLOB vAMM

Joined March 2023
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Excited to announce Drake's $1M seed round led by @cmsholdings with the majority coming from the Monad community. Drake is redesigning onchain perps on @monad to give you the best trading experience and yields on mainnet. Fastest CLOB, highest yields. All in one.
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New front-end version released on Drake. Details of the release in the second post.
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Change logs: 1. fixed. optimization for position/order loader, to make it faster. 2. fixed. update mobile style for Order table 3. fixed. The notification bar keep loading when user close position 4. fixed. The positions table keep loading after someone position has been closed. 5. fixed. UI feedback ~ MON Transfer ~ Under One Click Wallet, the "From" should be 1-click, "To" should be EOA 6. feat. integrated Pyth pro endpoint 7. fixed. UI feedback ~ Optimization for "Filled / Total Amount" in Order table. Included taked order size. 8. fixed. UI feedback ~ Optimization "Unrealized Pnl" and "cross margin" refresh. 9. fixed. UI feedback ~ Slider bar is not smooth on the Leverage setting popup window. 10. fixed. UI feedback ~ Add current price in TP/SL popup window, display gain percent, and updated gain and loss text 11. fixed. UI feedback ~ The percentage suddenly became 100% in close position popup window 12. fixed. UI feedback ~ Updated "Notional Fee" display 13. fixed. UI feedback ~ Cross Margin Ratio is incorrect after position has been closed 14. feat. updated interaction for "Add Funds" and "Withdraw Funds" button in the Account overview popup window. 15. fixed. UI feedback ~ Updated Layout on Order Confirmation box 16. fixed. UI feedback ~ "Reduce only" should enable on close position popup window 17. fixed. UI feedback ~ When "Reduce only" Flag is enabled show a tips on available amount.
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Iterating, maturing, flourishing.
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If you enjoyed the green thesis, you’ll love the blue one.
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Everyone has been waiting for too long. Jensen Huang mode.
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Thrilled to announce that Drake’s final security audit has been completed. Drake’s day 1 codebase for Monad mainnet has completed a full audit led by @sherlockdefi This represents a significant step forward in Drake’s commitment to keeping users safe. Sherlock’s thorough, real-world-tested audits provide Drake with the peace of mind to build fast knowing the foundation is solid.
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Big week incoming.
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Can we get 69 traders to say “Monad” today
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Spoiler: you definitely want to get access during the first week.
Join our @DrakeExchange Mainnet Private Beta Access Giveaway! 100 winners will receive access to Drake’s Mainnet Private Beta! Every beta participant also earns a 20% point boost referral boost during this period. Winners will be randomly selected on 8 June 02:00 UTC. Join here: discord.gg/Neverland
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Starts with an M, ends with a T, traders gonna love it.
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New front-end version released on Drake. 1. feat. integrated contract v1.0.0-beta.32 2. fixed. UI feedback ~ Orderbook display with pending order dot 3. fixed. UI feedback ~ check the pending order size if user selected reduce only option. 4. fixed. UI feedback ~ add current price in TP/SL popup window, and updated gain and loss text 5. feat. added Beta version icon for mainnet 6. fixed. UI feedback ~ set reduce only as the default option in the TP/SL popup window 7. fixed. UI feedback ~ CLOB order ticker display, when price above the current oracle price 8. fixed. UI feedback ~ Smart wallet error code mapping 9. fixed. UI feedback ~ Set slippage option to N/A on Limit order type 10. fixed. UI feedback ~ Remove slippage option for Limit order in close position popup window
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Perps on Monad.
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Can we get 100 people to say “Monad” today
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This, on Monad.
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Shorty keep askin' the mainnet date, She tryna finesse Polymarket for bread.
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Drake (mainnet arc) retweeted
A lot of founders don't realise that the easiest way to minimise execution speed is by focusing on time to execution. It's a lot easier to adjust your frontend interface than to adjust your backend to improve the experience for users. Our recent UX audit on @DrakeExchange compressed the time to execution by 30% and it took less than 2 weeks to implement. P.S we will be dropping a full article on how to test for TTE soon!
30% faster trade execution. That's what Drake's new UI delivers after an interface audit led by @refinestudio, optimizing every step from intent to order. Stack bids slap asks.
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30% faster trade execution. That's what Drake's new UI delivers after an interface audit led by @refinestudio, optimizing every step from intent to order. Stack bids slap asks.
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The Audit report sitting on my hard drive.
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Perps on Monad
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Delighted to announce that the Drake team is officially joining the Design Support Program led by @refinestudio Refine Studio will provide s-tier quality support and help the team identifying potential UI improvements on the platform.
After reviewing all applications, we’re thrilled to welcome the five selected teams to the @DeltaV_xyz x @refinestudio Design Support Program. @DrakeExchange @TrendleFi @kupidtv @facto_to @getbagsapp Over the next few weeks, we will support these projects with: in-depth UX audits, strategy sessions, and pitch deck redesigns.
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