Why Drift Is Betting Big on Solana - Cindy Leow & Chris Heaney, Ep. 256

The Blockcrunch Podcast

Today Jason is joined by Drift Co-Founder Cindy Leow & Developer Chris Healey. In today’s episode the three discuss the founding story of Drift, why there was a gap in the market for Drift, why the Solana ecosystem made sense, and whether it would if Drift launched today. Cindy and Chris then share their bear market learnings, what they took away from the Luna saga, and Drift’s 2024 roadmap—enjoy!

Host: Jason Choi @mrjasonchoi . Not financial advice.

Timestamps:

(00:00) Introduction

(02:48) Motivation to found Drift

(05:56) Why Drift chose Solana

(08:16) Ecosystem tradeoffs

(11:07) Drift’s growth

(14:29) Bear market start-up learnings

(15:53) Would Drift choose Solana in 2024?

(19:35) Drift’s USP

(24:21) Cross-collateralization

(28:45) Market research findings

(31:16) Luna leveraged short learnings

(36:05) Drift’s roadmap

(38:28) Outro

Partner Message: Yield Guild Games (YGG) is a web3 guild protocol that enables players and gaming guilds to find their community, discover games and level up together. Its mission is to become the leading community-based user acquisition platform in web3 gaming through fun quests that help players build their onchain reputation

Find out more at https://investors.yieldguild.io/

Twitter accounts:

Jason Choi’s Twitter:

https://twitter.com/mrjasonchoi

Blockcrunch Twitter:

https://twitter.com/theBlockcrunch

Cindy’s Twitter:

https://twitter.com/cindyleowtt

Chris’ Twitter:

https://twitter.com/crispheaney

Blockcrunch VIP:

https://blockcrunch.substack.com/

Disclaimer:

The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.

Full disclaimer: https://blockcrunch.substack.com/about