Velocity, formerly Drift Protocol, has launched its private beta, bringing on-chain perpetual futures with 0.02% trading fees from the first trade.

The platform offers multi-collateral margin, allowing SOL and USDT deposits to earn yield while simultaneously backing USDT-settled positions.

Velocity is also offering 20% referral rewards, its highest referral rate, as it invites early traders to test the platform and help shape the product ahead of a wider launch.

Apply for the Velocity Private Beta

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