Drift

Earn yield through Drift’s lending, insurance, and vault products on Solana

What this yield is

• Protocol: Drift Protocol (largest decentralized perpetual exchange on Solana)
• Asset: Various tokens including USDC, SOL, USDT, JLP, and 40+ others
• Products: Lending, Insurance Fund Vaults, SOL liquid staking, Trading Strategy Vaults
• Network: Solana
• Minimum: ~$5 worth of SOL (for account creation)

Drift offers multiple yield mechanisms including lending pools, insurance fund participation, and automated trading strategies. First-time users need approximately 0.03 SOL to cover account creation fees.

Required inputs

Parameter	Description
yieldId	The specific Drift yield ID
address	User’s Solana wallet address
amount	Amount to deposit

Drift products

Lending

Supply assets to earn from borrowers

• Deposit assets into liquidity pools
• Earn yield from borrower interest
• Supports 40+ tokens

Insurance Fund

Earn from protocol fees

• Deposit into insurance fund vaults
• Earn portion of perp trading fees, borrowing fees, and liquidations
• Acts as protocol backstop for solvency

Trading Vaults

Managed trading strategies

• Deposit into vaults managed by teams like Gauntlet
• Earn yield based on strategy performance
• Automated position management

Actions & lifecycle

Enter

Action: Deposit assets into Drift

• First transaction creates Drift account (one-time)
• Supply the underlying asset
• Begin earning yield immediately

Exit

Action: Withdraw assets

• Withdraw from pool or vault
• Receive principal plus accrued yield
• Account creation fee refunded on full exit

Example flow

1. Get yield metadata

   Fetch available Drift yields and their current rates.

2. Enter position

   Call the enter action with your deposit amount.

3. Sign & submit

   Sign the Solana transaction and broadcast.

4. Track balances

   Monitor your position via the balances endpoint.

Get yield metadata

curl --request GET \
  --url https://api.yield.xyz/v1/yields/solana-drift-usdc-lending \
  --header 'accept: application/json' \
  --header 'x-api-key: <API_KEY>'

Operational notes

Account creation requirement

First-time users need ~$5 worth of SOL (approximately 0.03 SOL) for account creation. This fee is returned upon full exit from the position.

Solana transaction format

Transactions are returned as unsigned, base64-encoded VersionedTransaction blobs. Use standard Solana wallet adapters to sign and submit.

Multiple markets

Drift supports multiple isolated markets (Main, JLP, LST, Exponent) with different asset compositions and risk profiles.

Yield IDs for this protocol

Show Drift yield IDs (partial list)

Yield ID pattern: solana-drift-{asset}-lending or solana-drift-{asset}-{market}-lending

Main Market Lending

Yield ID	Name
solana-drift-usdc-lending	Drift USDC Lending
solana-drift-sol-lending	Drift SOL Lending
solana-drift-usdt-lending	Drift USDT Lending
solana-drift-weth-lending	Drift WETH Lending
solana-drift-wbtc-lending	Drift WBTC Lending
solana-drift-jup-lending	Drift JUP Lending
solana-drift-bonk-lending	Drift Bonk Lending
solana-drift-pyth-lending	Drift PYTH Lending

JLP Market

Yield ID	Name
solana-drift-jlp-jlp-lending	Drift JLP Lending (JLP Market)
solana-drift-usdc-jlp-lending	Drift USDC Lending (JLP Market)

LST Market

Yield ID	Name
solana-drift-jitosol-lst-lending	Drift JitoSOL Lending (LST Market)
solana-drift-sol-lst-lending	Drift SOL Lending (LST Market)

Full list contains 80+ yield IDs across different markets and assets.

See also

Quickstart

Get started with Yield.xyz

Actions & Balances

Understand how actions work