How It Works

Amplify is a leveraging solution that enhances exposure to yield-generating assets through recursive borrowing.

It operates with two asset types:

  • Collateral Asset: A yield-bearing asset users deposit to open an Amplify position e.g. dSOL, JLP, JitoSOL

  • Borrowing Asset: Borrowed against the Collateral Asset up to the user's chosen leverage ratio

Getting Started

1

Deposit collateral

Deposit a Collateral Asset into Drift Earn's Borrow/Lend program (Isolated Pool) via Amplify.

2

Borrow asset

The system automatically borrows a Borrowing Asset against it, adjusting up to the intended leverage ratio.

3

Convert and increase exposure

The system automatically converts the Borrowing Asset into the Collateral Asset, increasing notional exposure and amplifying yield potential.

Drift does not charge any commissions or fees for using Amplify. However, opening or closing an Amplify position requires swapping one asset to another, which is done via a third-party service that may apply a swap fee.

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