Disclaimer: Crypto airdrops are promotional events in which tokens are distributed to existing cryptocurrency holders or individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Airdrops can also be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.

Drake is running a points program that rewards activity on its perpetual futures exchange on Monad. The platform has also tracked activity retroactively, including participation during its earlier beta phase.

A Drake token or airdrop has not been confirmed, so points should not be treated as a guaranteed future token allocation. Drake’s public mainnet is scheduled to open on September 7, 2026, alongside a four-week MON incentive campaign worth $100,000.

What Is Drake Exchange?

Drake describes itself as a fully onchain perpetual exchange built on Monad. According to its official docs, the platform is designed to combine CEX performance with the transparency and composability of DeFi, complementing its tagline: “Bringing the best of centralized exchanges onchain.”

Its trading system combines a central limit order book with additional liquidity from an automated market maker (AMM). Drake also supports cross-margin and isolated-margin accounts through its Universal-Asset Margin Engine.

As a perps exchange, the platform offers leverage of up to 50x on supported markets. It currently lists USDC-margined contracts including BTC, ETH, SOL, and MON.

Drake Funding Round

Drake raised $1 million in seed funding in September 2025, led by CMS Holdings. Funding databases also list participation from the Monad community around the round.

The project had previously gained attention as a finalist at Monad Madness NYC before moving toward its mainnet rollout.

How to Be Eligible for the Drake Airdrop?

Drake has not announced official airdrop eligibility requirements, and it has not confirmed any token distribution.

What is confirmed is a points program tied to activity on the platform.

Drake has also said that onchain activity has been tracked retroactively, while participants in the private mainnet beta were eligible for boosted points.

Activities worth focusing on include:

• Trading perpetual futures
• Building consistent trading activity over time
• Depositing into supported Earn Vaults
• Using available margin features
• Participating in current incentive campaigns
• Using referrals when available

There is no confirmed minimum volume, transaction count, snapshot date, or points-to-token conversion rate.

If you are tracking campaigns other than Drake, our airdrops page covers the active campaigns worth watching right now.

How to Participate in the Drake Airdrop

You can start building activity on Drake by using the mainnet, trading supported markets, and participating in available points and incentive programs.

Visit Drake Exchange

Go to the official Drake Exchange platform and connect a compatible wallet.

Before signing any transaction, verify that you are on the official Drake website and avoid links shared through unsolicited messages.

Fund Your Wallet on Monad

You will need supported collateral on Monad before trading with real funds.

Drake’s documentation currently lists USDC as accepted collateral, with additional supported assets including cbBTC and WETH. Keep enough MON available to cover network fees where required.

Trade Perpetual Futures

Choose a supported market and open a position using either a market or limit order.

Drake supports both cross margin and isolated margin. Cross margin shares collateral across positions, while isolated margin limits the collateral assigned to an individual position.

Perpetual contracts can use leverage of up to 50x, but higher leverage also increases liquidation risk.

Earn Drake Points

Continue using the platform to build your points balance. Private mainnet beta users were offered boosted points before the public rollout by whitelisting their wallet address on this page.

Moreover, avoid creating unnecessary leveraged volume solely to farm points. Trading fees, funding payments, and liquidations can cost more than any potential future reward.

Use Drake Earn Vaults

Drake also offers liquidity vaults that act as counterparties to traders.

According to the project’s documentation, vault revenue can come from trading fees, funding rates, borrowing fees, bid-ask spreads, and counterparty profit and loss.

Vault deposits can add another type of onchain activity to your Drake history, although Drake has not published a guaranteed points formula for every vault action.

Participate in the MON Incentive Campaign

Drake’s first MON-based incentive campaign is set to begin with the public mainnet on September 7, 2026.

The campaign offers a $100,000 MON reward pool distributed across four weeks, while traders can continue earning Drake points.

Check the live Drake interface for the current rules, eligible markets, and reward calculations before trading.

Use Referrals if Available

Drake has included referrals among activities promoted during its beta period.

If your account has a referral program, use the referral dashboard rather than third-party links. Referral terms and point bonuses can change as the campaign develops.

Frequently Asked Questions

Need a refresher? Here are the questions most readers ask about the Drake airdrop.

Is the Drake Airdrop Confirmed?

No. Drake has only confirmed a points program, and the project has not announced a token or guaranteed an airdrop. Points may become relevant to a future distribution, but no conversion terms have been published.

Does Drake Have a Token?

Drake has not announced an official token. Be cautious of websites or social posts claiming that a Drake token is already available to claim or purchase.

How Do I Earn Drake Points?

Users can build activity by trading on Drake and using supported platform features such as Earn Vaults. Earlier activity has also been tracked retroactively, and private mainnet beta users received boosted points.

Is Drake Exchange Live on Monad?

Drake operated a private mainnet beta before its planned public mainnet launch on September 7, 2026. The public rollout is also tied to its first MON incentive campaign.

How Much Can I Earn From the Drake Incentive Program?

The initial MON campaign has a $100,000 reward pool spread across four weeks. Individual rewards will depend on the campaign rules and user activity, so the full $100,000 should not be interpreted as an individual reward amount.