B.E.T launches against the backdrop of the most exciting US election season yet, with the first prediction markets centered around the US elections. Keep your eyes peeled for more market categories to come across sports (F1, CryptoFightNight), crypto and culture (Solana debate outcomes). 

Looking ahead, Drift plans to elevate the prediction market user experience while it builds towards fully permissionless markets through governance later this year. 

Why be (B)ullish on (E)very(T)hing on Drift? 

B.E.T is built on top of Drift Protocol, making it the most capital efficient prediction market product out there. This means you benefit from its borrow/lend platform, cross-collateral capabilities, and derivatives.

Here's how:

• Earn yield on all your B.E.T trades: Each trade earns yield automatically, powered by Drift’s borrow/lend engine. 
• Hedge on a Unified Platform: B.E.T allows the creation of “structured bets” — Create hedged positions by going long on a prediction market while simultaneously shorting Bitcoin. Do it all on Drift. 
• Utilize over 30+ tokens: Use your favorite Solana tokens — not just USDC. You can use 30+ tokens from yield-generating stables to LSTs!

Fun fact: B.E.T stands for Bullish on Everything. 

How does B.E.T work?

1. Predict the future outcome of events by buying YES or NO shares.
2. Place a market order to get in right away or a limit order to get in at your desired price.
3. Watch your trade automatically earn yield before the market resolves.
4. The market resolves at the stated date.

You don’t need to wait for the market to resolve, you can sell your shares at any time. For more in depth details, read here.

FUEL up your BETs

B.E.T trades will have a 5x FUEL boost for 2 weeks. FUEL is Drift’s rewards program. 

With FUEL boost: For every $1 trade placed, you will receive 5 FUEL.

‍Without FUEL boost: For every $1 trade placed (either a YES or NO share), you will receive 1 FUEL. 

Want even more FUEL?

In addition to your trading activity, you can earn 10 FUEL for every DRIFT staked! As Drift DAO works to move towards offering permissionless markets, DRIFT stakers will play a key role in determining future markets. Stay tuned for more updates as this governance model takes shape.

FUEL will be available for redemption of prizes across the Drift and Solana ecosystem at a later date. 

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Note: B.E.T is available in all countries where Drift can be accessed.