Convert Drift Protocol DRIFT to OUSG OUSG
DRIFT to OUSG: 1 Drift Protocol converts to 0.0001367 OUSG
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About DRIFT and OUSG
Drift Protocol is climbing, while OUSG is falling this week. The current DRIFT to OUSG conversion rate is 0.0001367. Inversely, this means that if you convert 1 OUSG you will get 7,315.27 DRIFT. The conversion rate of DRIFT/OUSG has decreased by 0.5% in the last hour (OUSG/DRIFT increased by 0.5%). In the last 24 hours, DRIFT/OUSG grew by 0.92%, while OUSG/DRIFT shrunk by the same amount.
The exchange rate of Drift Protocol is increasing. The current value of 1 DRIFT is 0.0001367 OUSG. In other words, to buy 5 Drift Protocol, it would cost you 0.0006835 OUSG. Inversely, 1 OUSG would allow you to trade for 7,315.27 DRIFT while 50 OUSG would convert to 365,763.50 DRIFT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 27.21%. Meanwhile, in the last 24 hours, the rate has changed by 0.94%, which means that the highest exchange rate of 1 DRIFT to OUSG was 0.000148 OUSG and the lowest 24 hour value was 1 DRIFT for 0.0001231 OUSG. Last month, 1 DRIFT was worth 0.000105 OUSG. Today, it's up 23.15%. Looking back a year, Drift Protocol has changed by 0.007218 OUSG. That means that in a single year, the value of Drift Protocol has shrank by 5,179.9%.
Drift Protocol Market Stats
Drift Protocol is a decentralized exchange built on Solana. Drift Protocol supports token swaps, spot margin trading, and perpetual futures trading. DRIFT is the governance token of the Drift DAO. Token holders can vote on governance proposals related to protocol development. Proposals may involve determining protocol fees, setting technical parameters, and treasury management.
OUSG Market Stats
OUSG is a tokenized short-term US Treasury bills ETF, overseen and managed by Ondo Capital Management, a subsidiary of Ondo Finance. The significant majority of this portfolio is held in the iShares Short Treasury Bond ETF (NASDAQ: SHV). There is also a small portion of USDC and USD for liquidity purposes. OUSG brings exposure to the ‘risk-free’ US Treasury rate on-chain for the first time. OUSG is an investment option that delivers a stable and predictable return while offering deep liquidity. Ondo funds such as OUSG only ever invest into ETFs backed by secure, stable, and liquid securities; these are the same assets in which trillions of dollars are invested every day by the world's largest institutions. OUSG was developed alongside two other fund tokens, OSTB and OHYG, by Ondo Finance, a software development firm in DeFi. Ondo launched in August 2021. Its first product was Ondo Vaults, a structured finance protocol on Ethereum. Later that year, Ondo launched Liquidity-as-a-Service (LaaS), facilitating over $210M in total liquidity provided. As DeFi yields compressed in 2022, the Ondo team decided to sunset Vaults and LaaS (together, "Ondo V1") to focus on next-generation protocols. Ondo V2, including Ondo’s tokenized funds, were announced by Nathan Allman in January 2023. Ondo funds subsequently opened to subscriptions soon after. What can OUSG be Used For? For investors who pass KYC and AML screening and sign subscription documents, OUSG tokens represent ownership in the fund. Investors can transfer these tokens between each other to effect changes in fund ownership. Investors can also use smart contracts to facilitate their financial arrangements such as by engaging in lending and trading activities with each other. The tokens themselves have transfer restrictions that will ensure they do not end up in the hands of anyone not appropriately qualified as an investor in the fund.
Conversion tables
DRIFT to OUSG values from Today at 7:46 pm
0.5 DRIFT = 0.00006835 OUSG |
1 DRIFT = 0.0001367 OUSG |
5 DRIFT = 0.0006835 OUSG |
10 DRIFT = 0.001367 OUSG |
50 DRIFT = 0.006835 OUSG |
100 DRIFT = 0.01367 OUSG |
500 DRIFT = 0.06835 OUSG |
1,000 DRIFT = 0.1367 OUSG |
OUSG to DRIFT values from Today at 7:46 pm
0.5 OUSG = 3,657.63 DRIFT |
1 OUSG = 7,315.27 DRIFT |
5 OUSG = 36,576.35 DRIFT |
10 OUSG = 73,152.70 DRIFT |
50 OUSG = 365,763.50 DRIFT |
100 OUSG = 731,526.99 DRIFT |
500 OUSG = 3,657,634.97 DRIFT |
1,000 OUSG = 7,315,269.95 DRIFT |
DRIFT to OUSG over time
DRIFT | Today | 24H 0.94% | 1M 23.15% | 1Y -5,179.90% |
|---|---|---|---|---|
0.5 DRIFT | 0.00006835 OUSG | 0.00006771 OUSG | 0.00005252 OUSG | 0.003609 OUSG |
1 DRIFT | 0.0001367 OUSG | 0.0001354 OUSG | 0.000105 OUSG | 0.007218 OUSG |
5 DRIFT | 0.0006835 OUSG | 0.0006771 OUSG | 0.0005252 OUSG | 0.03609 OUSG |
10 DRIFT | 0.001367 OUSG | 0.001354 OUSG | 0.00105 OUSG | 0.07218 OUSG |
50 DRIFT | 0.006835 OUSG | 0.006771 OUSG | 0.005252 OUSG | 0.3609 OUSG |
100 DRIFT | 0.01367 OUSG | 0.01354 OUSG | 0.0105 OUSG | 0.7218 OUSG |
500 DRIFT | 0.06835 OUSG | 0.06771 OUSG | 0.05252 OUSG | 3.61 OUSG |
1,000 DRIFT | 0.1367 OUSG | 0.1354 OUSG | 0.105 OUSG | 7.22 OUSG |
Frequently asked questions
Right now, 1 Drift Protocol is worth about $0.01594.
Based on the current rate, you could get 62.74 DRIFT for 1 USD.
Drift Protocol price has been on the rise. Since yesterday, the exchange rate of Drift Protocol has increased. Since last month, the exchange rate of Drift Protocol has increased. Since this time last year, the price of Drift Protocol has decreased.
You can use our DRIFT to USD calculator at the top of this page to convert any amount of DRIFT to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 313.68 DRIFT. Inversely, 5 DRIFT will cost about $0.0797
Drift Protocol is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Drift Protocol.
There are a number of crypto assets that have the a similar or comparable market cap to Drift Protocol, including Forta, APX, and ColossusXT. For a more robust list of assets to explore, jump to the asset page dedicated to Drift Protocol.
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