Convert Drift Protocol DRIFT to OUSG OUSG
DRIFT to OUSG: 1 Drift Protocol converts to 0.00009598 OUSG
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About DRIFT and OUSG
Drift Protocol is falling, while OUSG is climbing this week. The current DRIFT to OUSG conversion rate is 0.00009598. Inversely, this means that if you convert 1 OUSG you will get 10,419.19 DRIFT. The conversion rate of DRIFT/OUSG has decreased by 0.27% in the last hour (OUSG/DRIFT increased by 0.27%). In the last 24 hours, DRIFT/OUSG shrunk by 0.63%, while OUSG/DRIFT grew by the same amount.
The exchange rate of Drift Protocol is decreasing. The current value of 1 DRIFT is 0.00009598 OUSG. In other words, to buy 5 Drift Protocol, it would cost you 0.00047988 OUSG. Inversely, 1 OUSG would allow you to trade for 10,419.19 DRIFT while 50 OUSG would convert to 520,959.67 DRIFT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 15.58%. Meanwhile, in the last 24 hours, the rate has changed by 0.67%, and that the highest exchange rate of 1 DRIFT to OUSG was 0.00009912 OUSG and the lowest 24 hour value was 1 DRIFT for 0.00009546 OUSG. Last month, 1 DRIFT was worth 0.0001157 OUSG. Today, it's down 20.55%. Looking back a year, Drift Protocol has changed by 0.004822 OUSG. That means that in a single year, the value of Drift Protocol has shrank by 4,923.66%.
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 2:13 am
0.5 DRIFT = 0.00004799 OUSG |
1 DRIFT = 0.00009598 OUSG |
5 DRIFT = 0.0004799 OUSG |
10 DRIFT = 0.0009598 OUSG |
50 DRIFT = 0.004799 OUSG |
100 DRIFT = 0.009598 OUSG |
500 DRIFT = 0.04799 OUSG |
1,000 DRIFT = 0.09598 OUSG |
OUSG to DRIFT values from Today at 2:12 am
0.5 OUSG = 5,209.60 DRIFT |
1 OUSG = 10,419.19 DRIFT |
5 OUSG = 52,095.97 DRIFT |
10 OUSG = 104,191.93 DRIFT |
50 OUSG = 520,959.67 DRIFT |
100 OUSG = 1,041,919.34 DRIFT |
500 OUSG = 5,209,596.68 DRIFT |
1,000 OUSG = 10,419,193.37 DRIFT |
DRIFT to OUSG over time
DRIFT | Today | 24H -0.67% | 1M -20.55% | 1Y -4,923.66% |
|---|---|---|---|---|
0.5 DRIFT | 0.00004799 OUSG | 0.00004831 OUSG | 0.00005785 OUSG | 0.002411 OUSG |
1 DRIFT | 0.00009598 OUSG | 0.00009662 OUSG | 0.0001157 OUSG | 0.004822 OUSG |
5 DRIFT | 0.0004799 OUSG | 0.0004831 OUSG | 0.0005785 OUSG | 0.02411 OUSG |
10 DRIFT | 0.0009598 OUSG | 0.0009662 OUSG | 0.001157 OUSG | 0.04822 OUSG |
50 DRIFT | 0.004799 OUSG | 0.004831 OUSG | 0.005785 OUSG | 0.2411 OUSG |
100 DRIFT | 0.009598 OUSG | 0.009662 OUSG | 0.01157 OUSG | 0.4822 OUSG |
500 DRIFT | 0.04799 OUSG | 0.04831 OUSG | 0.05785 OUSG | 2.41 OUSG |
1,000 DRIFT | 0.09598 OUSG | 0.09662 OUSG | 0.1157 OUSG | 4.82 OUSG |
Frequently asked questions
Right now, 1 Drift Protocol is worth about €0.009649.
Based on the current rate, you could get 103.64 DRIFT for 1 EUR.
Drift Protocol price has been declining. Since yesterday, the exchange rate of Drift Protocol has decreased. Since last month, the exchange rate of Drift Protocol has decreased. Since this time last year, the price of Drift Protocol has decreased.
You can use our DRIFT to EUR calculator at the top of this page to convert any amount of DRIFT to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 518.21 DRIFT. Inversely, 5 DRIFT will cost about €0.04824
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 Bitcoin Gold, KGST, and Stader. For a more robust list of assets to explore, jump to the asset page dedicated to Drift Protocol.
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