The author expresses a bearish sentiment toward Drift Protocol and the broader Solana perpetuals ecosystem, arguing that these DeFi protocols lack true decentralization and accountability. This contradicts a previous investment thesis from Decentralised Co (DCo), which had gone long on the sector based on the protocol's open-source DLOB keeper model. Ultimately, the author deems these assets "not investible" due to risks associated with centralized management and unregulated infrastructure.