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Deri is a decentralized protocol that allows users to exchange risk exposures in a precise and capital-efficient manner. It is the DeFi solution for trading derivatives, including hedging, speculating, and arbitrage, all on the blockchain. This is made possible through liquidity pools acting as counterparties for users. With Deri protocol, risk exposures are tokenized as NFTs, enabling them to be utilized in other DeFi projects for various financial purposes. By offering an efficient on-chain mechanism for exchanging and holding risks, Deri protocol has become a vital component of the DeFi infrastructure.
Issue Time
1970/01/01
Initial Price
US $ 0.00754598
Circulation/Max
209.01M/480.87M
Dominance
0.00%
ROI --%
Information
What Is Deri Protocol?
Deri Protocol is a decentralized derivative trading platform that allows users to hedge, speculate, and arbitrage. Trades are tokenized as highly composable NFTs and executed under the AMM paradigm. The protocol is based on Ethereum, Binance Smart Chain, Polygon Network, and Huobi Ecological Chain. It has also developed a cross-chain bridge to carry multi-chain swaps of its native DERI token between all supported chains – ETH, BSC, Polygon, and Heco.
Who Are the Founders of Deri Protocol?
The company is the brainchild of Dfactory Ltd., co-founded by 0xAlpha and Richard. Although the identity of the duo has remained largely anonymous, 0xAlpha was a university classmate with the core partners of the decentralized exchange. 0xAlpha obtained a Bachelor of Physics at Peking University and a Ph.D. in physics from Rice University. He has worked at Deutsche Bank, Hedge Funds, and Goldman Sachs. He has also co-founded a quantitative hedge fund trading commodities and financial futures.
When Was the Deri Protocol Launched?
The protocol was launched in February 2021.
Where Is Deri Protocol Located?
DFactory is headquartered in the British Virgin Islands, but some reports claim its primary office is in Hong Kong.
Deri Protocol Restricted Countries
At the time of writing, it is unable to confirm if users in certain regions are restricted from using the platform.
What Coins Are Supported on Deri Protocol?
Deri Protocol offers a number of products. Its futures, options, and powers markets are dominated by BTC/USD and ETH/USD. The platform currently supports three cryptocurrencies, with zero fiat currencies and cryptocurrency trading pairs.
How Much Are Deri Protocol Fees?
Transaction fees vary based on the product and crypto pair in question. For instance, the ETH/USD futures pair carries a transaction fee of 0.1%, while the SOL/USDT pair has an initial margin ratio of 10% and a transaction fee of 1%.
Is it Possible To Use Leverage or Margin Trading on Deri Protocol?
Deri Protocol offers an isolated margin mode with up to 25x leverage.
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