Derivable

Uniswap solves the spot DEX problems. Derivable solves the perpetuals futures DEX problems.

Perpetual and futures exchanges (CEXs and DEXs) have been struggling with position liquidation and counter-party risks, along with the complication of premium and funding rates pricing, as they depend on many independent factors, including price volatility, funding time, and market balance. Derivable introduces a novel asymptotic power curve that deleverages itself as it approaches the reserve limit. This curve allows the creation of an AMM for leveraged perpetual and future derivatives of any index value without the risks of liquidation or under-collateralization.

Derivable can efficiently run in Ethereum mainnet without any permissioned role or centralized backend service. It allows perpetual pools of any token pair to be created, and anyone can take sides as either liquidity providers or long-short traders.

Long and short “positions" are fungible tokens with no risk of liquidation and will deleverage themself as they approach the pool reserve. Pool liquidity is infinite with no risk of bank runs. LP token’s exposure is protected and compensated by funding rates from Long and Short.

Website: https://derivable.org

Github: https://github.com/derivable-labs

Twitter: https://twitter.com/DerivableLabs