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Deri Protocol
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  • Crypto / Web3
Updated 673 days ago
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Project Link
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Life-time
Contributions Received

  • $ 488 Community Contribution
  • 291 Contributors
  • 1,433 Votes Received
Vision
DERI Protocol is a decentralized protocol to exchange risk exposures precisely and capital-efficiently.
Description

As THE SOLUTION to decentralized derivative exchange, Deri Protocol is designed with all the defining features of DeFi and financial derivatives in its nature.

Real DeFi: Deri Protocol is a group of smart contracts deployed on ethereal blockchain, where the exchange of risk exposures takes place completely on-chain.

Real derivative: The PnL’s of the users’ positions are calculated with mark price updated by oracle, which ensures the precision; positions are maintained by margin, which provides built-in leverage.

Composability: Positions are tokenized as non-fungible tokens (NFT), which can be held, transferred or imported into any other DeFi projects for their own financial purposes (as blocks in their own “lego game”).

Openness: anybody can launch a pool with any base token (but usually with stable coin, e.g. USDT or DAI). That is, the protocol does not enforce any specific “in-house chip”.

Simplicity: Deri protocol adopts an extremely simple trading process.

  • Grant Participation
  • Hackathon Participation
  • Contribution History
  • Upvote History

  • Blockchain Hackathon @Southeast Asia

    Closed  · 2021/03/24 21:26 - 2021/05/30 12:00
    • 488.96 USDC Community contribution
    • 291 Contributors
    • 1433 Votes received