Deri Protocol DERI Price

What is Deri Protocol (DERI)?

Deri Protocol, introduced as a decentralized finance (DeFi) solution for trading derivatives, has rapidly gained attention in the blockchain space. Launched on the Ethereum blockchain, Deri Protocol offers users a unique platform for hedging, speculating, arbitraging, and trading derivatives on-chain.

Key Features of Deri Protocol

1. Derivatives Offered:

Deri Protocol provides a variety of derivatives, including Perpetual Futures, Everlasting Options, and Power Perpetuals. Traders can leverage these instruments for risk management and market speculation.

2. Innovative Trading Architecture:

The platform employs a non-custodial modified automatic market maker (AMM) mechanism, known as Deri Proactive Market Making (DPMM). This architecture facilitates trades and allows users to deposit margins to open futures or options positions.

3. Liquidity and Custodianship:

Liquidity is provided by liquidity providers held in pools, acting as de-facto custodians. This innovative approach ensures a dynamic and responsive trading environment.

4. Governance System - Deri Improvement Proposal (DIP):

Deri Protocol operates its own governance system through the Deri Improvement Proposal (DIP). Community members actively participate by submitting proposals, which are discussed, reviewed, and voted on by the entire Deri community.

5. DERI Token Utility:

The native cryptocurrency, DERI, powers the Deri Protocol ecosystem. Holders enjoy governance participation, liquidator qualification, and VIP transaction fee discounts, emphasizing community engagement and benefits.

How Deri Protocol Works

The protocol's smart contracts on the Ethereum blockchain calculate user positions with precision using mark prices, ensuring accurate position management. These positions are tokenized as non-fungible tokens (NFTs) that can be traded, transferred, or integrated into other DeFi projects for various financial purposes.

Deri Token - The Heart of Governance

DERI, an ERC-20 token, is integral to the protocol's governance. It enables community members to actively contribute to decision-making processes and receive privileges such as liquidator qualification and transaction fee discounts.

Where to Access DERI

DERI is tradable on various centralized exchanges (CEXs) and decentralized exchanges (DEXs). Notable platforms include MEXC Global, Gate.io, and Pancake Swap, each offering varying liquidity and market conditions.

A Glimpse into Deri Protocol's History

The whitepaper for Deri Protocol was unveiled in December 2020 by co-founders 0xAlpha (CEO) and Richard (CTO). The project's team, including members like Jason, Janice, and Daniel, has since played a crucial role in its development. With a total supply of one billion DERI tokens, the protocol has emerged as a significant player in the DeFi landscape.

In summary, Deri Protocol stands as a pioneering force in decentralized derivatives trading, combining innovative technology with community-driven governance. As it continues to evolve, Deri Protocol showcases the potential for decentralized finance to revolutionize traditional financial instruments on the blockchain.

What is unique about Deri Protocol (DERI)?

Deri Protocol offers a decentralized approach to derivatives trading on the blockchain, utilizing an innovative Deri Proactive Market Making (DPMM) mechanism and tokenizing risk exposures as non-fungible tokens (NFTs) for versatile use in the DeFi ecosystem.

Who are the founders of Deri Protocol (DERI)?

Deri Protocol was founded by 0xAlpha (CEO) and Richard (CTO), visionary leaders who introduced the platform in December 2020.

Who are the backers/investors of Deri Protocol (DERI)?

LD Capital, FBG Capital, Lotus Capital.

Where can I buy Deri Protocol (DERI)?

You can buy Deri Protocol (DERI) on Gate.io, CoinEx, Uniswap V3 (Arbitrum One), LATOKEN, PancakeSwap (v2) cryptocurrency exchanges.