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Deri Protocol
Deri Protocol is a Web3 derivatives protocol for on-chain hedging, speculation, and arbitrage. It offers futures, options, power perpetuals, and Gamma swaps across multiple blockchain networks for traders and liquidity providers.
Distributed
Description
Deri Protocol is a decentralized Web3 derivatives protocol and xDapp that consolidates liquidity across supported layer 1 and layer 2 networks. Its trading offering includes perpetual futures, everlasting options, power perpetuals, and Gamma swaps. Traders can use the protocol for hedging, speculation, and arbitrage, while liquidity providers supply pool liquidity and earn transaction fees, funding fees, and DERI awards. The protocol uses oracle-updated mark prices, margin-based positions with leverage, and tokenized positions.Grant Funding
VC Funding
None
2021
$0
$5M