Description
DIVA Protocol is a universal and flexible smart contract-based operating system for creating and settling derivative products peer-to-peer. With DIVA Protocol, developers can build a wide range of derivative applications, including insurance, structured products, prediction markets, conditional donations, and swaps, all in a permissionless and trustless way, without requiring smart contract programming skills. Key features include high customizability, full collateralization to eliminate counter-party risk, a built-in compliance layer, and interoperability as derivatives are represented as ERC20 tokens. It is a decentralized protocol that allows users to create and settle derivative products, also known as structured products, in a flexible and reliable way. The protocol is designed to be highly flexible, allowing for the creation of derivatives on any underlying asset or event, and is built on the Ethereum blockchain.