Deri Protocol is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects.
Embark on a thrilling journey into the world of decentralized finance with Deri Protocol - the ultimate solution for Derivative trading on the blockchain! Seamlessly hedging, speculating, and arbitraging have never been easier, as Deri Protocol empowers you to take control of your financial destiny.
Say goodbye to traditional complexities and embrace the future of finance, where trades are executed effortlessly under the AMM paradigm, and positions are transformed into highly composable NFTs. Experience the freedom to exchange risk exposures with unmatched precision and capital efficiency, as the Deri Protocol paves the way for a new era of DeFi infrastructure.
Journey and Milestones
- Deri Protocol was founded in February 2021 by Dfactory Ltd.
- In March 2021, Deri Protocol developed a cross-chain bridge to facilitate multi-chain swaps of its native token (DERI) between ETH, BSC, Polygon, and Heco.
- Deri Protocol partnered with Chainlink to obtain off-chain real-world data for its on-chain network.
- Deri Protocol V1 was launched halfway through 2021, supporting perpetual futures contracts on Ethereum, and Polygon before migrating to BNBChain.
- In March 2022, V2 of the Deri Protocol was launched, adding everlasting options contracts and power perpetual contracts.
- In December 2022, Deri Protocol V3 was launched. They optimized the platform by increasing performance and capital efficiency, supporting multiple blockchain networks in addition to introducing new trading features.
- DeriAI was introduced in February 2023, it leverages the transparency and security of the blockchain to provide a personalized investment experience. It is also compatible with ZkSync, Arbitrum and Binance Smart Chain.
- NFT Derivatives were introduced by Deri Protocol enabling NFT holders or non-holders to manage the NFT market risk.
- In April 2023, launched the Referral Program meticulously designed to stimulate platform growth, boost liquidity, and foster partnerships within the DeFi ecosystem.
- The platform architecture is based on the proactive market-making (PMM)
- mechanism, first introduced by DODO. The PMM uses a virtual order book to offer an increased capital efficiency compared to a traditional automated market maker (AMM) mechanism such as Uniswap’s.
- NFT-based positions. Deri Protocol's positions are tokenized as non-fungible tokens (NFTs). Users will be given an NFT based on the positions taken which cannot be copied or duped. You can also trace the history and performance using the NFT.
- Cross-chain compatibility. Deri Protocol is currently compatible with the BNB Chain, Arbitrum, and zkSync Era mainnet. This means that users can trade Derivatives on Deri Protocol regardless of which blockchain they prefer.
- In addition, the Deri V4 employs a groundbreaking approach to enhance trading speed and reduce gas costs. By executing the main logic on Deri’s Layer 3 (L3) infrastructure, the protocol significantly improves transaction processing times. Traders can enjoy faster order execution and trade settlements, providing a seamless trading experience.
- A new derivative, Gamma Swap, has been officially live on Deri Protocol. It can be considered a groundbreaking innovation in derivatives, both in DeFi and finance.
- Deri Protocol has encountered various challenges in the realm of DeFi Derivatives, with one prominent hurdle being the scarcity of liquidity within the market.
- In response, the protocol has dedicated its efforts to establishing a robust and vibrant community of liquidity providers.
- To incentivize participation, Deri Protocol offers an array of benefits, including attractive Annual Percentage Yields (APY) and referral rewards.
- Moreover, the platform recognizes the importance of regulatory compliance and has proactively engaged in close collaboration with regulators to align on compliant practices and promote a secure and trustworthy environment for participants.
Deri Protocol is planning to continue to grow and expand in the future. Some of the specific plans include: Adding support for more blockchain networks:
- Deri Protocol aims to broaden its compatibility and integration by adding support for additional blockchain networks. This will enable users to access the platform from various ecosystems, increasing its reach and user base.
- Introducing new Deri Protocolvative products: Deri Protocol plans to enhance its product offerings by introducing a diverse range of new Deri Protocol Native products.
- Developing new features and orders: To improve the overall trading experience, Deri Protocol will be continuously developing and implementing new features and order types.
- Expanding into new markets: Deri Protocol aims to explore and enter new markets to expand its global presence.
- Gearing up for the release of V4: The key innovation in Deri Protocol V4 lies in its architecture, which consists of two main components: a request interface and an execute engine, implemented as two groups of smart contracts.
- Deri V4 will set DERI token as one of the base tokens, offering additional benefits for both liquidity providers (LPs) and traders. LPs can stake DERI as liquidity, enjoying rewards and incentives while contributing to the growth of the ecosystem.
With these strategic plans in place, Deri Protocol seeks to solidify its position as a leading decentralized Derivatives platform and provide a comprehensive suite of tools and opportunities for the DeFi community to engage in sophisticated and secure trading activities. They will shift to a unified liquidity pool as opposed to multiple pools over the different blockchains.