We are delighted to announce Deri Protocols’s partnership with dForce, a Lending & Synthetic Asset Protocol, to promote the soon-to-be-launched dForce synthetic assets. USX, an over-collateralized stablecoin minted from dForce, will be added to Deri’s base token list to be used as deposit for derivatives trading.

The partnership with dForce is a solid step forward in increasing the diversity and variety of base tokens offered, and with it, the reach of Deri Protocol.

About dForce

dForce (https://dforce.network) advocates for building an integrated and interoperable open finance protocol matrix, covering assets (multicurrency stablecoins, synthetic assets, USDx, GOLDx), lending (global liquidity pool) and trading…


Highlights in April

  • Three new investors: AKG Ventures, a digital asset hedge fund, Krypto Research, and CryptoDormFund
  • The first Coinbase stock derivative in the DeFi field is launched on the platform, which tracks the price of Coinbase stock. Users can pledge BUSD for the pool to obtain DERI rewards
  • Deri Protocol UI was upgraded to 2.0, continuously improving user experience

Currently, the Deri Protocol 2.0 version is under development, and the V2 version of Deri will bring extreme capital efficiency to users in the field of DeFi derivatives trading.

A. Product progress

UI upgraded to version 2.0

On April 8, Deri completed the upgrade and deployed…


Financial derivatives are a function of a certain underlying asset such as stocks, commodities, currencies, indexes, bonds, etc. Futures, options, and swaps are common types of derivatives. The economic purpose of financial derivatives is to conveniently and accurately obtain risk exposure about a certain asset with a lower capital cost.

Back to derivatives, risk trading is the core function of finance, and it has always existed in the crypto world, but it is mainly done by centralized exchanges. However, the main mode of operation of a centralized exchange is a semi-centralized solution for off-chain matching and off-chain settlement. …


Dear User,

DeriProtocol contract trading officially launched at 16: 00 on March 4th, and garnered the participation and support of community users. At the request of the community, the event lasted 7 days and officially ended at 16: 00 (UTC + 8) on March 11, 2021!

Award rankings will be based on each participant’s USD (USD) earnings amount; The reward token will be sent directly to the participant’s wallet. (For example, if you use ETH’s USDT to participate, the reward will be issued directly to the ETH chain wallet. )
Rewards are given out within 5 days after the event!


Dear Deri Users,

The Deri trading pools will be officially launched at 8:00 UTC March 4. Users can select the chain (ETH, BSC, HECO), trading symbol (BTCUSD) and base token (USDT, BAC, BUSD, HUSD) to do the trading. As part of the kick-off, Deri will launch a trading competition!

Details of the trading competition are as follows:

Competition time: 8:00 UTC March 4, 2021–8:00 UTC March 10, 2021.

Participation: Go to the exchange.deri.finance and participate in contract trading.

Ranking rules: Participants will be ranked per their final profits (in USD), and awards will be granted accordingly;

Award distribution: The award…


1. If I’m right, Deri Protocol is built for derivatives and not spot, however, vast majority of Crypto users are into spot trading, only few experts know about derivatives, this makes me wonder why you decided to focus on derivatives and not spot?

Don’t you think the Technicality and complexity of derivatives would serve as a barrier for users trying to use Deri or how do you aim to make the platform as simple as A B C for them to use?

I believe projects like Uniswap/Sushiswap/Balancer/Curve/Pancake take care of the spot trading pretty well. And DeFi needs derivatives too…


INTRODUCTION

Deri is a decentralized protocol for users to exchange risk exposures precisely and capital-efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purposes. Having provided an effective on-chian mechanism to exchange and hold risks, Deri protocol has minted one of the most important blocks of the DeFi infrastructure.

1. What do you mean by…


  1. How is the Deri protocol funding rate calculated to balance the long and short sides of positions?

Basically the majority side positions need to pay the minority side positions. So some arbitragers will simply take the minority side to earn the funding fee, and then, the two sides are balanced.

2. How many types of Derivates Markets Deri Protocol is capable to support?

First stage we are supporting Perpetual contracts. Going forward, we will roll out futures with expirations and options.

3. Do you really think it’s possible to reduce dependency on the CEX? How will this be achieved

I…


Basic modules of modern finance A few months ago, in his article “Re-understanding DeFi from Eight Key Perspectives and Logics”, Dr. Chuanwei Zou sorted out the six functional modules in the modern financial system and their corresponding relationships with the DeFi system. Among the six basic modules, managing risk is sitting in the core of the entire financial system, and it is the more sophisticated part of finance. It needs to be pointed out that the risk management includes all the activities in the financial industry dealing with risks, including passive risk management that mitigates business risks (usually middle office’…

DeriProtocol

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