AMA RECAP WITH SATOSHI CLUB
- 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 think CEX are good. It’s just the defi world needs organic and built-in solutions for derivatives. For that purpose, CEX can do little. Deri is not to get rid of CEX. Part of Deri’s functions might depend on CEX too. For example, the arbitragers on Deri might put their heding position on CEX. So, in short, I think CEX and DEX will live together.
4. How can I get Deri token and stake it for the long term? Do I have to buy it from your smart contract address? What is the link to that?
Deri tokens are available on Sushi, Hotbit, 1inch
You can stake it on Sushi for SLP tokens are stake that on Premining.deri.finance for more Deri tokens.
https://app.sushiswap.fi/pair/0xa3dfbf2933ff3d96177bde4928d0f5840ee55600
5. I’d like to see some airdrops from you for users who holds Deri tokens. What do you say about this?
We are currently doing something very similar to an airdrop via our website premining.deri.finance. Simply stake your stablecoins to receive DERI while the event lasts.
6. Why sushi and not uniswap?
We like the vision of Sushiswap and how quickly they are able to turnaround with new features. DERI have been listed for their Onsen farms, which is where LPs for the DERI are able to get Sushi rewards as well as Deri.
*our Onsen pair is expected to roll out by late February
7. How is Deri protocol protected from flashloan attacks?
in every single step of Deri’s trading mechanism we carefully designed it so that it’s flashloan-proof. We are flashloan experts that we even suggested some solution for the Sushiswap team to improve their oracle solution while remaining flashloan-proof.
Plus, our code is audited by Peckshield. During the audit, flashload attach risk is on top of the priority to check.
8. Who have the right to change/add pool on your website? Is it possible to create a pool by myself?
During launch, the team is in charge of that.
Going forward, this will be open to anybody, but maybe with an auction procedure where people need to use DERI to bid for the right to launch a pool.
