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 tokenizing the risk exposures into NFTS?
In Deri, your trading position (and hence your risk exposure) is represented by an NFT token (ERC721). Basically when you establish a position Deri pool will mint an NFT containing all the position info. You have this NFT in your wallet and you can do whatever you want just as any other token.
2. Does Deri Protocol target only crypto enterprises? What about the real-world companies?
Deri is not limited by the crypto world. And price/index can be fed by oracle, it could be traded on Deri.This include:prices of cryptocurrencies like BTC, ETH
Stock index like SP500
Single stocks like TSLA
3. Can you share the current progress of your project?
We are currently in the premining stage, which is to prepare the liquidity to kick off trading pools.
We are holding a tvl race where 4 pools are competing to reach their tvl targets. The bac pool has already reached its finish-line, so in a few days it will be migrated into a trading pool. That is when the deri trading starts.
4. Nowadays, users are increasingly concerned about privacy issues when there are many user data leak cases in the world. So how does Deri Protocol solve this problem?
Deri just doesn’t collect or keep user data. Actually this is an advantage of DeFi. Unlike the internet giants who collect and exploit your data, DeFi projects simply don’t carry out things that way.
5. Can we see token burns or buy backs in future?
Deri token will not be burned but there are a number of use-cases of DERI in the future, such as paying for transaction fees, bidding to launch pool on DERI, etc
6. What difficulties does DER FINANCE face right now while crypto/blockchain market are still young and need time to grow?
There is no perfect and dominant solution for defi derivative out there yet. As a comprehensive and practical defi derivative solution, Deri has a great chance to become THE solution of defi derivative.
7. What’s the focus of the DERI FINANCE now? Build and develop products, win customers and users or partnerships?
we are focused on migrating the premining pools reaching TVL targets to trading pools for the moment. And of course are building our community and partnerships with other defi projects.
8. What are next 100 days plan for you? Both technically and growth of ecosystem
Technically, in the next 100 days we will complete the premining stage and move forward to launch a number of trading pools (of perpetual contracts). And the next milestone is going to cross-chain bridge and layer2
also we will cooperate with a number of other DeFi projects to promote partnership and cooperation. One of the examples for now is our partnership with the basis community. going forward, we will over ten partnerships like that. > ecosystem wise, we will grow our community on the 3 chains (ETH/BSC/HECO), also we will cooperate with a number of other DeFi projects
9. How you see all 3 chains pro and cons of each?
ETH is still the dominant player of DeFi, there is no doubt about that.
However, due to eth’s overload, it does have the issue of being slow and gas-expensive. So for people caring about latency and gas-cost, BSC and HECO actually provide good options. Going forward, i think it’s good if we can put the 3 chains into 1 unified ecosystem. “3 chains, 1 ecosystem” is a defining feature of Deri.