Deri Protocol Announces Partnership with dForce to Promote USX

Deri Protocol
2 min readMay 11, 2021


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 ( 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 (aggregator and AMM). dForce is currently deployed on Ethereum and Binance Smart Chain (BSC).

The team includes both crypto veterans and professionals from Goldman Sachs, Standard Chartered Bank, CitiBank, Hony Capital. dForce is backed by investors including CMBI (China Merchants Bank International), Multicoin Capital and Huobi Capital (the investment arm of Huobi Group).

They work with the world’s top-ranked security companies (Trail of Bits, Consensys Diligence, Certik, Quantstamp, Certora, PeckShield, SlowMist, SECBIT) on smart contract audits for all dForce native protocols.

dForce Token (DF) is the governance token across dForce network, conferring holders the power to influence decisions concerning dForce protocols, including onboarding of new assets and collaterals, changes to risk parameters, fee accrual, interest alignment through voting process.

About Deri Protocol

Deri Protocol( is a decentralized protocol to exchange risk exposures precisely and capital-efficiently.

Moreover Deri Protocol is designed and developed by Defi Factory, a team of experts of finance, math and computer science. The core members have PhD degrees in science and come from the derivative business of Wall Street. The team has in-depth experiences of derivative pricing/trading/structuring. Audited by Peckshield, Deri Protocol is designed with a number of defining features of DeFi and financial derivatives in its nature:

Real DeFi: Deri Protocol is a group of smart contracts deployed on ethereal blockchain, where the exchange of risk exposures takes place completely on-chain.

Real derivative: The PnL’s of the users’ positions are calculated with mark price updated by oracle, which ensures the precision; positions are maintained by margin, which provides built-in leverage.

Composability: Positions are tokenized as non-fungible tokens (NFT), which can be held, transferred or imported into any other DeFi projects for their own financial purposes (as blocks in their own “lego game”).

Openness: anybody can launch a pool with any base token (but usually with stablecoin, e.g. USX, USDT, or DAI). That is, the protocol does not enforce any specific “in-house chip”.

Simplicity: Deri protocol adopts an extremely simple trading process.

Deri Protocol


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Deri Protocol

Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.