The X2Y2 Perpetual Futures on Deri Protocol
We are excited to announce that the X2Y2 perpetual futures is now live at Deri Protocol’s Inno Zone on BNB Chain.
Perpetual Futures Specs
Base token: $BUSD, $USDC, $USDT, $XVS, $BNB, $BTCB, $ETH, $LTC, $SXP, $XRP, $DOT, $LINK, $DAI, $ADA, $CAKE, $TUSD, $TRX, $MATIC, $DERI
Min.Trade Unit (Notional): 1X2Y2
Funding rate coefficient: 3.858024691358e-6
Initial Margin Ratio: 10%
Maintenance Margin Ratio: 5%
Transaction Fee: 0.2%
About Deri Protocol
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
Deri 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. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.