As THE SOLUTION to decentralized derivative exchange, Deri Protocol is designed with all the 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 stable coin, e.g. USDT or DAI). That is, the protocol does not enforce any specific “in-house chip”.
Simplicity: Deri protocol adopts an extremely simple trading process.