Deri is a decentralized protocol to exchange the “Greeks”, e.g. delta, gamma, vega. This is achieved by interacting with the liquidity pools.
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Deri is short for derivative. As indicated by the name, the Deri protocol facilitates people to trade derivatives. Essentially, the Deri protocol is a decentralized protocol allowing users to exchange risk exposures precisely and capital-efficiently. As THE SOLUTION to decentralized derivative exchange, the Deri protocol is designed with all the defining features of DeFi and financial derivatives in its nature.
Deri protocol provides liquidity pools of perpetual contracts, with which people can exchange Detla. Going forward, other types of pools will be launched to enable people to exchange other Greeks, e.g. Vega.
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-chain mechanism to exchange and hold risks, the Deri protocol has minted one of the most important blocks of the DeFi infrastructure.
The CEO of Deri protocol is 0xAlpha.
0xAlpha is a Bachelor of Physics at Peking University and a Ph.D. in Physics at Rice University. Later, 0xAlpha worked at Deutsche Bank, Hedge Funds, Goldman Sachs (also known as Wall Street) in New York, and worked on derivatives pricing, trading strategy design and risk management. 0xAlpha also co-founded a quantitative hedge fund trading commodities and financial futures with other partners before, so 0xAlpha have extensive experience in the design, pricing and trading of financial derivatives.
Following are some of the most unique features of Deri Protocol.
Real DeFi: Deri Protocol is a group of smart contracts deployed on the Ethereum 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 precision; positions are maintained by a 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. USDT or DAI). That is, the protocol does not enforce any specific “in-house chip”.
Simplicity: Deri protocol adopts an extremely simple trading process.
If you’re looking for a place to buy Deri Protocol (DERI), the best cryptocurrency exchange for trading Deri Protocol (DERI) is Bitget, Gate.io, MEXC, XT.COM, and BKEX.
No. There is no direct method to purchase Deri Protocol (DERI) using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact Mogul Productions’ (STARS)’s price and market cap.
Deri Protocol (DERI) Official Website – https://deri.finance/
Deri Protocol (DERI) Twitter – https://twitter.com/DeriProtocol
Deri Protocol (DERI) Medium – https://deri-protocol.medium.com/
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