Introduction
Deri Protocol is a decentralized application (dApp) designed to offer continuous financial exposure through perpetual derivatives, including futures, options, and Power Perpetuals. The platform operates across several major blockchains, including Ethereum, Arbitrum, BNB Chain, and Polygon zkEVM, ensuring accessibility and scalability. Governed by its native DERI token, the protocol empowers users with voting rights and exclusive privileges, such as reduced fees and access to liquidator roles. It aims to bridge the gap between centralized finance and DeFi by introducing transparency and innovative products.
Background and History
The Deri Protocol was created to provide decentralized alternatives to traditional derivative markets. Its mission is to deliver advanced financial tools that enable traders to maintain positions without expirations, reducing dependency on centralized exchanges. From its inception, the project has prioritized multi-chain deployment, expanding to Arbitrum and other networks for better performance and scalability. Key milestones include the launch of liquidity mining programs and the introduction of unique derivative instruments like Power Perpetuals, which help hedge against impermanent loss—a common risk in DeFi.
Key Features & Contributions & Technologies
- Perpetual Derivatives: Offers futures and options without expiration dates, allowing continuous exposure to financial markets.
- Leverage Trading: Provides leverage up to 25x on Arbitrum, enhancing trading opportunities.
- DPMM (Proactive Market Making): An advanced liquidity model that optimizes trade execution and reduces slippage.
- Multi-Chain Deployment: Available on Ethereum, BNB Chain, Arbitrum, zkSync, and more, ensuring high accessibility.
- Governance and Privileges: The DERI token offers both voting rights and access to exclusive features, like reduced fees and liquidator roles.
Usage and Applications
Deri Protocol’s primary use cases include trading derivatives without the need for contract rollovers, providing liquidity on decentralized exchanges, and participating in governance through staking DERI tokens. Liquidity providers benefit from staking rewards by adding liquidity to pools on platforms like PancakeSwap and SushiSwap. The protocol’s governance model ensures that community members have a say in key decisions while enjoying trading privileges based on their token holdings.
Governance & Tokenomics
Governance in Deri Protocol revolves around the DERI token, which serves as both a governance tool and a privilege token. Token holders participate in decision-making processes and gain access to exclusive business incentives, such as reduced transaction fees and qualifications for liquidator roles. A significant portion of the token supply is allocated to liquidity mining initiatives, promoting sustained growth and participation within the ecosystem.
Notable Events
- August 2022: Launch of liquidity mining programs on PancakeSwap and SushiSwap, increasing liquidity and adoption.
- November 2023: Deployment on Arbitrum, enabling high-leverage trading with up to 25x leverage.
- March 2024: Introduction of Power Perpetuals, offering new tools for hedging against impermanent loss and advanced trading strategies.
