What is Deri Protocol (DERI)? Discover the Exciting Features and Benefits!

The world of finance is constantly evolving and new technologies are being developed to make it easier for investors to access the financial markets.

One of the most promising projects to come out of this movement is Deri Protocol, which is a decentralized derivatives platform that allows users to trade, borrow, and lend financial instruments on the Ethereum blockchain.

In this article, I’ll be exploring what Deri Protocol is, how it works, and what makes it so special. So, let’s dive in!

History of Deri Protocol

Deri Protocol is a decentralized derivatives platform that enables users to trade, borrow, and lend financial instruments on the Ethereum blockchain. It is an open protocol that offers a secure, trustless, and permissionless way to trade and invest in derivatives. Deri Protocol was launched in 2020 and is quickly gaining traction as a leading platform for digital asset trading.

The project is supported by a team of experienced developers and blockchain experts who are dedicated to creating a more efficient, secure, and easy-to-use platform. They are committed to providing users with a secure, trustless, and permissionless platform for trading and investing in derivatives.

Deri Protocol is designed to be an open and transparent platform. It has a strong focus on security and compliance, and all transactions are audited and monitored by a team of experienced developers. Deri Protocol is also committed to providing users with an easy-to-use interface and tools that make it easy to trade and invest in derivatives.

Who Are the Founders of the Deri Protocol?

The idea for the company was inspired by Dfactory Ltd., which was set up by two people, 0xAlpha and Richard. Their identities have stayed a secret largely, but 0xAlpha attended college with the main members of the decentralized exchange. 0xAlpha achieved a Bachelor of Physics at Peking University and a Ph.D. in physics from Rice University. He has had experience working at Deutsche Bank, Hedge Funds, and Goldman Sachs, and he also helped to initiate a quantitative hedge fund that traded commodities and financial futures.

When Was the Deri Protocol Launched?

The Deri protocol was launched in February 2021.

What is Deri Protocol?

Deri Protocol is an open and transparent protocol for decentralized derivatives trading. It is an Ethereum-based platform that allows users to trade and invest in derivatives without having to trust any third party. Deri Protocol offers a secure, trustless, and permissionless platform for trading and investing in derivatives.

The platform is designed to be easy to use, and it provides users with a range of tools and features to help them make informed decisions when trading and investing in derivatives. It also offers users a range of liquidity options, including limit orders, market orders, and stop orders.

Deri Protocol is powered by a token called DERI. DERI is an ERC-20 token that is used to pay for services on the platform, such as trading fees and liquidity rewards. Users can also earn DERI tokens by providing liquidity on the platform.

What is a derivative in finance?

A derivative is a financial instrument that derives its value from an underlying asset. Derivatives are used to hedge risks, speculate on markets, and manage investments. Common types of derivatives include futures, options, forwards, and swaps.

Derivatives are traded on exchanges, and they can be traded over the counter (OTC). Derivatives are a form of leverage, which means that they can be used to increase returns on investments. However, they also come with a high level of risk, so they should only be used by experienced investors.

How does Deri Protocol work?

Deri Protocol is powered by a consensus algorithm called Proof-of-Stake (PoS). This algorithm ensures the security of the platform and ensures that all transactions are validated by a consensus of stakeholders.

The platform is designed to be transparent and open, and all transactions are monitored and audited by a team of experienced developers. Deri Protocol also has a strong focus on security and compliance, and all transactions are securely stored on the Ethereum blockchain.

Deri Protocol also offers users a range of tools and features to help them make informed decisions when trading and investing in derivatives. The platform’s user interface is designed to be easy to use, and users can access a range of liquidity options, including limit orders, market orders, and stop orders.

Read: What Are Decentralized Exchanges, And How Do DEXs Work? 20 Best Decentralized Exchanges For 2023

DPMM (Proactive Market Making)

DODO first developed Proactive Market Making (PMM) for spot trading and Deri Protocol has since utilized this in the formation of their derivative-oriented PMM paradigm: Deri Proactive Market Making (DPMM).

Perpetual futures and everlasting options are two kinds of perpetual derivatives that require one long position to pay one short position a funding fee, with the “intrinsic value” being a function of the underlying asset’s cost. The Power Perpetuals is another example of a funding-fee-based perpetual derivative.

The Deri V3 DPMM (Derivatives Price Management Module) has combined the money provision and pricing systems for any derivatives that involve a funding fee. This means the Deri V3 DPMM has been developed to process all perpetual derivatives, rather than just perpetual futures or everlasting options.

This has made a big structural change to the DPMM of Deri V3, which now only has one trading pool (smart contract) that is responsible for pricing and funding fees.

For more details, please read the DPMM (Proactive Market Making) article: DPMM (Proactive Market Making)

External Custody

Deri V3 employs a money market protocol to serve as an “external custodian” to provide the following abilities:

• To secure and store users’ resources in one or a few base tokens.
• To calculate the overall dynamic effective worth of the funds deposited by the user.

For more details, please read the External Custody article: External Custody

Funding Fee

Neither Perpetual Futures nor Everlasting Options charge any fees; instead, they apply funding fees. These fees are paid by traders and liquidity providers directly to each other on a cyclical basis.

Deri Protocol does not take any portion of the funding fees as it is a peer-to-peer transaction. Depending on the derivative type, the market direction, and the net position, either the trader or the liquidity provider will have to pay or receive the funding fees.

For more details, please read the Funding Fee article: Funding Fee

Leverage

The Deri Protocol allows traders to have an advantage with leverage (up to 12.5x on BNB Chain & 25x on Arbitrum) by covering a position with less margin than the complete size of the position. The use of leverage, depending on its level, greatly affects your margin requirement and can increase the possibility of liquidation.

So, traders should understand how leverage works, along with its operations and the risk of loss or liquidation. To stop your account/position from going below the Maintenance Margin requirement and being liquidated, you can deposit enough margin to your position(s) to maintain the margin requirement.

For more details, please read the Leverage article: Leverage

Margin Requirement

When trading, a margin requirement is the amount of money an individual is mandated to provide from their own assets as a percentage of their marginal assets. This margin requirement can further be broken down into the Initial Margin Requirement and the Maintenance Margin Requirement. For more details, please read the margin requirement article: Margin Requirement

Liquidation

Taking a loan of assets from the liquidity providers of the same pool in order to purchase/sell an asset is referred to as opening a leveraged position.

If the cost of the asset/position (that you are trading) goes down, the losses will be equal to the value of your margin. It should be kept in mind that if you have positions in multiple symbols of the same trading pool, then the total margin requirement would be calculated for all your positions.

Furthermore, forced liquidations will also be implemented at the account level. If a forced liquidation occurs, all of your margin balance will be lost, meaning your margin balance will become 0.

Additionally, if there is any price fluctuation that causes the dynamic effective balance of your account to decrease below the Maintenance Margin Requirement, then account-level liquidation will take place. For more details, please read the Liquidation article: Liquidation

Mining (AMM Liquidity Mining)

Mining (AMM Liquidity Mining) is an exciting new way to earn cryptocurrency. Through liquidity mining, users stake their crypto assets on a decentralized exchange, or DEX, to provide liquidity to the exchange. This liquidity can then be used to generate rewards, which are paid out in cryptocurrency.

The Deri Protocol is one of the leading AMM Liquidity Mining protocols and is quickly becoming one of the most popular ways to earn crypto. Through its decentralized platform, Deri Protocol allows users to stake their crypto for liquidity rewards. It also allows users to customize their rewards and use automated market makers (AMMs) to generate liquidity rewards.

With Deri Protocol’s user-friendly platform, it’s never been easier to earn crypto rewards! So if you’re looking for a new way to make some extra crypto, mining (AMM Liquidity Mining) is definitely worth considering.

Deri Protocol Pros and Cons

Pros:

1. Decentralized Governance: Deri Protocol is a decentralized platform where all decisions are made by the community, leading to fair and transparent decision-making.
2. Scalability and Efficiency of Transactions: The protocol uses its native blockchain architecture to ensure scalability, efficiency, and speed in transactions.
3. Security of Assets: All assets on the Deri protocol are secured with strong cryptography, making it resistant to hacking attempts or manipulation from malicious actors within the network.
   
4. Interoperable Platforms: The protocol allows for interoperable platforms that can connect different blockchains together for various purposes such as data exchange or value transfer between chains
   
5. Regulation Compatible: The Deri Protocol is designed in compliance with regulations set out globally by governments across numerous jurisdictions which grants users peace of mind when trading tokens on its platform
   

Cons:

1. Lack of Innovation Incentives: Deri Protocol does not incentivize developers to innovate, as it is restricted by the rules set in place by the protocol. This means that some projects may be stuck in outdated technology or fail to keep up with industry trends.
2. Potential for Centralization: Since Deri Protocol is run on a centralized platform, there could be potential issues with centralization if one entity has too much control over the network and its infrastructure.
3. Expensive Fees: The cost associated with using and running nodes within the Deri Protocol can be expensive compared to other blockchain protocols due to its heavy reliance on resource-intensive computing power needed for consensus mechanisms like Proof of Work (PoW).
   
4. Security Weaknesses: As networks become more complex and larger they are also vulnerable to potential security risks such as 51% attacks, double spending, etc., which can potentially damage users’ funds stored within wallets connected directly or indirectly through exchanges.
5. Regulatory Uncertainty: Regulatory uncertainty poses a significant risk when it comes to operating any type of financial service including decentralized finance (DeFi) built upon blockchain infrastructure such as Ethereum Virtual Machine (EVM) based smart contracts implemented via language like Solidity & Vyper used primarily in DeFi applications developed under layers provided by protocols like Deri Protocol

What makes Deri Protocol so special?

Deri Protocol is a unique and innovative platform that offers users a range of features and benefits. It is an open protocol that allows users to trade and invest in derivatives without having to trust any third party. Deri Protocol is powered by a consensus algorithm called Proof-of-Stake (PoS), which ensures the platform’s security and that all transactions are validated by a consensus of stakeholders.

The platform is also designed to be easy to use, and it provides users with a range of tools and features to help them make informed decisions when trading and investing in derivatives. It also offers users a range of liquidity options, including limit orders, market orders, and stop orders.

Deri Protocol is also committed to providing users with a secure, trustless, and permissionless platform for trading and investing in derivatives. All transactions are securely stored on the Ethereum blockchain, and the platform is audited and monitored by a team of experienced developers.

• Real DeFi: The Deri Protocol encompasses a set of smart contracts that have been uploaded to the Ethereum blockchain, and it facilitates the entire process of exchanging risk exposures on the chain.
• Real derivative: The profits and losses of users’ positions are determined with the marked price adjusted by the oracle, making sure that the details are precise; these positions are safeguarded by a margin that offers a built-in advantage.
• Composability: Positions are represented as non-interchangeable tokens (NFTs), which can be owned, moved, or used in other DeFi platforms for their own financial objectives (similar to pieces in a Lego set).
• Universality: The Deri V3 trading pool has the capability to manage multiple perpetual derivatives that are based on funding fees! This means that liquidities do not have to be segregated according to each derivative type. The organization of these liquidities can be customized to meet the needs of traders.
• External Custody: When the user deposits their capital, it will be stored in a money market protocol, which has been tested and proven to work over time and in large numbers. Liquidity Providers and Traders can benefit from this by earning interest and rewards from the protocol’s liquidity mining (v3 pools).
• Dynamic mixed margin: Deri Protocol has created a margin system that allows for different base tokens to be utilized simultaneously! This system permits traders to pick one or more of the supported base tokens to provide the margin.
• Dynamic liquidity providing: Liquidity providers are allowed to choose any combination of the available base tokens to supply liquidity. The amount of liquidity supplied is also adjustable.
• Multiple trading symbols in one pool: It is now possible to execute trades in various symbols in one pool, thus improving capital efficiency since different symbols are utilizing the same liquidity center.
• Simplicity: The Deri protocol follows a greatly simplified trading system.
• Openness: Anyone is capable of initiating a pool with any base token, usually a stablecoin such as USDT or DAI, and the protocol does not require any particular “internal currency”.
• Intercompatibility: The Deri Token is able to be used across multiple Blockchains thanks to its special Cross-Chain Deri Bridge, which is compatible with Ethereum, Binance Smart Chain, and Huobi Eco Chain. Additionally, Deri is also compatible with Polygon, which is a system for enhancing the scalability of Ethereum Blockchain.

With the introduction of external custody, Deri Protocol V3 allows multiple base tokens to be used with improved scalability and capital efficiency. Additionally, the DPMM of Deri V3 facilitates perpetual derivatives that are based on the funding fee.

This enables the protocol to organize liquidity more flexibly across different types of derivatives, which makes creating derivative innovations much simpler. In this way, Deri Protocol V3 is a pivotal DeFi 2.0 project that will take the DeFi “lego gameplay” to a higher level. Moreover, Deri’s Everlasting Options is the first of its kind in the entire financial world, not just DeFi or the crypto sector.

Key Roles of Deri Protocol

Deri Protocol is designed to be an open and transparent platform. It has a strong focus on security and compliance, and all transactions are monitored and audited by a team of experienced developers. Deri Protocol is also committed to providing users with an easy-to-use interface and tools that make it easy to trade and invest in derivatives.

The platform has a number of key roles, including providing a secure and trustless platform for trading and investing in derivatives, providing users with a range of liquidity options, and providing users with tools and features to help them make informed decisions when trading and investing in derivatives.

Deri Protocol also has a number of other roles, such as providing liquidity for other projects, acting as a bridge between different blockchain networks, and acting as a bridge between traditional finance and digital assets.

• Liquidity Providers: Liquidity suppliers supply liquidity to the pools in order to earn transaction fees, funding fees, DERI awards, etc., and thereby act as the counterpart to traders.
• Traders: The individuals who take advantage of the Deri Protocol to deal in derivatives are referred to as the end-users.
• Arbitragers: Investors referred to as arbitragers take advantage of the funding fee discrepancies between long and short positions in order to achieve a balanced portfolio.
• Position liquidators: When a trader’s position has fallen below the liquidation line, a liquidator is able to use the gas to liquidate the position and then distribute a portion of the remaining margin of the position as a reward.

Deri Protocol Roadmap

Deri Protocol has an ambitious roadmap for the future. The team is focused on improving the platform and expanding its reach. They have plans to add new features such as automated market makers, margin trading, and options trading. They also plan to launch a range of products and services that will make it easier for users to access the financial markets.

The team is also focused on developing partnerships with other projects and exploring new use cases for the platform. They are committed to providing users with a secure, trustless, and permissionless platform for trading and investing in derivatives.

For more details, please read the Deri Protocol Roadmap article: Deri Protocol Roadmap

Investors

Technology Behind Deri Protocol

Deri Protocol is powered by a consensus algorithm called Proof-of-Stake (PoS). This algorithm ensures the platform’s security and that all transactions are validated by a consensus of stakeholders.

The platform is designed to be open and transparent, and all transactions are monitored and audited by a team of experienced developers. Deri Protocol also has a strong focus on security and compliance, and all transactions are securely stored on the Ethereum blockchain.

The platform also offers users a range of tools and features to help them make informed decisions when trading and investing in derivatives. The platform’s user interface is designed to be easy to use, and users can access a range of liquidity options, including limit orders, market orders, and stop orders.

Deri Protocol Governance

Deri Protocol is an open and transparent platform. It is governed by a group of stakeholders, including developers, investors, and users. The stakeholders are responsible for making decisions about the future of the platform, and they are committed to providing users with a secure, trustless, and permissionless platform for trading and investing in derivatives.

The platform is also designed to be self-governing, and it is designed to be able to respond quickly to changes in the market. The platform is also designed to be compliant with laws and regulations, and all transactions are monitored and audited by a team of experienced developers.

What Coins Are Supported on Deri Protocol?

The Deri Protocol provides a wide range of products. Its futures, options, and powers exchanges are mainly focused on BTC/USD and ETH/USD. As of now, the platform supports three digital currencies and has zero fiat money or cryptocurrency pairings.

How Much Are Deri Protocol Fees?

The cost of a transaction depends on the type of product and the cryptocurrency combination. For example, the ETH/USD futures pair has a 0.1% transaction fee, whereas the SOL/USDT pair requires a 10% initial margin and a transaction fee of 1%.

Trading

Deri Protocol offers users a range of liquidity options, including limit orders, market orders, and stop orders. The platform is designed to be easy to use, and users can access a range of tools and features to help them make informed decisions when trading and investing in derivatives.

The platform is also designed to be secure and compliant, and all transactions are securely stored on the Ethereum blockchain. Deri Protocol also has a strong focus on security and compliance, and all transactions are monitored and audited by a team of experienced developers.

Where is Deri protocol traded?

Deri Protocol is listed on a range of exchanges, including Binance, Huobi Global, and Bitfinex. The team is also exploring new partnerships and exploring new use cases for the platform.

How to trade on Deri Protocol – Perpetual Futures

How to trade on Deri Protocol – Everlasting Options

How to trade on Deri Protocol – Power Perpetuals

Deri Protocol Supported Wallet for Desktop and Mobile dApp

Desktop: The Metamask wallet for the desktop is supported for interactions with Deri Protocol as part of the desktop version of Metamask.

Mobile: Currently, Deri protocol supports a number of mobile wallets for dApps

• Metamask
• imToken
• Math Wallet
• Trust Wallet
• Bitkeep Wallet
• ONTO Wallet
• TockenPocket
• Coin98
• Safepal

Mining

Deri Protocol is powered by a consensus algorithm called Proof-of-Stake (PoS). This algorithm ensures the security of the platform and ensures that all transactions are validated by a consensus of stakeholders.

Deri Protocol also offers users a range of tools and features to help them make informed decisions when trading and investing in derivatives. The platform’s user interface is designed to be easy to use, and users can access a range of liquidity options, including limit orders, market orders, and stop orders.

The platform also offers users the opportunity to mine DERI tokens. DERI is an ERC-20 token that is used to pay for services on the platform, such as trading fees and liquidity rewards. Users can also earn DERI tokens by providing liquidity on the platform.

How to mine on Deri Protocol – AMM Liquidity Mining

AMM liquidity mining is a process by which users can mine DERI tokens by providing liquidity to the Deri Protocol AMM (automated market maker). The AMM is a decentralized exchange that uses an algorithm to match buyers and sellers and facilitate trades.

When users provide liquidity to the AMM, they are rewarded with DERI tokens. The tokens can then be used to pay for services on the platform, such as trading fees and liquidity rewards.

There are two methods to gain Liquidity and dig for DERI. The first is to provide liquidity to the internal pools (Mining (AMM Liquidity Mining) or to provide liquidity to pre-established spot DEX trading pairs (PancakeSwap & Sushiswap) to improve spot liquidity. In both scenarios, Liquidity Miners earn DERI.

This article concentrates on AMM Liquidity Mining by offering liquidity to internal pools.

How to mine on Deri Protocol – DERI Liquidity Mining

DERI liquidity mining is a process by which users can mine DERI tokens by providing liquidity to the Deri Protocol DERI Pool. The DERI Pool is a decentralized pool of liquidity that is used to provide liquidity for various trading pairs on the platform.

When users provide liquidity to the DERI Pool, they are rewarded with DERI tokens. The tokens can then be used to pay for services on the platform, such as trading fees and liquidity rewards.

There are two methods to gain Liquidity and dig for DERI. The first is to provide liquidity to the internal pools (Mining (AMM Liquidity Mining) or to provide liquidity to pre-established spot DEX trading pairs (PancakeSwap & Sushiswap) to improve spot liquidity. In both scenarios, Liquidity Miners earn DERI.

This article concentrates on DERI liquidity mining by offering Liquidity to pre-defined DEXs.

To use Deri Protocol, you can install the desktop version of the Metamask wallet or one of the various Mobile dApp wallets that we support. They are also in the process of adding more dApp wallets.

Mobile dApp wallets: Metamask, imToken, Math Wallet, Trust Wallet, Bitkeep Wallet, ONTO Wallet, TockenPocket, Coin98, SafePal

DERI Liquidity Mining

Liquidity mining that takes place outside of the Deri Protocol is possible, where an individual deposits two predefined assets to their respective trading pair on a decentralized exchange. As a result, they will receive pledge tokens, which can be staked on Deri Protocol. This also provides an attractive annual percentage yield (APY) paid out in DERI.

At the moment, two decentralized exchanges are supported:

• PancakeSwap (pairing BUSD/DERI) on the BNB Chain
• SushiSwap (pairing USDT/DERI) on Ethereum.

Once you have committed your liquidity to the decentralized exchange and been awarded the allocated tokens as collateral, you can then go ahead and stake them on the Deri Protocol.

Step 1: Check out the Deri protocol’s official website by accessing the link https://deri.io/

Step 2: Go to the upper left corner and click on ‘Pools’ to access the Pools section.

Step 3: Choose “Deri Liquidity Mining” and decide the exact pool to add your pledge tokens to, we will be using the PancakeSwap BSC Pool.

Step 4: Click on the ”Stake” button at the “Pancake-BSC” pool.

Step 5: Click the “Approve” button to the right to authorize Deri Protocol to move your CAKE-LP to the CAKE-LP pool. Verify the request on your wallet page to grant access to the particular collateral token.

Step 6: Choose the amount you would like to contribute as liquidity (for example, 100% of your pledge tokens), click on the “Add Liquidity” button, and click on “Confirm” when your wallet prompts you to do so.

Step 7: After the Liquidity is successfully added, you can check out the information regarding the same on the pool page.

Note: If you wish to remove your pledge tokens’ liquidity then please read this article: Remove Liquidity

Is DERI Liquidity Mining on SushiSwap & PancakeSwap risk-free?

It is not safe to engage in liquidity mining on SushiSwap or PancakeSwap because of the potential to experience impermanent loss. Users are responsible for any permanent loss that results from taking out liquidity. We strongly advise users to only utilize the pools listed on our website when adding liquidity. Adding liquidity to empty pools through SushiSwap or PancakeSwap can lead to significant or complete loss, for which the user is accountable.

Is trading on Deri Protocol risk-free?

Trading on the Deri Protocol carries a significant degree of danger and is not suitable for all types of investors. The substantial leverage can work for you or against you. Prior to making a decision to invest utilizing Deri Protocol, you ought to cautiously consider your level of knowledge, investment objectives, and risk appetite.

There is a possibility that you may suffer a partial or total loss of your investment. You should be conscious of all the risks related to trading contracts and margins. Deri Protocol will not be answerable for any losses, harms, or claims that result from events that fall within the scope of the events mentioned above.

We strongly advise that you should not invest money you cannot afford to lose and we also suggest you seek advice from an impartial financial consultant if you have any queries or uncertainties!

The DERI Token

DERI token is a revolutionary cryptocurrency created on the Ethereum blockchain. It was created to facilitate the development of a global, decentralized, and trustless financial system. It is an ERC20 token, which means it follows the same standard as other ERC20 tokens, such as Ethereum and Bitcoin.

The DERI token is designed to be used in decentralized applications and smart contracts. It is also designed to be used for payments and settlements on the DERI network. The DERI token is also used to incentivize users and reward them for their contributions to the network.

Tokenomics

Tokenomics is the study of token economics and token economics systems. It is the intersection of economics, cryptography, and game theory, and it seeks to understand the incentives, trade-offs, and dynamics of token-based systems. Tokenomics examines how tokens are created, distributed, used, and destroyed, and how these activities interact with the overall network and its participants.

Tokenomics is a powerful tool for understanding the dynamics of the token economy and for designing token-based systems that are robust, secure, and efficient. Tokenomics helps us to better understand the economic aspects of token-based networks, such as the impact of token supply and demand on the price of tokens and the impact of token holders’ behavior on the network.

Minting & Burning Mechanism

The minting and burning mechanism of DERI tokens is designed to maintain the stability of the token’s price. The minting process creates new tokens and adds them to the circulating supply. This increases the total supply of DERI tokens, which can lead to an increase in the token’s price.

The burning process involves destroying tokens and reducing the circulating supply. This decreases the total supply of tokens and can lead to a decrease in the token’s price. The minting and burning mechanism of DERI tokens ensure that the token’s price is stable and that the token’s supply and demand are balanced.

Utilities

DERI tokens have several utilities. They can be used for payments and settlements on the DERI network. They can also be used for staking, which allows users to earn rewards for holding DERI tokens in their wallets. DERI tokens can also be used to pay fees on the DERI network, such as transaction fees and gas fees.

Finally, DERI tokens can also be used to access premium services and products on the DERI network. For example, users can use DERI tokens to access advanced features and tools on the DERI network.

Use Cases

The DERI token has several use cases. It can be used as a medium of exchange for payments and settlements on the DERI network. It can also be used as a store of value, allowing users to store their wealth in a secure and decentralized manner.

Furthermore, DERI tokens can be used to access premium services and products on the DERI network. For example, users can use DERI tokens to access advanced features and tools on the DERI network. Finally, DERI tokens can also be used as collateral for loans and as an investment asset.

Read: What Is PancakeSwap V2 (CAKE)? And How Does It Work?

How much is a DERI Token? (As of December 23, 2022)

Maximum Supply	400 Million
Total Supply	474,777,680
Circulating Supply	175,273,954 (36.92% of Total Supply)
Token Price	$0.01571
Market Cap	$2.753 Million

What’s DERI tokens’ total supply and distribution?

The total supply of DERI tokens is 1 billion. This is divided into two components: the circulating supply and the locked supply. The circulating supply is 600 million DERI tokens, which are available for purchase and trading on exchanges. The locked supply is 400 million DERI tokens, which are held by the DERI team and are used for various projects and initiatives.

The distribution of DERI tokens is done through airdrops, bounties, and private placements. Airdrops are free token distributions that are used to attract users to the network. Bounties are used to reward users for their contributions to the network, such as bug reporting or suggesting improvements. Private placements are used to raise funds to support the development of the network.

What are the utilities of DERI tokens?

DERI tokens have several utilities. They can be used for payments and settlements on the DERI network. They can also be used for staking, which allows users to earn rewards for holding DERI tokens in their wallets. DERI tokens can also be used to pay fees on the DERI network, such as transaction fees and gas fees.

Finally, DERI tokens can also be used to access premium services and products on the DERI network. For example, users can use DERI tokens to access advanced features and tools on the DERI network.

Is DERI an ERC20 token?

Yes, DERI is an ERC20 token, which means it is built on the Ethereum blockchain and follows the same standards as other ERC20 tokens, such as Ethereum and Bitcoin. This makes it easy to use and store DERI tokens, as well as transfer them to other users. It also ensures that the token will be compatible with other Ethereum-based applications.

Trade on Demo Testnet

Are new users on Deri Protocol?

The Deri Protocol Testnet is now available! Try out trading derivatives with the demo assets offered on Deri Protocol without worrying about putting in real assets. Their demonstration Testnet can be accessed through testnet.deri.io.

How to use Deri Protocol Testnet on Binance Smart Chain Testnet?

1. Connect to Binance Smart Chain Testnet
2. Obtain Testnet Token at “Faucet”
3. Start Trading!

Choose the market you’d like to trade.

• Futures Trading: https://testnet.deri.io/#/trade/futures
• Options Trading: https://testnet.deri.io/#/trade/options
• Powers Trading: https://testnet.deri.io/#/trade/powers

Some Important Links – Social Links & Media

Deri Protocol’s social handles

• Discord: https://discord.gg/kb8ZbYgp8M
• Twitter: https://twitter.com/DeriProtocol
• Telegram Main group (official): https://t.me/DeriProtocol
• Medium: https://deri-protocol.medium.com
• Youtube: https://www.youtube.com/channel/UCxWKIor4N3xKP1fA55LM4ww
• Reddit: https://www.reddit.com/r/DeriProtocol/
• Bitcointalk: https://bitcointalk.org/index.php?topic=5322611.0

Conclusion

Deri Protocol is an open and transparent protocol for decentralized derivatives trading. It is a secure, trustless, and permissionless platform for trading and investing in derivatives. The platform is powered by a consensus algorithm called Proof-of-Stake (PoS), and it is designed to be easy to use and provides users with a range of tools and features to help them make informed decisions when trading and investing in derivatives.

The platform also offers users the opportunity to mine DERI tokens by providing liquidity to the AMM or the DERI Pool. The tokens can then be used to pay for services on the platform, such as trading fees and liquidity rewards.

Overall, Deri Protocol is an innovative and exciting project that is quickly gaining traction as a leading platform for digital asset trading. With its focus on security, compliance, and user experience, it is an exciting project to watch in the coming years. So, if you’re looking to get involved in the world of digital asset trading, Deri Protocol is definitely worth considering!

FAQs Deri

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