With the funding, Deri will continue its efforts on innovating DeFi derivative products while optimizing financial functionalities for crypto and traditional financial users. This investment comes directly from BNB Chain’s $1B fund which is designed to incubate rising blockchain-crypto projects.
“The derivatives market connects professional traders from the traditional financial market to the cryptospace,” said 0xAlpha, Co-founder and CEO at Deri Protocol. “ Deri, enables decentralized and transparent mode of managing derivatives for these niche users who receive precise risk exposures and capital efficiency. With BNB Chain’s support we aim to scale Deri for mass adoption” he added.
Deri Protocol is the first decentralized exchange providing both everlasting options and perpetual futures on BNB Chain where users can hedge, speculate and arbitrage their portfolios. It offers extreme capital efficiency for traders including everlasting and long-term options.
On Deri, trading positions are tokenized as non-fungible tokens (NFTs), which can be held, transferred or imported into any other DeFi projects for their own financial purposes (as blocks in their own “lego game”) which is a whole new concept in the derivatives market.
Deri Protocol has an average daily volume of $80M with an all-time-high (ATH) of $600M (as on November 3rd, 2021).
“The on-chain exchange of risk-exposures makes Deri a vital infrastructure in the upcoming financial revolution.” said Gwendolyn Regina, Investment Director at BNB Chain Accelerator Fund. “BNB Chain’s $1B Growth Fund solely focuses on projects with high utilization and scalability. Deri protocol with its cross-chain derivative features tops the list,” she added.
Apart from being one of the best performing derivatives trading platforms on BNB Chain, Deri Protocol is also one of the winners of #MVBIII Monthly Stars for August.
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.
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