What is Deri Protocol
Deri Protocol 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. Since its launch, Deri Protocol has gone through two major version iterations and has been supporting three major derivative types: Perpetual futures, Everlasting Options and Power Perpetuals. As of today, it has been deployed on multiple blockchain networks to serve traders’ hedging and speculating demands and processed a total trading volume of over 20 billion USD. Statistics show that Deri Protocol has become one of the most used DeFi derivative protocols per trading volume.