Derify Protocol

Derify has innovative designs, including position mining, hAMM (hedged automated market maker), 0 slippage, 0 funding fee, and support limit orders. All transactions are handled on-chain. In addition, the protocol has a closed loop of risk control through innovative mechanisms such as PCF (Position Change Fee), position limit, insurance pool, bDRF (bond), etc. These risk-control mechanisms help Derify avoid the occurrence of negative margin accounts in traditional perpetual contracts. Ensuring the system stability and resilience, Derify can survive in different market conditions.