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Deri Protocol

About Deri Protocol

What is Deri Protocol?

Deri Protocol is a decentralized derivatives trading platform that allows users to trade hedges, forecasts, and arbitrage. Interestingly, trades are tokenized in combinable non-homogenized tokens (NFTs) and executed based on an automated market maker mechanism. The protocol is based on Ethereum, Binance Smart Chain (now called BNB Chain), Polygon Network and Huobi Ecological Chain. in addition, the project has developed a cross-chain bridge that allows the use of native DERI tokens on all supported blockchains (e.g. ETH, BSC, Polygon, and Heco) for multi-chain exchange.

Who are the founders of Deri Protocol?

The company was founded by Dfactory Ltd. and its co-founders are 0xAlpha and Richard. although both are mostly anonymous, the two founders of the decentralized exchange went to college together. 0XAlpha graduated from Peking University with a degree in physics and received his PhD in physics from Rice University. He has worked at Deutsche Bank, Hedge Funds and Goldman Sachs. He has also co-founded a quantitative hedge fund to trade commodity and financial futures.

When did the Deri Protocol launch?

The protocol launches in February 2021.

Where is the Deri Protocol located?

DFactory is based in the British Virgin Islands. However, some reports say that its main office is in Hong Kong.

Countries with restricted access to Deri Protocol

At the time of writing, we could not confirm which regions have restricted access to the platform.

What currencies does Deri Protocol support?

Deri Protocol offers a variety of products. Its futures, options, and power markets are primarily dominated by BTC/USD and ETH/USD. The platform currently supports three cryptocurrencies and does not support fiat and cryptocurrency trading pairs.

What are the fees for Deri Protocol?

Trading fees will vary depending on the product and cryptocurrency pair involved. For example, the ETH/USD futures pair has a transaction fee of 0.1%, while the SOL/USDT pair has an initial margin rate of 10% and a transaction fee of 1%.

Can I use leverage or margin trading on the Deri Protocol?

Deri Protocol provides users with a position-by-position margin model and up to 25x leverage.