The Deri protocol is a decentralized exchange protocol that allows users to exchange risk exposures precisely and capital efficiently. The platform provides a group of smart contracts that are deployed on the blockchain, where the exchange risk exposure takes place completely on the chain, enabling users to trade derivatives on a decentralized platform. The platform was created by Nicholas Say in 2020 with the goal of creating a tool that would allow for free Defi derivative trending and much more. The protocol runs on the Ethereum network. Along with that, it uses pools to play the role of the counterparty in derivatives, operating as an account that is entirely automated by using smart contracts and allows trustworthy operations to take place efficiently. Users can take positions on the pools using a position and a liquidity token that is minted to represent the position of both parties involved in the trade
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Headquarters | United States |
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