Deri Protocol

Deri is a decentralized derivatives trading platform that currently supports Perpetuals Futures and Everlasting Options products. 
 Sustainable futures is a new type of derivative product created by BitMex in 2016. It has the highest trading volume in CEX due to its characteristics of non-delivery and liquidity aggregation. 
 FTX <p style = "max-width: 100%; clear: both; Deri is the first agreement to actually implement this product. Similar to perpetual futures, perpetual options also have the characteristics of no delivery and liquidity aggregation. 
 Perpetual Futures
 There are two main roles in Deri's sustainable futures design: Trader and Liquidity Provider: 
 
 
 This design originally came from the composite asset protocol , Synthetix is also for all LP to jointly undertake the payment to the trader. The trader's loss is LP's gain, and the trader's gain is LP's loss. 
 <p style = "max-width: 100%; clear: both; For traders, the benefits of this design are obvious: since the trade does not require a direct counterparty, but trades directly at the prognosticator price, the depth of the trade is unlimited without any slippage. 
 Everlasting Options
Deri's perpetual options product is the first of its kind, based on a paper by Paradigm researchers Dave White and Sam Bankhuman-Fried published in May. 
 
 <span style = "max-width: 100%; 21OCT30 means maturity date; 55,000 is the exercise price; C (CALL) refers to the direction of the option, which is the CALL option, and the corresponding is the PUT option P (PUT). 
 So the above "BTC-21OCT30-55000-c" indicates that BTC is a call option with a strike price of $55000 on October 30, 2021. In addition, options are also divided into European options (expiration date can not exercise the option) and American options (expiration date can exercise the option) and so on. 
 
 
 DPMM (Derivative Positive Market Maker) is used in Deri's sustainable options products. DPMM is based on the PMM algorithm created by DODO, a spot trading platform. PMM is also an automatic market making algorithm (AMM), but it differs from CPMM (constant product market maker) such as Uniswap in that PMM actively concentrates pool liquidity towards the current price. To achieve better trading depth.

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	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	MEXC	1	MEXC	DERI/USDT	0.01105300	4.71%	$61,111.71	47.2673%	2024-10-18 06:17:06
2	Gate.io	2	Gate.io	DERI/USDT	0.01078400	2.81%	$693.37	0.5363%	2024-10-18 06:16:55
3	Gate.io	3	Gate.io	DERI/ETH	0.00000410	2.24%	$478.59	0.3702%	2024-10-18 06:17:19
4	CoinEx	4	CoinEx	DERI/USDT	0.01104200	3.86%	$2,377.49	1.8389%	2024-10-18 06:15:37

	Volume(24H)	Trading Percent
Gate.io	Gate.io	$1,171.96	1.8125%	Visit
MEXC	MEXC	$61,111.71	94.5107%	Visit
CoinEx	CoinEx	$2,377.49	3.6768%	Visit

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