TI Rating Report: Deri Protocol

Deri Protocol is a cross-chain derivative DEX, which currently is deployed on BSC, HECO, Ethereum, and has been extended to the Polygon network. 

Deri Protocol currently supports the trading of two types of derivatives, including perpetual contract and everlasting options. The first version of Deri protocol lived in Feb 2021, which provided perpetual contracts trading only. After 4 months, Deri Protocol V2 lived and the first version has been stopped operating at the same time. Considering the situation above, this product analysis mainly includes the current development status and products of Deri V2.

Compared with the first version, the Deri team has made many improvements in margin mechanism, liquidity pool mechanism, liquidity provision methods, and funding fees. Among them, the margin mechanism improvement is the core.

Deri Protocol is active in community operations. Community activities are regular and frequent. For example. AMA or other activities are held every two weeks on average.