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Quick Summary

  • Derify Protocol is a non-custodial on-chain derivative decentralized exchange allowing users to trade derivatives transparently, cost-effectively and safely. Derify is the innovation that DeFi space needs right now. 

Decentralized Finance (DeFi) has been catching the headline slot of mainstream media over the last year. The limelight has been fading away from the start of this year due to the low interest of people and lack of innovation in this space. The idea of decentralized finance is very appealing as it promises to reduce costs in the banking system and improve the system by providing services like DEX, tokenization platform, and many more.

To bring innovation and improve the system overall, the Derify protocol is designed and created by professionals in the industry who have working experience for some of the largest crypto exchanges. Derify protocol is bringing a revolutionary version of derivative DEX with operational and technical solutions that differ from existing competitors or predecessors.

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Salient Features

Derify protocol is a non-custodial on-chain derivative DEX that allows the users to trade derivatives transparently, cost-effectively, and safely. Derify was initially built on Ethereum blockchain but now it is migrating to Binance Smart chain (BSC) and many other EVM compatible chains like Polygon, xDai, and Avalanche. Users will be able to enjoy the perks like reduced gas fees and lightning speed.

Derify protocol has no inbuilt issues and extra fees like CEXs. Derify is using a novel market-making mechanism, hAMM, which is a modified version of the AMM model. The price discovery for this mechanism comes from oracles. This model achieves slippage-free trading by balancing long and short positions. 

Innovation Is The Key Here

This protocol is bringing many new and innovative ideas to the DeFi realm. The holders will be incentivized directly because Derify’s model seeks holders equal to the liquidity providers. System security and LP mining system is improved many folds by position mining. Derify is adopting a four-layer risk control mechanism such as position change fees (PCF), dynamic mining rewards, bonds, and insurance pool.

Derify has a special two-way position that allows customers to do position mining with minimal risk. Anyone can create derivatives without any restriction due to the great scalability of this protocol. Both on-chain and off-chain assets are supported here. Derify’s governance and operation model is fully decentralized which allows the community and brokers to participate in the operation and BD of the project.


The project is already making a success story with billions of dollars traded on the testing app. The native token of the Derify protocol is scheduled to launch on March 28, on the BSC network. Stay tuned and watch their social channels shown below. 

Derify ProtocolWebsite | Twitter | Telegram | Discord |

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sources: cryptonews

author: mnmansha, Rene Remsik

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.