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What is Deri Protocol coin (DERI) and how does it work?

by Financial Economy

Deri Protocol is a decentralized platform built for them to exchange their risk exposures in a sensitive and capital-efficient manner. Users can trade, hedge, and arbitrage derivatives on-chain. Information about some topics that what is Deri Protocol coin (DERI), how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for informaiton about Chainge (CHNG) coin.

What is Deri Protocol coin (DERI) and how does it work?

Deri Protocol is the DeFi way to trade derivatives. Hedging, speculating, arbitrage, it’s all on-chain. With the Deri Protocol, transactions are handled under the AMM paradigm and positions are highly interconnectable with other DeFi projects and tokenized as NFTs.

The token of the platform is DERI coin. The DERI token is used in the payment and governance of the platform and the DERI token. In addition, users who stake Deri coin have some privileges on the platform.

Deri Protocol Features

Real DeFi: Deri Protocol is a group of smart contracts deployed on the Ethereum blockchain where the exchange of risk exposures takes place entirely on-chain.

True derivative: PnLs of users’ positions are calculated with the token price updated by Oracle, which ensures certainty; positions are hedged by a margin that provides built-in leverage.

Combinability: Positions can be specified as non-changeable tokens (NFTs) that can be held, transferred or transferred to any other DeFi project for their own financial purposes.

Openness: Anyone can start a pool with any base token (but usually a stablecoin like USDT or DAI). In other words, the protocol does not enforce any special “in-house tokens”.

Simplicity: The Deri Protocol adopts an extremely simple trading process.

Which exchange is DERI token on?

Deri Protocol coin is listed on some cryptocurrency exchanges such as MEXC, Gate.io, XT.COM, Hotbit, LATOKEN, etc.

How to buy DERI coins?

Deri Protocol coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

DERI coin supply!

Total supply of Deri Protocol coin is 470.217.680 DERI.

DERI coin price!

As of August 10, 2022, at the time of the writing, 1 Deri Protocol coin price is around $0,0267 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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