What is Deri Protocol?
DERI is the utility and governance token for DERI Protocol, a decentralized derivatives protocol where users can hedge, speculate and trade perpetual futures and everlasting options, with risk exposure stored on-chain using oracles to ensure precision in calculation values. Risk exposures on DERI Protocol are tokenized as non-fungible tokens (NFTs) to be utilized as building blocks within the protocol across Ethereum, Binance Smart Chain (BSC), and Huobi Eco Chain (HECO) blockchain networks. Liquidity providers earn DERI rewards from transaction fees by staking DERI to platform liquidity pools. Arbitragers balance two sides of long and short positions to capitalize on funding fee arbitrage opportunities. Over exposed positions may be liquidated by Position Liquidators who share the positions' remaining margin collateral as reward.
