We are pleased to announce our next AMA on February 16th 2021 at 11:00 AM UTC Time: Satoshi Club x Deri Protocol
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Deri Protocol Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Deri Protocol Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about Deri Protocol
For more details:
Deri Protocol – @DeriProtocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Is this the same $deri which Andre Crontje of $YFI was talking about?
How is your project different as compared to Perpetual Protocol?
Roadmap of this project?
I read on you website that you are planning a second layer to improve the on-chain transaction speed.. is there a timeframe when this will be implemented?
Since the centralized exchanges (CEXs) of crypto derivative have already been partially serving the purpose, it helps understand the decentralized exchange (DEX) solution by comparing these two. Nevertheless, please note this is really a comparison between two different creatures: while DEX and CEX partially share the same purpose, they are fundamentally different in their natures. what are Derivative DEX vs CEX and What we need for derivative DEX?
You mentioned that. There are two levels of governance: the governance of a single pool and that of the protocol.
At the pool level, each pool is a self-managed group of smart contracts. That is, pools are autonomous themselves.
The Deri protocol is maintained and updated by the development team in the launching stage. Once having proven product-market fit for highly decentralized financial infrastructure, the governance will be transferred to a community-based governance system, based on the protocol token DERI.Does this mean that you are working on establishing an independent governance structure for your project?
Pools play the role of counterparties to the traders. Liquidity providers (LPs) provide liquidity (base token) to the pools so that the pools will have adequate liquidity (small funding rate).
In return, LPs gain two parts of yields: base token profit (possibly) and DERI token award.How can I earn the Base Token profit and the DERI award as an investor?
the Deri protocol, each pool charges the majority-side positions funding fees and reimburse the minority-side positions. This is to balance the long and short sides of the positions.How is the funding rate calculated and what fees do I pay when investing in a DERI project?
From a perspective of financial market, funding fee is essentially the cost of liquidity to executing a trade.The funding rate is set by the market and varies over time. When the funding rate is positive, Longs pay Shorts. When the funding rate is negative, Shorts pay Longs. There a multiple variables to calculate Funding fee i.e contract size, pool liquidity, current mark price.
You mentioned on Twitter in the case of Deri protocol, the pools carry out such hedges in a decentralized way. Specific risk exposures are tokenized as position #NFT’s. Such position tokens values are updated by their associated pools to exactly follow the underlying price changes.(6/6) Lets say I want to transfer an NFT, does it only require the pin then for that action to take place?
What’s the difference between Dex and cex in terms of
What it really is? Trading paradigm \\ Composability Transparency // Account type // KYC / AML Custodian & Capital security // Performance // User-friendliness?
Why is the name similar to Andre Cronjes product
You mean Deriswap? think it’s coincidence. Our name Deri was picked up long time ago during we developed the project
Well, it is most certainly a coincidence. Deri is short for derivative. As indicated by the name, Deri protocol facilitates people to trade derivatives. It was brought to our attention much later and we intend to continue developing Deri Protocol to be a leader within the DeFi space.
Reading about the types of users within the Deri Protocol platform, I was struck by the role played by the “Arbitragers”. Exactly what is the role of these users in your system? What are the requirements to be fulfilled to be able to perform this function and what benefits are obtained?
Deri Protocol is developed by DeFi Factory, which is based in Asia and consists of a team of experts in finance, mathematics and computer science. Taking into account that your founding company is based in Asia, is your project focused mainly on conquering the Asian market, or on the contrary, do you expect to develop to reach global adoption? What are your plans in that sense?
At the beginning of your website, there is a section where you invite and encourage your users to “join the TVL race to harvest premined DERI and win prizes at the finish line”, but what strategies are you, as a team, focused on to make $DERI, in the short term, become a stable coin and thus provide economic benefits to your community? Even greater benefits than what they can invest in their ecosystem.
DERI plans to launch its own exchange in the near future. Regarding the type of trades you plan to incorporate in it, are you going to include trading between all types of tokens, or only those between stable coins and project tokens that have a good solidity in terms of liquidity?
Regarding liquidity providers, and their ability to provide liquidity to groups, can this liquidity be in any type of cryptocurrency or only in the so-called “stable coins”?
Taking into account that there are many companies dedicated to evaluate the performance and security of a project, why did you decide in Deri Protocol that PeckShield Inc. should be the company in charge of carrying out the audit of your project? What made you choose them over so many other auditing companies in the market?
Deri Protocol merges ETH + BSC + HECO, Three chains, one ecosystem. What are the strategic advantages of this merger? How do you solve the common interoperability problems between chains that many platforms suffer from and also the risks of slippage in operations? Do you plan to include other chains in this interesting ecosystem?
DeRi Exchange is not ready yet. The main problem of many exchanges is the low liquidity and low LP participation within these Exchanges. What will be the incentives that Deri Protocol will offer so that its LPs will always keep participating and generating infinite liquidity? What are your plans to make Deri Exchange stand out from the rest?
One of the protocols that always catches my attention is liquidity mining in all DeFi projects, but so far its main network is not fully developed. What are the cardinal differences that your liquidity mining model has over all others? What will be the improvements and benefits provided to participating users that we will see when your Mainnet is ready?
Deri Protocol developed a very complete ecosystem using three chains: ETH, BSC and HECO. It surpises me that even having three different chains you are still basing the whole fees system on Ethereum blockchain. Will it change in the future? How is Deri Protocol a reasonable gas-economic platform?
As it says in your FaQ section, the liquidity mining on Deri isn’t risk-free, impermanent loss is a problem to deal day by day, at the moment your risk is smaller than that of Uniswap because of arbitragers, but will you develop new solutions to definitely help your investors to feel safe about this subject?
On your website you say Deri protocol is gas-economic. How you guys manage that? As I know erc-20 tokens can not adjust gas usage. What is the gas usage of the Deri and how did you manage to make it gas economic?
Deri protocol is working on layer 1. But the defi projects that working on layer 2 is better for a liquidity mining project. Why did you create Deri on layer 1 at the first place? Do you plan to switch to layer 2?
AOX is pegged to 21 assets and I’d like to see more than just a rebase project. Is it a just rebase token with a elastic supply? What is the real plan and main usage of Apollo?
I see that De is implemented on the Ethereum network. In the absence of the arrival of Etherium 2.0, is it possible to mitigate the problem of high commissions through Deri?
Do you have plans to develop support other wallets apart from MetaMask? Trust Wallet, for example?
What return can we expect based on the amount of liquidity we provide? When at least recommended?
Deri Protocol aims to bring the derivarives trading to DeFi, and NFTs seem to have an important role in this, how will you use NFTs aa derivatives, what will determine their supply, how will it be related with the actual derivatives current supply?
Deri Protocol’s ecosysrem is built for 3 different blockchains, ETH, BSC and HECO, remaining as one ecosystem. What feature does each blockchain bring to the platform, and is it easy to navigaye through it when it is kind of divided? How are the cross-chain functions?
Will Deri Protocol include all the major derivatives from the start? With which ones will you begin, and how do you plan to add more to the platform?
Deri Protocol is on SUSHI! Why did you decide to partner with them, how can SUSHI contribute to the growth and development of the platform?
Deri Protocol is a decentralized protocol to exchange risk precisely and capital-efficiently, would you explain in mire detail what is considered capital efficiency in Deri Protocol and what tools of the platform will allow users to achieve it?
I read that you will be launching the web version v2. Please explain What kind of improvements that we will find and what features would be the most expect from this web version?
Regarding your join mining event with SushiSwap, I see a lot of potential to get more DERI. I understand that this will encourage people to premine, but have you considered the possible negative impact on the DERI value? as DERI tokens are very easy to get.
What is the reason you have decided to represent the positions taken in the form of NFTs? What are the advantages of doing it this way and not with a fungible token? I would also like to know what we can do with them and if we can sell them in the NFT market place.
Tell us a little about the commissions or fees within Deri Protocol, a topic that worries a lot in the DEX and if it is built on Ethereum even more. How much does each transaction cost? I would also like to know what commission they charge for trading or taking a trade.
One of the biggest problems with DEX is that they are not very easy to understand. You are now going to add more functionality in derivative markets? Would this make it more complicated, or have you found a way to make everything much easier?
Deri protocol slogan says that is the ” DEFI way to trade derivatives” but the only derivative trading that is mentioned in your website is Margin, so my question is: how many types of Derivates Markets Deri Protocol is capable to support?
The Whitepaper mention that Deri Protocol has 2 types of Oracles : OFF-CHAIN and ON-CHAIN, so can you explain what are the differences between use one or the other one?
Can you confirm that Deri protocol transaction fees are like the typical DEXes today? Are we gonna experience a Uniswap type gas fees when using Deri protocol?
Deri is using a real derivative which calculate the users’ positions with mark prices updated by an oracle, what type of oracle is Deri Finance using? Do you have a partnership with any Oracle from the actual market?
This project offers an on-chain solution for users to gain specific risk exposures and capital-efficiently. Can you tell us to what audience are mainly related this services? How can be used efficiently?
Commonly the derivatives markets are more usual into Centralized exchanges, but Deri Protocol wants to decentralized the derivatives, so can you explain what are benefits will you obtain with this?
I read the FAQ for your platform. You say that one operation with Deri consumes about twice as much gas as a simple transfer of an ERC20 token. And trading with margin is twice as expensive. Tell us how we, on our part, can minimize costs and what you are doing for in order to resolve this issue in the future?
DERI token will have a total supply of 1 billion, 60% will be minted through liquidity mining and the rest will be awarded to the team, the investors and the foundation. The non-mining part will be locked in a vesting plan and released linearly in 2 years. Does it mean that even the investors DERI tokens are locked just like the tokens that allocated for the team and the foundation? Why locked investors tokens? Can you clarify this?
☺️ Reading, the DERI project looks promising. Is it backed by any venture capital? Who accredits it? Sushi, who are the developers?
There are two levels of DERI governance: the governance of a single pool and that of the protocol. Will you explain how the 2 governance levels works and who governs them?
It will be that there is a risk of loss, with respect to the liquidity in DERI-USDT SLP while APY is so high. So nobody wants to provide liquidity in this group?
How does Deri Protocol really manage to trade risk exposures so precisely and efficiently with capital? What are the factors they evaluate? And how do they evaluate these factors?
You mention on your website that “They are in sushi” What are the benefits of being part of this? Is it really a good option to belong to Sushi?
How does Deri Protocol get to be in ETH + BSC + HECO (three chains at once)? Does the ecosystem really work completely well? How can Deri achieve this triple system?
Deri Protocol is a group of smart contracts implemented on Ethereum, a blockchain that has already proven difficult to scale and where the gas is getting worse every day. Why not work with another blockchain? Polkadot for example, which supports up to 10 000 transaction per second… Or do you have Faith in Ethereum 2.0?
What is the difference of a risk exposure exchange on a CEX versus what you guys want to do on a DEX? Is it really worth trading derivatives on DEX? Isn’t there more risk or something like that?
Many projects use robot advisors to control risks in user operations, but are they really not safe? Or is the Deri protocol much more reliable in controlling risks accurately and efficiently with capital?
Could you give us a little more details about your “Premining”? And really what is different from the conventional mining used in many projects?
Are the three chains (ETH + BSC + HECO) really so necessary for the proper functioning of Deri? or could you get the same performance when implementing or using other blockchains? Therefore, will you add other chains?
How important and useful are the NFT blocks in Deri protocol, when it is focused on minimizing risks in derivatives exchange operations?
An important point in any exchange platform, and even more if they are based on ETH, are the FEE, really how much will each trade in Deri have as a fee? Will high GAS consumptions be required?
How much will the minimum amount of tokens really be required to enjoy Deri Protocol? And will there be VIP plans and others with different prices and benefits?
If really the Exchange Mechanism is fully implemented for smart contracts in Ethereum, then what use will the other chains have? and how can you interconnect them? Will the Deri tokens be the point between chains?
You mention that “Referees are a special type of traders”, but could you really tell us more about the characteristics of those “Referees”? What will it take to become one?
As I know in Traditional Financial industry, the trading
desks hedge their net positions to manage their market risk. But what about Deri Protocol?
How Deri Protocol way to carry out such hedges in decentralized way ? can you explain?
may i know what are the different from Deri Protocol with another Margin DEX that already exist out there?
does Deri Protocol have a specialty feature that makes unique from other similar project?
As your tagline goes “the Defi way to trade derivatives” so can you explain how does the Defi way in trading derivatives works? How does Deri Protocol become safe in trading derivatives? Do you have any copy-trade features that will help traders in trading derivatives? Trading derivatives is sometimes risky, so how does Deri Protocol helps traders in managing risk control in trading? What can you advice to traders that trading in derivatives? Thank you
Can you describe a little bit about the TVL Race event in Deri Protocol? How does this events works? What are the requirements and qualifications in joining this race? What are the benefits we can get in participating TVL Race? Can you also site some pros and cons of this race? Thank you
Talking about joining in DERI PROTOCOL, how we can start in DERI? Do we need to open an account or just only a Wallet? If wallet, what wallets are supported in DERI? Also how and where do we get the base tokens of DERI to be use for trading and for other pools?
You said Deri protocol is reasonably gas-economic. So can you explain more how much gas is consumed to do things with Deri? Like what’s the minimum gas consumption of a single transaction on ETH blockchain? Also why did you mentioned that the most expensive action is trade-with-margin? Can you give some suggestions on how to less the gas consumption?
Farming is one of the best innovation in DeFi space to generate rewards and accumulate more tokens. So how will the users be rewarded for supplying liquidity pools in your ecosystem? Also what do we harvest for liquidity farming and wondering is the liquidity mining on DERI risk-free?
Following sentences are from the same topic about gas consumption in Deri Finance:
1. Deri protocol is reasonably gas-economic
2. A single operation with Deri consumes only around twice as much gas as a simple transfer of ERC20 token
According to the numbers you provided, it is even more than twice in some cases, so how is it gas-economic while being at least twice ERC20 which has recently become nightmare? What am I missing here? Can you clarify please?
As far as I can see, there are a lot of DEXs and useless short term APYs these days. So why should investors, users should trust, care about Deri Protocol is a reliable and promising DEFI project in the future?
Deri Protocol is a Derivative DEX, How are we comparing Derivative Dex with existing Centralized Exchanger like binance ,etc ? Among the many differences between Derivative DEX and CEX, which one is the most important feature that user will need for Derivative DEX?
I read on you website that you are planning a second layer to improve the on-chain transaction speed.. is there a timeframe when this will be implemented?
The current website ands UI currently looks really simple and plain.. is there a timeframe when you will remake it ?
Are you already implementing the tokens utilities. Will they work once you launch end of this month ?
What are the goals seeks Deri Protocol to achieve for the next 3 month?
Which wallets will be supported soon?
explain why did you choose SUSHI?
Is it in Deri protocol that NFTs will show us the level of risk of a transaction or token? And what do those NFTs have to do with those tokens and transactions? And the tokens, after being purchased, will be stored in the user’s wallet (it could be ERC20 or BSC, ..) And the NFTs are elsewhere (ERC-721 and ERC-1155). Would it be difficult to probe for token and transaction risk levels?