Derify Protocol Brings the Much-Awaited Innovation to DeFi and BSC Ecosystem
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
DeFi, or Decentralized Finance, was one of the most exciting stories on web 3.0, however, the craze has faded since the summer of 2021, amid a lack of innovation.
One of the most promising project on the market, Derify protocol is built and designed by a experienced market making team that works for some of the largest crypto exchanges, Derify protocol not only brings innovative ideas to the DeFi system, but builds a revolutionary version of derivative DEX with technical and operational solutions that differ from any of the predecessors or competitors.
Derify is a fully on-chain, non-custodial derivative DEX that allows you to trade derivatives fairly, safely and cost-effectively, traders can trade with leverage on any decentralized exchanges based on this protocol.
Originally built on Ethereum and now migrating to BSC and other EVM compatible chains (including Polygon, xDai, Avalanche), you trade with high performance and lightning speed, significantly reduced gas fees on Derify.
Derify has no cheating, manipulations or scamming issues like traditional CEXs, mitigates traditional Funding Fees, slippage cost or impermanent loss, provides a good experience and performance comparable to the best CEXs.
Innovative ideas can be found everywhere on Derify,
Derify uses hAMM as its market making mechanism, it is an improved version of the AMM model. It does not have an active price discovery mechanism and price feed comes from oracles. The core is to balance long and short positions instead of discovering prices, achieving slippage-free trading in the process.
Position mining is a liquidity incentive method designed for hAMM. It directly
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