Deri Protocol
Crypto Overview
Overview
Deri Protocol is a decentralized protocol for users to trade derivatives on the blockchain. It enables users to trade perpetual futures with leverage, and includes options trading functionalities.
Purpose and Utility
The DERI token is primarily used for governance within the Deri Protocol ecosystem and as a utility token for paying trading fees. Token holders can participate in protocol governance decisions and receive trading fee discounts.
Business Model Evaluation
The protocol's core business model revolves around derivatives trading, specifically perpetual futures contracts and options. The platform generates revenue through trading fees.
Platform Development and Adoption
The protocol maintains active development on GitHub and has deployed on multiple blockchain networks including Ethereum, BNB Chain, and Arbitrum. The platform has processed significant trading volume, indicating actual usage of the protocol.
Key Concerns
The primary concern from an Islamic finance perspective is that the protocol's main utility centers around leveraged derivatives trading and speculative financial instruments that operate as zero-sum games without underlying asset exchange.
Crypto Impact
To assign a comfort level investing in Deri Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Deri Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.