As the crypto overall market cap grew in an exponential rate, investors forgets the original vision and reason that Satoshi created Bitcoin. Decentralization is the most important reason that Satoshi revealed the world what blockchain technology is. The heartbreaking FTX incident shows the world how risky a centralized exchange could be unless strict regulations follow by. Therefore, that sparks an idea that DeFi would be the ultimate solution for Finance industry. Because it is transparent and nothing shady can hide behind the scene.
As the vision of $people is to fulfill the task of decentralization, I'd like to introduce a innovative and breakthrough DeFi protocol. Derify is a brand-new decentralized derivatives protocol, which mainly provides decentralized perpetual contracts. Derify has innovative designs, including position mining, hAMM (hedged automated market maker), 0 slippage, 0 funding fee, and support limit orders. All transactions are handled on-chain. In addition, the protocol has a closed loop of risk control through innovative mechanisms such as PCF (Position Change Fee), position limit, insurance pool, bDRF (bond), etc. These risk-control mechanisms help Derify avoid the occurrence of negative margin accounts in traditional perpetual contracts. Ensuring the system stability and resilience, Derify can survive in different market conditions.
Derify is having Airdrop event recently. Trade on Mainnet could win you 50k eDRF, a governance token for their governance decentralization. To learn more, please join their Discord and check #task-to-earn to learn more about how to earn their tokens from promotions.