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Derify Protocol Documents
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About us
About Derify protocol
Getting Started
Tutorial
Basic Knowledge
Overview
Basic Knowledge of Derivatives
Basic Knowledge of Trading
Basic Knowledge of Perpetual Contract
hAMM Mechanism
Position Mining
Trading
Trading Fee
Position Change Fee
Important Notice
Dictionary
FAQ
DRF Token
Content Update
Basic Info
Distribution & Release
Token Burned
Derify DAO
DAO Update
Overview
Governance Committee
Decision-Making Committee
Execution Committee
Whitepaper
Introduction
Mechanism
Implementation
Tokenomics
Community and Governance
Roadmap
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Basic Knowledge of Trading
Now you get the basic idea of derivatives, its time to know more about trading in Derify protocol.
  • Unlike trading on centralized exchanges, trading on Derify protocol does not use an orderbook - trades are filled instantly, there is no need for a counterparty to appear or paying a taker fee.
  • Unlike trading on centralized exchanges, because all transactions are filled and executed by smart contracts against the funds pool of the system, there's almost infinite liquidity on Derify protocol, there's no slippage, the price you get is the actual price you see.
  • Unlike trading on AMM swap pools like Uniswap, because of the innovative hAMM mechanism, trading on Derify protocol will not incur impermanent loss.
  • Like trading on centralized exchanges, transaction settlement can be slow during high time - we place all transactions are placed on EVM compatible chains (like Polygon and xDai), which is significantly faster than the Ethereum base layer.
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Basic Knowledge of Derivatives
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Basic Knowledge of Perpetual Contract
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