Derify Protocol Documents


2021.Q1 & Q2 Project Start

  • Whitepaper V1 was released
  • Received several hundred thousand Seed Investment
  • Development started

2021.Q3 Complete Alpha

  • Development of Alpha version was finished
  • Alpha version endured 10,000+ testing cases.
  • Participated in Solana Hackathon and winning prize in Asian region

2021.Q4 Beta and Global Release

  • Development of Beta version
  • Started Beta testing
  • Started recruiting Genesis Brokers globally
  • Start of community building

2022.Q1 & Q2 IDO

  • Launched IDO and began DRF token release in DEX
  • DRF staking started
  • Launched DAO v0.1
  • Recruited brokers
  • Started code auditing

2022.Q3 & Q4 Mainnet Release

  • Derify 1.0 Mainnet launched on BNB Chain
  • UI 2.0 release
  • 2 million $DRF Airdrop for early testnet users and genesis brokers
  • DAO v0.3 released for community governance

2023. Q1

  • $DRF token buyback & burn
  • Develop Derify 2.0 and release beta version
  • Derify 2.0 supports many BEP-20 assets as margin for perpetuals
  • Closely cooperate with different protocols in the BNB ecosystem

2023. Q2

  • Derify 2.0 mainnet launch
  • Build a global business development team
  • Update tokenomics for $DRF, $eDRF, etc.

2023. Q3

  • Provide a fully customized DEXaas product in BNB ecosystem
  • Update the eDRF tokenomics and provide more application scenarios for eDRF

2023. Q4

  • Deploy the product on other networks (Polygon, Arbitrum, Avalanche, etc.)
  • Develop more trading tools and make Derify protocol to become a powerful DEXaas product
  • Introduce synthetics trading functions, such as foreign exchange, stocks, traditional futures and many more
Last modified 7mo ago