Deriswap

From CryptoCurrency Wiki

 Basics

"Deriswap allows for a consolidated, capital efficient market for trading, Options, Futures, and Loans, allowing LPs to keep their exposure and enjoy additional fees and rewards."

History

Token

Launch

Token allocation

Utility

Token Details

Stablecoin

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].
  • Built on: Ethereum

How it works

"The swap contract is standard Uniswap x * y = k. LPs provide ETH-BTC as liquidity. Traders can swap ETH to BTC and vice versa. LPs earn trading fees.

The above derived values allow us to quote Call/Put options using Black Scholes. These are American options, and can be settled at any point in time. Settlement occurs in the pair assets, so a Call needs to buy the full value, and a Put needs to sell the full value. Full settlement was also selected since the LPs have a perpetual position on the pair itself, if only profits are settled that is a permanent loss, however if the underlying is settled, that is impermanent loss.

Futures extend and simplify off of Options, you pay a premium as well as the underlying and this allows you to settle against the other pair at user defined future date.

Loans extend and simplify off of Futures, you pay a premium as well as the collateral and this provides you the borrowed asset. You can then settle the borrowed asset before the user defined future date, or forfeit the collateral.

Loans, Futures, and Options are all tokenized via Non Fungible Tokens (NFT) that allow the trade/creation of secondary markets."

Mining

Staking

Liquidity Mining

Layer Two

Different Implementations

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

"The TWAP oracle was expanded to take readings every 30 minutes, this allows us to report realized variance, realized volatility, implied volatility (derived from Realizing Smiles), and price over an arbitrary selected time series."

Their Other Projects

DEX

Governance

DAO

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs/Hacks

Usage

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

Funding

Partners