Derify Protocol (DRF)
Details about Derify Protocol cryptocurrency
€408,098 ( -0.01729%)
€1
98,950,671
10,532,388
1
Unknown
https://derify.finance/
@DerifyProtocol
1230480x
€47677.5
Derify Protocol price charts
DRF exchanges
2) PancakeSwap (v2)
Derify Protocol, the crypto
Derify Protocol (DRF) is a decentralized trading platform that allows users to create and trade customized financial derivatives. It is built on the Ethereum blockchain and uses smart contracts to automate the trading process.
The point
The main point of Derify Protocol (DRF) is to give traders the ability to create and trade customized financial derivatives in a decentralized and trustless environment. It aims to provide a more efficient and transparent way of trading derivatives, without the need for intermediaries such as exchanges or brokers.
The problem
Derify Protocol (DRF) tries to solve the problem of trust in the derivatives market. Currently, traders need to rely on intermediaries to create and settle derivative contracts, which can introduce counterparty risk and potentially lead to disputes. By utilizing smart contracts on the blockchain, DRF eliminates the need for intermediaries and provides a more secure and efficient way to trade derivatives.
Compare DRF and BTC performance
| Timeframe | DRF | BTC |
|---|---|---|
| 1h change | 0 % | 0.0800664 % |
| 24h change | -0.02 % | 3.6319 % |
| 7 day change | 2.43 % | 7.75499 % |
| 14 day change | 2.3 % | 5.87645 % |
| 30 day change | -11.94 % | 10.8468 % |
| 200 day change | -77.78 % | 14.4125 % |
| Year change | -41.62 % | 34.3868 % |