Derived is a decentralized multi-chain asset protocol that enables users to trade a diverse range of financial instruments—including stocks, commodities, forex, and cryptocurrencies—on a single platform. By leveraging smart contracts, Derived acts as a bridge between traditional and digital financial markets, offering unlimited liquidity and eliminating slippage. Built primarily on the Polkadot framework, the platform ensures interoperability, security, and scalability, while also supporting major blockchains such as Ethereum, Binance Smart Chain, Cardano, and Avalanche.
Key Features and Functionality:
- Leveraged Minting: Users can mint the platform's native stablecoin, xUSD, with up to 3x leverage, allowing for flexible collateralization ratios based on individual risk tolerance.
- Hybrid Tokens: The platform enables the creation of hybrid tokens that combine multiple assets—such as ETH, BTC, Tesla, and gold—into a single token, simplifying portfolio diversification.
- Binary Options: Traders can engage in binary options, predicting asset price movements by choosing 'Yes' or 'No' in response to market questions, with the potential to redeem winning shares for $1 each upon market expiry.
- Multiple Native Currencies: Derived supports multiple native currencies, allowing users to trade in their preferred currency while accessing global derivatives markets.
- Unlimited Liquidity and Zero Slippage: Utilizing peer-to-platform smart contract trading, Derived offers essentially unlimited liquidity without the need for counterparty order matching, ensuring zero slippage in trades.
Primary Value and User Solutions:
Derived addresses several challenges in the trading of synthetic assets by providing a decentralized, multi-chain platform that offers:
- Accessibility: Users can trade a wide array of financial instruments without the need for centralized intermediaries, democratizing access to global markets.
- Flexibility: Features like leveraged minting and hybrid tokens allow traders to tailor their strategies to individual risk appetites and investment goals.
- Efficiency: The platform's design ensures fast transactions with low fees, overcoming issues like high gas fees prevalent in other blockchain networks.
- Security and Interoperability: Built on Polkadot and supporting multiple blockchains, Derived ensures a secure and scalable environment for trading synthetic assets.
By integrating these features, Derived empowers users to engage in diversified trading activities within a decentralized framework, bridging the gap between traditional finance and the evolving digital asset landscape.
