DeriveX: Trading Unleashed

Traditional derivatives can be expensive, with high fees charged by intermediaries. With perpetual futures, a type of futures contract that never expires, DeFi offers faster settlement times, more flexibility in managing risk, and greater accessibility to a global audience.

However, many perpetual future protocols have their token holders as the counterparty to ensure liquidity in the protocol, which can lead to potential risks. DeriveX addresses this issue by isolating every trade between 2 parties and bringing multiple risk management solutions.

DeriveX is a perpetual futures protocol which allows you to trade stocks, crypto commodities & more with 10x leverage while having 1 minute funding rates where every trade is isolated bringing the highest level of security and capital efficiency in a gas-less manner.

DeriveX is forked from the Perpetual Protocol V1 but brings in several improvements over it with several features including:

• Data Feeds from 5+ Oracles instead of just relying on Chainlink data feeds
• Funding Rates that occur every 1 minute instead of those that occur every hour to improve capital efficiency
• Introducing risk management mechanisms inspired from SGX and Binance
• Partnering up with traditional brokers who take counterparty positions who are incentivised with the spread and fees instead of the token holders

DeriveX is currently live in a public testnet and private mainnet on the Polygon POS network exclusively on the Xade app while only accepting usdc as collateral and only allows trading for BTC.

By the end of Q2 2023, we aim to introduce several features such as limkt orders, stop losses along with support for 10+ markets.