Derify Protocol (DRF)

Derify Protocol (DRF) is a derivative trading platform that operates as a decentralized exchange. As the next generation of derivative exchange, Derify Protocol offers decentralized perpetual contracts, allowing users to engage in trading activities by holding positions. Users can earn DRF tokens by participating in the platform and utilizing a mining mechanism. Derify Protocol aims to provide a secure and efficient trading experience in decentralized finance (DeFi).

Derify Protocol has a roadmap outlining its milestones and future development plans. In Q1 and Q2 of 2022, the project started with the release of Whitepaper V1 and secured seed funding. The development of the Alpha version of the platform was completed. In Q3, Derify Protocol participated in the Solana Hackathon and won an Asian prize. The Beta version development commenced, along with the recruitment of Genesis Brokers and community building.

In the coming years, Derify Protocol plans to launch its mainnet on the BNB chain and release UI 2.0. The platform aims to provide asset pledge and contract transaction functions for projects in the BNB ecosystem. The project also aims to establish deep cooperation with various projects and expand its global reach. Additionally, Derify Protocol intends to expand to other networks and develop more trading operation tools to enhance its decentralized exchange-as-a-service (DEXaaS) products and services.