DerivaDAO DDX Price 0.05103990

What is Deriva DAO?
Deriva is a DEX for derivatives. It offers key performance advantages over other DEXs like a real-time price feed, fast trade resolution, and a competitive fee structure.
There is a void at the intersection of trading and blockchain, and Deriva wants to fill it. Deriva solved the weak security and potential regulatory issues faced by CEXs by building as a DAO, thereby removing censorship concerns and a single point of failure. It also offers a capital efficient user experience with an order book model.

Who are the founding members of Deriva DAO?
Deriva DAO was founded by Aditya Palepu, a Duke graduate and former algorithmic trader.
After closing several rounds for a total of $2.7 million, Deriva DAO is supported by an impressive array of investors.

What makes Deriva DAO unique?
Deriva DAO wants to stand out from the crowd by using a unique architecture. Unlike other exchanges, Deriva DAO handles trading and other exchange-related transactions on its DerivaDEX operator network.
Deriva can compete with CEXs on cost and speed. Sub-second transaction finality is guaranteed, which Deriva achieved through its custom L2.
Deriva focuses on enabling the core functions of a centralized exchange in a non-custodial manner. The funds are secured by the network.

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How many coins are in circulation?
The total supply of DDX is 100 million.


660,000 DDX from the genesis supply are allocated to advisors on a two-year linear schedule. The insurance mining program will emit 2,500,000 DDX from the mining supply linearly. Over ten years, 47,500,000 DDX will be emitted.

How is the Deriva network secured?
The smart contracts of Deriva DAO have been audited and found to be of high quality. The protocol is secured by a Proof of Work consensus mechanism that requires miners to mine new ether.
The sidechain of operators executing code within trusted execution environments is built by its custom L2 solution. This guarantees that the code within this environment can't be messed with. Raft and a checkpoint consensus mechanism are used on Deriva's sidechain.

Where can you buy Deriva DAO?