Derived has gone live on the Arbitrum mainnet following our token migration event. We are really excited to bring Derived to the mainnet and we are looking forward to see on all the interesting bets that the community does on our Decentralized Event Contracts Market. The Decentralized Event Contracts Market can be used to bet on any latest trends , expected events or even politics.
Apart from event contracts market , we also have the ongoing staking program in the platform where the users who stake their DVDX , can stake the fees generated in the Derived platform and the inflationary rewards.
Stakers will also be able to mint USDx (earlier xUSD), which is the platform stablecoin that will allow users to trade synthetic assets on the Derived DEX.
Users can now use the swap feature to swap into derived synthtetic assets such as dETH and dBTC. You can read in detail to understasnd more about the platform from this medium post.
We always believe decentralised solutions are the way to move forward and with the launch of Derived , we hope that we can provide user experience of a CEX with the security of DEX where you can own the key to your wallet.
Thank you for being part of our journey.
About Derived Finance
Derived is a Decentralized platform giving users access to trade Stocks, Commodities, Forex, or Crypto on a single platform. Derived offers several unique features such as No slippage DEX, Leveraged minting, Hybrid tokens, and Binary options.
