DerivaDAO is a community-governed Ethereum-based platform for derivatives, featuring insurance mining, governance, and a decentralized exchange with DDX tokens.
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DerivaDAO is an Ethereum-based protocol functioning as a decentralized exchange (DEX) that governs the DerivaDEX platform through a community-driven DAO. Focused on derivatives trading, it aims to enhance user control experiences and address liquidity issues common in decentralized exchanges. Supported by notable investors like Dragonfly Capital, CMS, and Three Arrows Capital, DerivaDAO's native token DDX is an ERC-20 utility token with a cap of 100 million tokens. The platform comprises three main components: the Insurance Mining App, Governance App, and Cryptocurrency Exchange. Insurance Mining incentivizes users to stake stablecoins into the insurance fund, helping to prevent auto-deleveraging (ADL), and rewards them with DDX. The Governance App facilitates community decision-making thr...
As of now, DerivaDAO is trading at 0.011182 USD, with a 24-hour trading volume of approximately 0 USD. The DDX to USD price is updated in real time. Over the past 24 hours, DerivaDAO has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 291.78K USD. Currently, there are 26 094 664 DDX in circulation out of a maximum supply of 50 297 306 DDX.
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