Deri Protocol (DERI)
1. Fundamental Analysis
1.1 Introduce
Deri Protocol is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DERI | Market Cap | 2704523.08 |
| Name | Deri Protocol | White Paper | -- |
| Web Site | https://deri.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 486946702.592577 | |
| Supply | 486946702.592577 | Release Date | 2021-02-15 |
| Available Supply | 131192000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
Conclusively, the K-line chart indicates a bearish trend with strong resistance near the 0.03 level. The volume is decreasing, suggesting a potential lack of interest in the asset. The asset price may continue to decline in the short term.
