The Ethereum-based DerivaDAO protocol functions as a DEX. In practice, DerivaDAO is the DAO that manages and oversees the DerivaDEX platform. The ecosystem is governed by the community and is geared toward derivatives. It seeks to address two main pain points: the restricted control users often face on centralized exchanges, and the relatively low liquidity found on decentralized exchanges.

DerviaDAO also lists well-known firms among its backers, such as Dragonfly Capital, CMS, and Three Arrows Capital.

DDX is the native token of the platform, designed to serve as a utility coin. It is issued as an ERC-20 token and has a maximum supply capped at 100 million.

What are DerivaDAO’s key features and how does it work?

The system is built around three core components: the Insurance Mining App, the Governance App, and the Cryptocurrency Exchange. Insurance Mining is intended to help maintain enough capital for the platform’s insurance fund. Within the dedicated app, users can stake stablecoins into the insurance pool and earn DDX rewards. The platform also emphasizes a high-quality UI/UX, and the goal of insurance mining is to help prevent ADL (auto de-leveraging).

The Governance App is where platform decision-making occurs. This covers voting on topics tied to the exchange and its ongoing development. It includes a user dashboard that lets participants review their proposals and see details about their governance involvement.

DerivaDEX is the flagship exchange offering. Key capabilities include a real-time price feed, competitive trading fees, and quick trade execution.

What can DDX be used for?

DDX holders can help steer platform governance through DerivaDAO. They can also assign or delegate their voting power to other participants.

Other use cases of DDX include:

Where can you buy DDX?

DDX can be traded on the CEXs and DEXs listed here. Among the most popular venues with higher liquidity are CoinBase Pro, CoinEx, and Uniswap V2. The DDX price may change depending on the exchange selected and broader market conditions. For the latest and historical DDX market pricing, check the price charts on this page.