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Top 5 Derivatives Platforms in Decentralized Finance (DeFi)

BitForex Editor
Sep 15, 2020

If you are conversant with the recent developments regarding Blockchain, then you must have heard of one of the fastest rising industry - Decentralized Finance (DeFi). However, if you are a newbie who is just hearing about it for the first time, DeFi is a decentralized platform that was established to ensure easy transactions and payments making use of Ethereum's smart contract capabilities. With this, users do not have to wait for the activities of a third party or some protocol before they carry out transactions or make payment using blockchain technology.

With the Decentralized Finance (DeFi), you can put your money into a smart contract, trade it, and earn interest on several activities that are carried out on it, which could go as much as 20% of the amount pulled into the smart contract. It's that simple, that effective, and most importantly that secured.

DeFi takes away the long-standing monopoly of financial services in the digital space allowing users to have control over several activities. This includes the collection and management of data as well as the insurance and stability of currencies. Having said this much about decentralized finance (DeFi), let us examine the top 5 derivatives platforms in DeFi and why you should consider them.

Yearn Finance (YFI)

Yearn Finance is a popular and captivating project that was just launched recently. However, the recent launch, it didn't take long before the native token of Yearn Finance exploded as only a limited number of tokens were supplied to the market. Liquidity providers on this project are referred to as "farmers" who had some token exclusively reserved for them.

Yearn Finance is a decentralized ecosystem for users of lending services. It works in a simple, but yet effective manner that allows users to deposit tokens that are listed on the exchange to qualify for the selection process of profitable lending opportunities available. Led by Andre Cronje - a developer, YFI tokens are owned by members of the community and not by everyone.

So here you go with the top 5 derivatives platforms in Decentralized Finance (DeFi) with a prospect to spark a huge change to the DeFi space. While there is no certainty as to what to expect, these platforms all look ready to transform the space and seem a worthy investment for anyone. With a good record in 2020, the next two years or more look favorable for these platforms provided all things are equal and the demand for decentralized protocols increases.


Hyped by the press to be the first complete derivatives exchange in the world, Serum is a DEFI DEX built off Solana. Still an upcoming DEX, Serum has presented itself to be a top contender in the market. With the producing company committed to making sure this exchange thrives where other DEX's have failed, you might just be looking at one of the most profitable technological innovation. 

This project looks to allow for a cross-chain transaction between users at a faster and more impressive rate. While being a decentralized exchange, it aims at providing traders with the same power and convenience they get from making use of a centralized exchange. The major strength of this project is that it is both permissionless and trustless by providing favor node operators with the necessary incentives that can be used to stake on the project.

Orion Protocol

Another leading derivatives platform in DeFi is the Orion Protocol which is rated as the first Dynamic Coin Offering (DYCO) in the cryptocurrency marketplace. With a very prosperous 2020, Orion Protocol has built a B2B and B2C solution that makes transactions between businesses and customers faster, better, and more effective.

Lead by Alexey Koloskov - an expert blockchain developer, Orion Protocol witnessed a lot of sales in 2020 alone, thanks to its very strategic partnership. Notable investors that Orion Protocol partners with include Bitmax, Acheron, and Elrond Network amongst others. Since its launch, over 33% of its initial coin offering has been contributed which has made it a more stable token.

Decentralized Information Asset (DIA)

The Decentralized Information Asset is a Swiss-owned blockchain project that was established with a not-for-profit mission. This project aims at increasing user adoption of a more transparent system by creating an open-source ecosystem. The accepted token in this DIA ecosystem is the DIA tokens. This ecosystem is a vibrant one that is made up of several DIA token holders who control the distribution and sale of these tokens.

With a productive start, the future seems very bright for Decentralized Information Asset as it aims at being the open-source platform for crypto and financial data. If there is a derivative platform that is worth your attention, then you should consider the DIA. Several notable investors are committed to ensuring the success of this project.

Though a new protocol that was only launched a few months ago, this derivative in DeFi has caught the attention of many investors and users. This protocol is designed for machines to interact with themselves making it a chat protocol. This protocol makes use of blockchain technology to carry out decentralized computing and storage. With an estimated public cloud services market of over $520 billion in the year 2020, you can see what makes it one of the leading platforms. As the demand for a more decentralized chat protocol for machines increases, so will the demand for Aleph. Aleph partners with Serum which is said to be the world's first complete derivatives exchange on Decentralized Finance.

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