what's DerivaDEX?
DerivaDEX is a decentralized exchange (DEX) focused on derivative contracts, built on Ethereum. It operates as a community-owned platform governed by the DerivaDAO, utilizing the native DDX token for governance, liquidity mining, and staking into insurance funds that backstop traders against losses like auto-deleveraging. The protocol employs a custom layer-two operator network to achieve centralized exchange-like performance in speed and cost, while maintaining decentralization and security. This architecture separates trading execution from the public blockchain, enabling high-throughput derivatives trading with features like perpetuals and options, supported by investors including Polychain Capital, Coinbase Ventures, and Dragonfly Capital.
DerivaDEX implements client-side order encryption & SGX enclaves with FIFO to eliminate MEV.
Implements client-side order encryption and executes matching inside Intel SGX secure enclaves with FIFO execution to eliminate front-running and MEV.
Receives test license from Bermuda Monetary Authority as the first decentralized derivative protocol to operate as a DAO-governed crypto derivatives exchange.