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Decentralized Derivatives Trading Protocol DerivaDEX Launched Insurance Mining and DerivaDAO

Mary Liu

Summary: DerivaDEX, a decentralized derivatives trading protocol announced that it has officially launched insurance mining and DerivaDAO today. DerivaDEX is governed by DerivaDAO, and users can participate in governance through the protocol's governance token DDX. All modifications to the DDX system need to submit proposals and vote through governance. Insurance mining requires users to initiate insurance ...

DerivaDEX, a decentralized derivatives trading protocol announced that it has officially launched insurance mining and DerivaDAO today. DerivaDEX is governed by DerivaDAO, and users can participate in governance through the protocol's governance token DDX. All modifications to the DDX system need to submit proposals and vote through governance. Insurance mining requires users to initiate insurance funds through staking. Currently, a series of stablecoins can be used for staking, including USDT (ERC20), cUSDT, cUSDC, USDC, HUSD and GUSD, other support tokens will be added through community governance.

By Mary Liu

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