DerivaDAO

DerivaDEX is a next-generation decentralized exchange for derivatives contracts. DerivaDEX uniquely combines the autonomy of decentralized exchanges with the performance of centralized exchanges. This article describes the token supply, distribution, and economics of DDX, the native token of the DerivaDEX protocol. DDX emissions and allocations have been carefully engineered to provide a sane, sustainable governance ecosystem for the stakeholders of the DerivaDEX community. This document addresses three components behind DDX economics: DDX genesis emission, DDX liquidity mining emissions, and the insurance fund (initially capitalized via a stablecoin staking program and governed by DDX holders).

Many aspects of DerivaDEX are subject to change by the DerivaDAO, including the capitalization and management of the DerivaDEX insurance fund. This flexible approach to system parameters ensures that the community can respond quickly to new opportunities and contexts.

All DDX will be non-transferable until our “governance cliff” is lifted, and DerivaDEX enters our mainnet phase.