Top 5 Derivative Platform On Solana

What are Derivatives?

Derivatives are products including options, futures, collateralized loans, and prediction markets, where an arrangement or instrument has a value derived from the underlying asset. The underlying asset could be anything: a stock, bond, interest rate, commodity, or currency. Ultimately, it gives investors exposure without actually having to hold the asset, and the ability to easily transfer risk from one party to another. 

Mango Market

Mango Markets is a decentralized platform that allows cross-margin trading using up to 5x leverage on Solana’s Blockchain platform. In addition, Mango Markets also integrates with the order book system of Serum DEX.

Decentralized,cross-margin trading: Up to 5x leverage · Lightning Speed · Near-zero fees.

•  Trade: Trade with up to 5x leverage, long or short, with limit orders on Serum DEX’s fully on-chain order book as a maker or taker while earning interest on deposits and margin positions.
•  Lend: Earn maximal interest on deposits, protect against inflation, and utilize idle investments. Always maintain custody of your funds.
•  Fees: No fees on interest. The only fees you will pay are for trading on Serum DEX. Contribute your SRM into our pool to reduce the fees for everyone. Let’s reach the top Serum fee tier together.

What is Mango Markets($MNGO) | Everything you need to know about it.

Zeta Markets

Zeta Markets is a decentralized platform built on Solana that facilitates liquid, non-custodial, and under-collateralized derivatives trading. Zeta utilizes Solana’s censorship-resistant infrastructure to provide users with pricing updates, liquidations, the ability to execute trades and settle positions sub-second while paying less than $0.01 in gas fees.

Their value proposition:

• Hybrid orderbook and options AMM model (Automated Market Maker) that allows for efficient pricing and deep liquidity
• Greater capital efficiency via under-collateralization
• Lightning fast transactions and low fees care of Solana
• A strong focus on the user experience with easy-to-trade derivative products and exciting underlying

Backers

Zeta Markets Completes $8.5m Strategic Funding Round Led by Jump Capital

01 Exchange

01 Exchange is a full-suite derivatives exchange, offering everything a centralized exchange offers, and more, through a fully decentralized protocol. The exchange features an on-chain limit orderbook through a deep integration with Project Serum, cross-collateralization (i.e. the ability to collateralize multiple positions using different tokens), powerful cross-margining (i.e. sharing leverage across all positions under a single account), and yield-earning deposits, all without sacrificing on decentralization.

Backers

01 Exchange Raises $2.2M Seed Led by Alameda Research and Multicoin Capital

Synthetify

Synthetify is a synthetic asset management platform built on Solana’s blockchain network.

Like other synthetic assets projects, the project’s goal is to help provide off-chain derivatives such as commodities, stocks, stock indices, currencies, and other types of derivatives. assets on the cryptocurrency (on-chain) market.

Highlights of Synthetify

Compared to similar projects on the market, Synthetify’s products have the following special features:

• Transaction fees: As mentioned above, because it is built on Solana’s blockchain network, Synthetify will enjoy extremely low transaction fees (only $ 0.0001 per transaction).
• Transaction Processing: Solana is the best transaction processing network available today with more than 50,000 transactions per second. Therefore, it will be very difficult to block orders when too many transactions are pushed on the system.
• Fast transaction times: The average time per transaction on Solana is relatively low (with only 0.6s).
• Minimize price differences: By regularly updating prices on oracles, the prices of products on Synthetify will avoid being significantly different from other tools.

Investors

Cypher Trade

Cypher is a decentralised synthetic asset protocol built on top of the Solana blockchain. The protocol will allow for the minting and trading of synthetic assets (traded directly in a peer-to-peer manner, via the platform interface, or via other Dapps in the Solana ecosystem in the future) that are derivatives of another (off-chain) asset.

Their value proposition:

• Orderbook: Trading on cypher provides advantages over other DEXs and synthetic asset platforms. A peer-to-peer (p2p) traded orderbook prevents LPs from suffering from impermanent loss, which is always possible with an AMM style DEX.
• cAssets, the synthetics: cAssets are the synthetic assets that are minted via the cypher protocol. These synthetic assets allow for retail and institutional participants to gain exposure to the underlying asset without having to actually own it.
• Oracle System: cypher will be leveraging both the switchboard and pyth network for the protocol’s oracle implementation. The oracles will be responsible for pulling off-chain or on-chain data, depending on the particular market and the lifecycle of said market.

Backers

Cypher Raises $2.1M for Traditional Futures Market on Solana

Find more information:

Mango Market: https://www.mango.markets/

Zeta Markets: https://zeta.markets/

01 Exchange: https://01.xyz/

Synthetify: https://synthetify.io/

Cypher Trade: https://cypher.trade/

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Issac

Coincu Ventures