Categorizing the derivatives and perpetuals landscape

Over the past couple of years there has been a lot of activity not just in DeFi but in the evolution of on-and-off chain platforms for trading derivatives and perpetual contracts.

Below is a non-exhaustive table that attempts to segment and differentiate who some of the major players known. It is a work in progress and likely is missing some parts. For instance, of those listed: Synthetix and uSTONKS are the only ones that track indices and Mirror (built on Terra) attempts to track real world assets. A notable company excluded from the list: FTX (a large CEX) trades tokenizes equities and indices.

ProductOracleExchangeContract
Own Layer I
Perpetual Protocol (xDai Chain)ChainLinkDEXPerpetuals
TerraBAND/OwnDEXSynthetics
Ethereum Layer I / II
SynthetixChainLinkDEXSynthetics
MCDEXChainLinkDEXPerpetuals
dYdXChainLinkDEXPerpetuals
FutureSwapChainLinkDEXPerpetuals
UMA (uSTONKS)Self-referDEXTWAP
Centralised
BITFOREXN/ACEXPerpetuals
HBDMN/ACEXPerpetuals
BinanceN/ACEXPerpetuals
BBX (sub of OKEx)N/ACEXPerpetuals
Huobi FuturesN/ACEXPerpetuals

What is missing, what should be added, what nuances should be made?

Leave a Reply

Your email address will not be published. Required fields are marked *