Decentralized derivatives trading protocol, as a new hot spot of DeFi in the 2021 bull market, is attracting more and more attention. A few days ago, Marcin Pawel, an enthusiastic member of the DDX community and an encryption researcher, made a rather detailed comparison of several major DeFi derivatives protocols to help market users form a clearer understanding. The excerpts of the DDX assistant are as follows, for readers——

DerivaDEX is a decentralized derivatives trading protocol based on Ethereum, which has the autonomy that traditional derivatives exchanges lack (DDX has adopted DAO to govern operations from the first day of its launch) and security (can resist single point of failure and review issues) ), as well as the real-time convenience of order book transactions and the transaction credibility of on-chain settlement.

DerivaDEX was founded by Aditya Palepu, a quantitative trader at DRW, a former quantitative trading company, and Frederic Fortier, a former senior software consultant at Enigma MPC. Since its establishment, it has received $2.7 million in venture capital. Investors include encryption investment funds such as Polychain, Dragonfly and Three Arrows Capital, Coinbase Ventures, and CMS Holdings, as well as individual investors such as Compound Strategy Director Calvin Liu and well-known cryptocurrency researcher Phil Daian. , and hired Gauntlet, the leading blockchain economic model consulting and auditing agency, as a consultant.

Injective Protocol is a decentralized Layer2 derivatives transaction protocol based on the Ethereum network. It integrates a verifiable delay function (VDF), and uses Proof of Elapsed Time to avoid order conflicts in the same block to eliminate transactions. Cheating and bad transactions, aiming to establish a technical solution that is trustless, publicly verifiable, resolvable, liquidity neutral and anti-front-running. Injective Protocol's peer-to-peer decentralized derivatives protocol enables fast and secure perpetual swaps, futures, leveraged and spot transactions.

Injective has acquired individuals including Binance, Pantera Capital, QCP Soteria, Axia8 Ventures, K42, Krypton Capital, etc., as well as Calvin Liu, head of Compound strategy, Charles Lu, CEO of Findora, and Josh Felker, former partner of DRW. Participate in voting.

Vega Protocol is a Layer 2-based decentralized derivatives trading protocol that provides trading products including futures, swaps, and options. Modules built using the Vega Protocol enable open access, reduce costs, and drive a new round of financial market innovation. Anyone can create products, create markets and trade. It focuses on the system optimization of DeFi and transactions, locks user assets on multi-signature addresses, and then generates corresponding assets on the Vega network to solve the problem of cross-chain assets while ensuring the security of users' assets.

In 2019, Vega announced that it had received a $5 million seed round of financing led by Pantera Capital. Other investors included Ripple's Xpring, Hashed, and KR1. In March 2020, Vega released a test network that allows parties to build trading products on it.

In addition, we have also made a long picture for you so that you can better compare the three projects👇