Derpetual Brings Decentralized Futures to Crypto Market

Derpetual is shaking up the world of derivatives by introducing a decentralized protocol for creating and settling abstract futures. Unlike traditional order books, positions on Derpetual are formed directly between counterparties that take opposing sides of a defined future value.

This new infrastructure allows markets whose underlying reference can be expressed as a number to extend derivatives beyond standard crypto assets. A production implementation called Derp.trade has already been built using the protocol, and Derpetual's own trading interface is currently under development.