Question 1

How does a crypto derivatives contract work?

Accepted Answer

A crypto derivatives contract works similarly to traditional financial derivatives. It's an agreement between two or more parties based on the future price of a cryptocurrency. Depending on the contract type, participants agree to buy or sell the underlying cryptocurrency at a predetermined price at a future date. This allows them to speculate on the price movements, hedge their existing positions, or gain access to the cryptocurrency without actually owning it.

Question 2

Are all tokens related to crypto derivatives risky?

Accepted Answer

The risk associated with any investment varies based on numerous factors, and crypto derivatives tokens are no different. They are inherently complex, involving aspects of both cryptocurrency volatility and derivatives risk. Therefore, they are generally considered more risky than traditional cryptocurrencies. However, as with all investment decisions, risk tolerance and potential reward should be evaluated on an individual basis, and thorough research should be conducted before investing.

Question 3

What makes decentralized finance (DeFi) derivatives unique?

Accepted Answer

DeFi derivatives offer a unique proposition by combining the world of derivatives with decentralized finance. These derivatives operate on a blockchain, which means they are not controlled by any central authority, offering greater transparency and accessibility. Moreover, they enable users to trade derivatives of digital assets like cryptocurrencies directly, without intermediaries. However, they also have their share of risks, including smart contract vulnerabilities and rapid price fluctuations. As always, thorough personal research is recommended before getting involved.

#	Name	Price	1h %	24h %	7d %	Market Cap	Volume(24h)	Circulating Supply
64	Jupiter JUP	$0.7309	1.09%	0.72%	1.88%	$986.72M$986,722,157	$62,066,334 84,917,066 JUP	1,350,000,000 JUP
117	Synthetix SNX	$1.39	1.56%	1.16%	1.21%	$456.03M$456,034,109	$16,878,559 12,131,268 SNX	327,769,196 SNX
126	FTX Token FTT	$1.28	0.37%	0.95%	0.81%	$421.72M$421,718,891	$7,464,095 5,821,186 FTT	328,895,104 FTT
187	GMX GMX	$23.65	3.33%	2.76%	0.32%	$229M$229,000,468	$11,361,582 480,343 GMX	9,681,645 GMX
230	dYdX (ethDYDX) ETHDYDX	$0.8494	1.67%	2.82%	4.30%	$187.01M$187,006,033	$20,128,276 23,696,933 ETHDYDX	220,161,399 ETHDYDX
237	UMA UMA	$2.14	0.88%	2.32%	2.63%	$176.69M$176,689,692	$23,575,351 11,019,614 UMA	82,588,471 UMA
250	Drift DRIFT	$0.6979	0.23%	0.20%	29.71%	$157.99M$157,988,665	$24,107,183 34,544,622 DRIFT	226,391,386 DRIFT
538	Ribbon Finance RBN	$0.3647	0.79%	0.20%	9.11%	$46.06M$46,058,684	$1,907,489 5,230,280 RBN	126,291,579 RBN
577	Perpetual Protocol PERP	$0.6004	1.23%	1.83%	6.46%	$39.63M$39,629,052	$5,517,483 9,189,363 PERP	66,002,157 PERP
621	Whiteheart WHITE	$3,821.21	0.31%	0.15%	3.85%	$33.96M$33,962,926	--	8,888 WHITE
	TranchessCHESS	$0.16
	APXAPX	$0.05
	MangoMNGO	$0.01
	HegicHEGIC	$0.02
	MUX ProtocolMCB	$3.04
	BifrostBNC	$0.20
	SerumSRM	$0.03
	RabbitXRBX	$0.01
	Carbon ProtocolSWTH	$0.00
	OpenOceanOOE	$0.01
	Vega ProtocolVEGA	$0.04
	GoviGOVI	$0.07
	Horizon ProtocolHZN	$0.01
	Deri ProtocolDERI	$0.01
	KromatikaKROM	$0.02
	Mirror ProtocolMIR	$0.01
	DerivaDAODDX	$0.04
	Reflexer Ungovernance TokenFLX	$5.16
	DexToroDTORO	$0.28
	OddzODDZ	$0.01
	BituneTUNE	$0.02
	HedgetHGET	$0.18
	OpiumOPIUM	$0.06
	PowerTrade FuelPTF	$0.01
	SakeTokenSAKE	$0.00
	Jarvis NetworkJRT	$0.00
	ShadowsDOWS	$0.00
	ZetaZEX	$0.06
	DopexDPX	$10.57
	Rage TradeRAGE	$0.09
	Cadence ProtocolCAD	$0.08
	PremiaPREMIA	$0.11
	Structure financeSTF	$0.00
	ETH 2x Flexible Leverage IndexETH2X-FLI	$10.80
	HMXHMX	$1.32
	Gains FarmGFARM2	$2770.57
	TigrisTIG	$0.06
	YieldificationYDF	$0.00
	AuctusAUC	$0.00
	Globe Derivative ExchangeGDT	$0.00
	LienLIEN	$0.20
	Oiler NetworkOIL	$0.04
	ArithFiATF	$0.02
	Binance BTCDOM IndexBTCDOM	$0.00
	SynFutures ProtocolSYNFUTURES	$0.00
	LeverjLEV	$--
	FinNexusFNX	$--
	DEUS FinanceDEUS	$--
	SynLevSYN	$--
	DEUS Finance DEADEA	$--
	SirenSI	$--
	BluefinBLUE	$--
	dFutureDFT	$--
	YOLOrektYOLO	$--
	RISQ ProtocolRISQ	$--
	Qilin ProtocolTBA	$--

Top Derivatives Tokens by Market Capitalization