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	$0.7841	0.07%	1.92%	14.72%	$1.06B$1,058,520,383	$55,482,490 70,760,434 JUP	1,350,000,000 JUP
80	FTX Token FTT	$2.51	1.35%	4.88%	79.15%	$824.6M$824,596,357	$87,684,498 34,973,478 FTT	328,895,104 FTT
125	Synthetix SNX	$1.42	0.05%	4.38%	16.28%	$464.53M$464,527,296	$13,828,530 9,757,373 SNX	327,769,196 SNX
192	UMA UMA	$2.95	0.40%	0.86%	13.61%	$244.61M$244,614,630	$24,805,458 8,419,877 UMA	83,031,123 UMA
233	GMX GMX	$21.46	0.11%	1.36%	18.33%	$208.66M$208,656,216	$8,392,108 391,056 GMX	9,722,968 GMX
241	dYdX (ethDYDX) ETHDYDX	$0.8788	0.16%	0.66%	16.72%	$193.43M$193,432,329	$13,315,162 15,151,764 ETHDYDX	220,113,053 ETHDYDX
298	Drift DRIFT	$0.5787	0.89%	1.07%	16.33%	$133.57M$133,574,599	$13,031,861 22,517,354 DRIFT	230,799,470 DRIFT
583	Ribbon Finance RBN	$0.3434	0.55%	4.88%	18.70%	$42.16M$42,161,833	$1,601,539 4,663,640 RBN	122,774,169 RBN
613	Perpetual Protocol PERP	$0.5707	0.28%	6.50%	18.26%	$37.67M$37,667,525	$5,663,357 9,923,502 PERP	66,002,157 PERP
646	Whiteheart WHITE	$3,811.73	0.04%	0.77%	5.06%	$33.88M$33,878,666	--	8,888 WHITE
	TranchessCHESS	$0.14
	APXAPX	$0.04
	MangoMNGO	$0.02
	HegicHEGIC	$0.02
	MUX ProtocolMCB	$2.59
	SerumSRM	$0.03
	BifrostBNC	$0.19
	RabbitXRBX	$0.01
	Carbon ProtocolSWTH	$0.00
	OpenOceanOOE	$0.01
	Horizon ProtocolHZN	$0.02
	GoviGOVI	$0.07
	Deri ProtocolDERI	$0.01
	KromatikaKROM	$0.02
	Mirror ProtocolMIR	$0.02
	DerivaDAODDX	$0.04
	Vega ProtocolVEGA	$0.01
	OddzODDZ	$0.01
	Reflexer Ungovernance TokenFLX	$3.42
	DexToroDTORO	$0.20
	BituneTUNE	$0.02
	OpiumOPIUM	$0.06
	HedgetHGET	$0.15
	PowerTrade FuelPTF	$0.01
	SakeTokenSAKE	$0.00
	Jarvis NetworkJRT	$0.00
	ShadowsDOWS	$0.00
	ZetaZEX	$0.04
	DopexDPX	$10.84
	Structure financeSTF	$0.00
	Rage TradeRAGE	$0.05
	PremiaPREMIA	$0.12
	HMXHMX	$1.52
	Cadence ProtocolCAD	$0.09
	ETH 2x Flexible Leverage IndexETH2X-FLI	$11.62
	Gains FarmGFARM2	$2921.94
	Globe Derivative ExchangeGDT	$0.00
	YieldificationYDF	$0.00
	LienLIEN	$0.21
	AuctusAUC	$0.00
	TigrisTIG	$0.06
	ArithFiATF	$0.02
	Binance BTCDOM IndexBTCDOM	$0.00
	SynFutures ProtocolSYNFUTURES	$0.00
	LeverjLEV	$--
	FinNexusFNX	$--
	DEUS FinanceDEUS	$--
	SynLevSYN	$--
	DEUS Finance DEADEA	$--
	Oiler NetworkOIL	$--
	SirenSI	$--
	BluefinBLUE	$--
	dFutureDFT	$--
	YOLOrektYOLO	$--
	RISQ ProtocolRISQ	$--
	Qilin ProtocolTBA	$--

Top Derivatives Tokens by Market Capitalization