Decentralized multi-chain asset protocol, Derived is planning the launch of its initial DEX offering, popular as IDO, on October 13, 2021. The platform’s token is expected to launch its native token, DVD, on OccamRazer decentralized launchpad and Poolz, a decentralized cross-chain IDO platform, a statement from the team reads.
Speaking on the upcoming IDO launch on OccamRazer, Bharat Verma, CEO of Derived Protocol stated,
“We are pleased to work with the Occam.fi team and host our IDO on OccamRazer! Through Occam.fi’s official links with cFund, IOHK, and EMURGO, they are perfectly placed to help our project grow and deliver decentralized trading infrastructure for Cardano.”
Derived is a decentralized synthetic asset protocol that allows users and traders access to stocks, commodities, foreign exchange, or cryptocurrency assets on multiple blockchains. The platform aims to ease decentralized trading of synthetic assets on its platform by reducing fees and allowing cross-chain transfer of assets.
Once launched, DVD aims to incentivize Derived users to trade, stake, and mint USD-stablecoins tokens on the platform. It will also provide liquidity for users to leverage synthetic assets across multiple blockchains and reduce the fees and costs, providing an improved global decentralized marketplace for cross-chain synthetic asset trading.
