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
66	Jupiter JUP	$1.07	0.22%	4.20%	8.62%	$1.45B$1,449,803,432	$145,887,120 135,844,355 JUP	1,350,000,000 JUP
113	FTX Token FTT	$2.02	1.22%	8.41%	10.35%	$663.65M$663,652,353	$59,176,184 29,326,736 FTT	328,895,104 FTT
126	Synthetix SNX	$1.68	0.10%	3.26%	7.23%	$550.87M$550,874,927	$40,678,373 24,203,530 SNX	327,769,196 SNX
197	GMX GMX	$28.66	0.46%	0.01%	1.58%	$281.73M$281,734,889	$20,695,023 722,177 GMX	9,831,472 GMX
198	dYdX (ethDYDX) ETHDYDX	$1.23	0.14%	0.55%	0.59%	$269.15M$269,148,786	$38,515,370 31,427,143 ETHDYDX	219,615,632 ETHDYDX
221	Drift DRIFT	$1.32	0.66%	2.17%	9.20%	$341.32M$341,316,159	$121,289,456 91,568,805 DRIFT	257,680,379 DRIFT
251	UMA UMA	$2.52	0.54%	0.43%	0.43%	$217.4M$217,404,505	$20,268,836 8,029,261 UMA	86,122,238 UMA
635	Perpetual Protocol PERP	$0.7167	1.07%	2.90%	0.40%	$47.3M$47,303,916	$11,770,700 16,423,410 PERP	66,002,157 PERP
685	Whiteheart WHITE	$4,400.59	0.08%	0.22%	1.40%	$39.11M$39,112,459	--	8,888 WHITE
701	Ribbon Finance RBN	$0.3357	0.72%	4.67%	9.20%	$37.38M$37,378,056	$225,614 672,036 RBN	111,337,951 RBN
	MangoMNGO	$0.03
	TranchessCHESS	$0.16
	APXAPX	$0.05
	HegicHEGIC	$0.02
	RabbitXRBX	$0.02
	MUX ProtocolMCB	$2.47
	BifrostBNC	$0.22
	SerumSRM	$0.03
	OpenOceanOOE	$0.01
	Carbon ProtocolSWTH	$0.00
	DerivaDAODDX	$0.10
	Mirror ProtocolMIR	$0.03
	GoviGOVI	$0.08
	Horizon ProtocolHZN	$0.01
	KromatikaKROM	$0.02
	Deri ProtocolDERI	$0.01
	OddzODDZ	$0.01
	Vega ProtocolVEGA	$0.01
	Reflexer Ungovernance TokenFLX	$2.65
	DexToroDTORO	$0.17
	BituneTUNE	$0.01
	OpiumOPIUM	$0.05
	HedgetHGET	$0.11
	PowerTrade FuelPTF	$0.01
	SakeTokenSAKE	$0.00
	Jarvis NetworkJRT	$0.00
	ShadowsDOWS	$0.00
	ZetaZEX	$0.06
	Rage TradeRAGE	$0.06
	DopexDPX	$10.12
	HMXHMX	$1.15
	ETH 2x Flexible Leverage IndexETH2X-FLI	$18.37
	Globe Derivative ExchangeGDT	$0.00
	YieldificationYDF	$0.00
	PremiaPREMIA	$0.14
	Gains FarmGFARM2	$3513.09
	AuctusAUC	$0.00
	TigrisTIG	$0.06
	LienLIEN	$0.21
	Structure financeSTF	$0.00
	Cadence ProtocolCAD	$0.00
	Binance BTCDOM IndexBTCDOM	$0.00
	HyperliquidHYPE	$0.00
	SynFutures ProtocolSYNFUTURES	$0.00
	LeverjLEV	$--
	FinNexusFNX	$--
	DEUS FinanceDEUS	$--
	SynLevSYN	$--
	DEUS Finance DEADEA	$--
	Oiler NetworkOIL	$--
	SirenSI	$--
	BluefinBLUE	$--
	dFutureDFT	$--
	YOLOrektYOLO	$--
	RISQ ProtocolRISQ	$--
	Qilin ProtocolTBA	$--
	ArithFiATF	$--

Top Derivatives Tokens by Market Capitalization