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DeFi Derivative Landscape
A hopefully comprehensive guide to the defi derivative landscape
Projects
Options
- Panoptic - Decentralized Perpetual Oracle-Free Options built on top of concentrated liquidity AMMs
- Opyn - Orderbook options protocol with power perpetuals and power perpetual strategies launching soon
- Predy - Drivative AMM protocol with Power Perpetual using Portfolio Margin. Live on Arbitrum.
- Hegic - Options with a liquidity pool
- Hedgey - Decentralized Orderbook options protocol for any pair of tokens (primarily long tail assets), targetted at Token Treasury & Community
- Dopex - Decentralized options pooled exchange on arbitrum
- Primitive - Crypto Derivatives
Without Oracles
- Premia - Options AMM
- Opium Protocol - Decentralized Derivatives Settlement Protocol and Infrastructure
- Siren - Polygon derivative trading with, leverage without liquidations
- Pods - Options AMM
- Vega - Derivative layer 1 based on tendermint
- Lyra - Options AMM protocol with a dynamic volatility input, on Optimism
- PsyOptions - Solana american style options
- Zeta - Solana options and futures exchange
- Arrow - Democratize Option Market Making, Brokering, Clearing and Settlement
- Levana - American style options on Juno
Perpetuals
Swaps
- DyDx - Perpetual Contracts on StarkWare
- Perpetual Protocol - Arbitrum and Optimism Perpetual contracts
- DerivaDEX - DEX for trading derivatives
- FutureSwap - Perpetuals trading pools
- Kine Protocol - Peer to Peer derivative trading
- Mango - Solana lending, spot and perpetuals trading
- Drift - Solana perpetual trading based on a vAMM
- Hubble Exchange - Avalanche perpetual trading based on a vAMM with dynamic repegging
- Tracer - Perpetual derivative pools
- Injective - Trade perpetual contracts
- Deri Protocol - Perpetual futures and everlasting options
- Pika - Perpetual trading on optimism
- MCCDEX - AMM perpetual trading with a shared liquidity model
- GMX - Arbitrum and Avalanche perpetual contracts
- Cap Finance - Perpetual contracts on arbitrum
- Anon Farm - Permisonless perpetual contracts backed by uniswap v3 positions
- Levana - Perpetual swaps on Osmosis
Options
Volatility
Composable Yield and Interest Rate Swaps
- Pendle - Trade and hedge future income
- Element - Fixed rate lending protocol
- Prism - Split digital assets into yield and principal components
- Volt - Interest rate swap AMM
Structured Products
- Antimatter - Principal protected structured products
- UXD - Algorithmic stablecoin backed by delta neutral positions on Solana
- Lemma - Basis trading protocol
Option Vaults
- Ribbon - Option vault structured product protocol
- Friktion - Option vaults on Solana
- Thetanuts - Option Vaults for long tail assets
- StakeDAO - Portfolio manager with option vaults
- Katana - Yield generation protocol for Solana
Staking Derivatives
NFT options and fractional shares
Reading
Projects
Other
Selected Reading
Option AMMs
Replicating Payoffs
Concentrated Liquidity and Option Payoffs
vAMMs
Power Perpetuals, Everlasting Options, and Perpetual Swaps
Other