Coldstack partners with Derify

Mische Martinete — Thu, 14 Dec 2023 01:41:33 +0000

Coldstack partners with Derify, a decentralized perpetual contracts exchange that mines through holding positions. Theoretically, Derify Protocol can support various fungible tokens as collateral for perpetual future trading, such as ERC20/BEP20.

Similar to ColdStack, the Derify protocol strives to be one of the most secure, versatile, and globally adopted Web3 infrastructures available. Their goal is to establish a foundation for more inventive DeFi applications and products, bolstered by the presence of the Derify protocol and ColdStack’s decentralized storage aggregator.

Derify Protocol and ColdStack: Working Towards a Decentralized Future

At Derify Protocol, they strongly support the concept of a Decentralized Autonomous Organization (DAO). Meanwhile, ColdStack is committed to establishing a unified Web3 ecosystem. As they move forward with this vision, every member and partner will have the opportunity to contribute to the ecosystem’s development, improvement, and management. In addition, they may be eligible for rewards for their contributions to our advancement.

Coldstack and Derify collaboration is poised to make significant strides in promoting the widespread acceptance of Web3 and blockchain technologies. They shared a vision to transform the current web landscape and pave the way for a decentralized future.

Introducing Derify protocol – a pioneering decentralized derivative trading system that enables traders to transact with up to 75X leverage on exchanges. Derify protocol is a programmable liquidity pool that accepts various assets as collateral, setting the stage for advanced and complex DeFi (decentralized finance) transactions through third-party smart contracts.

Derify protocol offers the freedom to create any derivative (as long as appropriate Oracles exist) and supports all types of derivatives, including on-chain assets like cryptocurrencies, as well as off-chain assets such as gold, foreign exchange, and crude oil.

Introducing ColdStack: The First Decentralized Cloud Aggregator

ColdStack is the first-of-its-kind aggregator for decentralized cloud storage, providing a seamless entry point to any Decentralized Storage Network. Its proprietary AI-based pipeline optimizes the final cost for users, offering significant savings of up to 80% on data storage costs. What’s more, our AI technology selects the most effective solution available on the market, tailored to each user’s specific needs.

#DERIFY Archives - Smart Liquidity Research

Coldstack partners with Derify