Decentralized derivatives exchange Derivio launched its mainnet on zkSync Era. The platform offers traders perpetual futures, digital options, spot trades and other DeFi derivatives products, providing fast transaction speeds and low fees.
“Derivio is committed to creating a reliable and efficient on-chain derivatives infrastructure. Our goal is to promote innovation in self-control, self-sovereignty and economic freedom,” co-founder Michael Ho told The Block.
Derivio plans to reach a daily trading volume of $1 billion within six months, Ho added.
“Derivio’s cross-margining and multi-token pool design serves as the link for activating inactive funds and a way for projects to improve their token liquidity and supply,” the company said in a statement.
Binance-incubated
Founded in 2022, Derivio has a globally distributed team and is based in Saint Vincent and the Grenadines. The company does not disclose its valuation or financing plans.
Derivio is part of season 6 cohort of the Binance Labs Incubation Program, which provides resources and curriculum to web3 entrepreneurs and projects building in the Binance ecosystem.