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What is Upshot?

Upshot is an innovative protocol that uses appraisal games to incentivize individuals to provide truthful answers to subjective questions. Its first product is designed to establish an effective price-discovery mechanism for NFTs by rewarding experts for their honest assessments, thus creating new avenues for specialists and laying the groundwork for groundbreaking DeFi innovations. Operating as a question-and-answer protocol, Upshot One leverages a cutting-edge area of mechanism design called peer prediction, which encourages users to respond with sincerity. The primary aim of the protocol is to reliably and effectively align authentic answers with inquiries, thereby enhancing a variety of exciting applications such as efficient price discovery for niche assets, decentralized insurance solutions, governance models, content curation, and more. Serving as a modular framework, Upshot One is adaptable for various critical sectors, with its initial deployment focusing on the efficient price discovery of NFTs. Additionally, the protocol's inherent flexibility allows it to evolve in response to emerging use cases as the ecosystem continues to advance, ensuring its relevance in a rapidly changing landscape. This capacity for adaptation positions Upshot as a forward-looking solution in the DeFi space.

What is Deri?

Deri Protocol is transforming the decentralized finance (DeFi) space by allowing users to trade derivatives directly on-chain, serving various purposes such as hedging, speculation, and arbitrage. Through its automated market maker (AMM) framework, Deri Protocol tokenizes trading positions as non-fungible tokens (NFTs), which enhances its compatibility with numerous DeFi applications. By providing an efficient and accurate way to exchange risk exposures, Deri Protocol has positioned itself as a critical component of the DeFi ecosystem. This decentralized exchange of derivatives combines essential elements of both DeFi and traditional financial derivatives, creating a solid foundation for user engagement. The protocol operates as a collection of smart contracts on the Ethereum blockchain, ensuring that the entire process of risk exposure exchange is conducted in a decentralized fashion. Additionally, it enables users to create liquidity pools using any base token, although it generally prefers stablecoins like USDT or DAI, promoting flexibility and adaptability in trading. This ability to engage with multiple trading strategies while leveraging the unique advantages of DeFi technology solidifies Deri Protocol's role in the evolving landscape of financial markets. As such, it not only meets diverse user needs but also encourages broader participation in the DeFi ecosystem, making it a vital player in the future of finance.

Media

Media

Integrations Supported

Autofarm
BNB Smart Chain (BSC)
Ethereum
FOX Wallet
MetaMask
Polygon
Telegram

Integrations Supported

Autofarm
BNB Smart Chain (BSC)
Ethereum
FOX Wallet
MetaMask
Polygon
Telegram

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Upshot

Company Website

upshot.io

Company Facts

Organization Name

Deri

Date Founded

2020

Company Website

deri.finance/

Categories and Features

Categories and Features

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