What is DIVA Protocol
An open and permissionless protocol to create and settle derivative assets
DIVA Protocol is a decentralized and permissionless piece of infrastructure that allows its users to create and settle fully customizable event-driven products (also known as "derivatives"). Users can choose any public data feed as the underlying (e.g., the price of an asset or a basket of assets, the TVL locked in DeFi, Ethereum gas price, Bitcoin hash rate, the average temperature, etc.) and combine it with a wide range of possible payoff profiles (binary, linear, convex, or concave) to create truly unique products that do not yet exist in DeFi and the traditional financial world.
An overview of products that can be powered by DIVA Protocol is provided below:
Example products that can be powered by DIVA Protocol