Comment on page
What is DIVA Protocol
A permissionless protocol for creating derivative contracts peer-to-peer
DIVA Protocol is the first truly universal smart contract-based system for creating and managing derivative financial contracts peer-to-peer. It provides a platform for developers to build a wide range of derivative financial applications, including structured products, insurance, prediction markets, conditional donations, swaps, bets, and more, all in a fully permissionless way without involving a central intermediary.
DIVA Protocol distinguishes itself from peers like Augur, Polymarket, and Opyn in several key ways:
- ⚙️High customization: DIVA Protocol offers unmatched customization, allowing users to select virtually any metric as the underlying and choose from a wide range of payoff profiles. With its flexibility to accommodate various slopes, barriers, and ranges, DIVA Protocol is especially well-suited for application in structured products.
- ☂️Compliance layer: DIVA Protocol is one of the first DeFi protocols that implements a compliance feature to enable traditional financial institutions to use DIVA Protocol while complying with existing KYC and AML regulations.
- ⛽Gas optimized: DIVA Protocol implements an efficient off-chain matching mechanism with an on-chain settlement process leveraging the EIP712 signature standard, thereby optimizing gas usage by creating the derivative contract on-chain only when a counterparty is found.
- 🧩Composable: DIVA Protocol harnesses the true power of decentralized finance by prioritizing composability. Developers can seamlessly combine DIVA Protocol with any oracle and trading infrastructure when building end-user applications.
An overview of products that can be powered by DIVA Protocol is provided below:
Example products that can be powered by DIVA Protocol