Deri Protocol
DERI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Deri Protocol (DERI) presents a project with ongoing engineering efforts but critical weaknesses across adoption, liquidity, and market traction. On the development side (Score: 6.5/10), the protocol demonstrates sustained technical progress, progressing through multi-version deployments (V3, V4, and V5) and multi-chain expansions across EVM networks. Security (Score: 5.5/10) is supported by comprehensive audits from PeckShield and CertiK alongside a 72.18 BBB Skynet rating; an October 2022 exploit resulted in a minor ~$145K loss that was patched and does not trigger the red-flag cap given its age (>24 months) and modest scale. Team and Governance (Score: 5.5/10) reflects experienced personnel with institutional backing (GSR, Mint Ventures), though specific founder identities remain undisclosed and on-chain DAO mechanisms are limited. Severe deficiencies dominate the operational and market performance: Community Support (Score: 1.5/10) reflects near-zero on-chain usage with zero active wallets, zero volume, and minimal contract balances on DappRadar. Market and Use Case (Score: 2.0/10) and Tokenomics (Score: 4.0/10) reveal extreme distress, characterized by a 99.98% price collapse from all-time highs, a sub-$500K market cap, an ongoing inflationary emission schedule exceeding fee burns, and virtually absent liquidity. The overall score of 4.3 is the exact weighted average across all six fully evaluated sections with no data gaps.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Deri Protocol (DERI)
Deri Protocol (DERI) is a decentralized derivatives protocol launched in 2021 by a development group known as Defi Factory, with backing from institutional investors including GSR, Mint Ventures, WOO Network, and YZi Labs. Operating across multiple EVM-compatible networks—such as Ethereum, Arbitrum, BNB Chain, Base, and Linea—the platform enables the trading of on-chain derivatives, including perpetual futures and everlasting options.
The native token, DERI, is utilized for protocol governance participation, fee discounts, and staking qualifications for liquidators. The tokenomics model incorporates an ongoing inflationary mining emission schedule alongside a deflationary burn mechanism established under DIP 15, which directs 40% of generated protocol fees toward token buybacks and burns. Approximately 27% of the total supply is in circulation, though token emissions have outpaced burns due to low transaction fee generation, and formal decentralized governance remains limited with primary decisions directed by the core team.
The protocol's smart contracts have undergone audits by PeckShield and CertiK across multiple versions. In October 2022, Deri Protocol suffered a smart contract exploit resulting in an estimated loss of $145,000 due to a contract-logic vulnerability accessible within a single atomic block. In addition to the exploit, the project faces significant market and adoption challenges, including a 99.98% price drawdown from its all-time high, a market capitalization below $500,000, and near-zero active on-chain trading volumes and user participation.