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  • Introduction
    • Leverage
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  • Why Derion?
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  1. Guide

Pool Creation

PreviousProviding LiquidityNextTechnical Design

Last updated 5 months ago

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(Under Construction)

As Derion is an open-market protocol, anyone can create their own liquidity pool for any asset. From the main interface, change to the “Create” tab.

Each Derion pool has the following configs:

  • Reserve Token: the settlement token of the pool.

  • Price Oracle: the index price of the derivatives (currently, only Uniswap V3 is supported):

    • Pool Address: Uniswap V3 pool address.

    • Window: the number of seconds to consult the TWAP price. The longer the window, the more resistance to market price manipulation but with more price spread potential in volatile markets.

    • Quote Token Index (0 or 1): the index of the quote token of the Uniswap pool.

  • Mark Price: the square rooted value of the Mark price; it should be as close to the market price as possible and is recommended to be shared with multiple pools of the same Price Oracle.

  • Leverage: the compounding leverage of the 2 derivative tokens of the pool.

  • Daily Funding Rate

  • Maturity

  • Premium Rate

  • Opening Rate