Diva protocol: A protocol for settling derivative products
Ever since cryptocurrency was birthed into reality we have seen a lot of amazing and tremendous development to the cryptocurrency ecosystem and the blockchain at large. This is one beauty of the cryptocurrency blockchain that almost every body have grown to love. Assuming after the great Nakamoto Satoshi created cryptocurrency and the Bitcoin blockchain, he then makes it a centralized system, we all knows that it is very possible that the blockchain ecosystem won't have grown to what it has attained to this current stage and stage. The beauty of everything that we are seeing today is that when it comes to cryptocurrency, we are decentralised. When it comes to cryptocurrency we knows we are still far from being 90% decentralised but at least we have tried when it comes to decentralisation and that is the main thing that has driven the cryptocurrency ecosystem to the stage that it has achieved today. The ability for me and you to be able to contribute to the cryptocurrency ecosystem without seeking anybody's permission is the key that has pushed the cryptocurrency ecosystem to the apex height.
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As per still speaking about the beauty of cryptocurrency and decentralization, we all can see that with the decentralization being pushed upfront the cryptocurrency ecosystem has grown so large. Decentralisation has really grown the cryptocurrency ecosystem in a lot of ways and that is something worth applauding. Just take a look at how with decentralisation we have seen mining, staking, blogging, trading, node mining, testnet activities all being introduced into the blockchain ecosystem. All the thing being introduced into the cryptocurrency ecosystem today are the beauty of the cryptocurrency ecosystem. While trying to grow the cryptocurrency ecosystem into more limelight, a protocol called diva protocol was birthed into reality.
Are you looking for a protocol where you can settle derivatives? If yes, search no more as with Diva protocol you can definitely get that sorted out. As for your information, diva protocol can be defined or seen as a universal and flexible smart contract-based operating system for creating and settling derivative products. The beauty of Diva Protocol stands in it ability for users to be able to create customized derivative products such as insurance, structured products, conditional donations, swaps, p2p etc. Using the Diva protocol to run the above activities is so simple and easy, you will never find it difficult as the protocol is easy to use unlike some other protocols.
The beauty of Diva protocol is in it ability to remove the dependence on central intermediaries as with it, counterparty risk is being eliminated. It also helps to expands access to the creation of derivative products, and improves liquidity by providing an open infrastructure for derivatives.
The Diva Protocol system offers full customization system in terms of both underlying and payoff profiles and natively implementing a compliance feature that enables traditional institutions to comply with existing AML/KYC regulations.
I believe with the above we have understand what the diva protocol system is and how it will be able to impact the cryptocurrency ecosystem positively. As for your information the diva protocol ecosystem is still in testnet and it will be going live during April 2023. It will be nice to be a partaker of this great ecosystem and protocol. This protocol for sure is going to add volume to the cryptocurrency ecosystem. With that, it shows it is for sure going to be worth paying attention to.
As per your information the Diva protocol token will act as governance token, it shall be used to govern the diva protocol ecosystem. There will be a maximum of 100m tokens in circulation. Not all the 100m will be released at once, 40% will be released over 2 years and the remaining 60% will be released over 30 years.
If you want to be a partaker of the Diva protocol ecosystem you are free to do so. They are various ways to be a member of this great protocol. You can buy their token when they launch by April, 2023 or you can simply be an early investor by investing into the team. You can take part in testnet activities to earn the coin also.
You can read more about the diva protocol project by also joining their discord group and following their Twitter page through the various links below link
I will end the post here, hope you love it.
This is a well-detailed piece about the Diva protocol. Considering the features, I believe it will make wave in the crypto community.
Nice piece bro
Thanks for the comment I appreciate
There are so many branches to cryptocurrency, you just have to identify which branches you want to operate via. Diva protocol seems amazing. Interesting read.
You are right. Stick to what works for you.