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DEUS

DEUS Finance  

#DEUS

DEUS Price:
$56.10
Volume:
All Time High:
$1,911
Market Cap:


Circulating Supply:
1,901,509
Exchanges:
Total Supply:
1,901,509
Markets:
Max Supply:
Pairs:



  DEUS PRICE


The price of #DEUS today is $56.10 USD.

The lowest DEUS price for this period was $0, the highest was $56.10, and the exact current price of one DEUS crypto coin is $56.09733.

The all-time high DEUS coin price was $1,911.

Use our custom price calculator to see the hypothetical price of DEUS with market cap of BTC or other crypto coins.


  DEUS OVERVIEW


The code for DEUS Finance crypto currency is #DEUS.

DEUS Finance is 2 years old.


  DEUS MARKET CAP


The current market capitalization for DEUS Finance is not available at this time.

DEUS Finance is ranked #15486 out of all coins, by market cap (and other factors).


  DEUS VOLUME


The trading volume is unknown during the past 24 hours for #DEUS.


  DEUS SUPPLY


The circulating supply of DEUS is 1,901,509 coins, which is 100% of the total coin supply.

A highlight of DEUS Finance is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.


  DEUS BLOCKCHAIN


DEUS is a token on the Ethereum blockchain, and has digital contracts with 2 other blockchains.

See list of the DEUS Blockchain contracts with 3 different blockchains.


  DEUS EXCHANGES


DEUS exchange data is not currently available.


  DEUS RELATED


Note that there are multiple coins that share the code #DEUS, and you can view them on our DEUS disambiguation page.


  DEUS RESOURCES


Websitedeus.finance/home
Whitepaperdeus.finance/litepaper.pdf
TwitterDeusDao
Telegramdeusfinance


  DEUS DEVELOPER NEWS



DEUS is pioneering on-chain derivatives

With the launch of DEUS v3, the Decentralized FIX (Decentralized Financial Information eXchange protocol) will be presented to the untapped DeFi markets. The Decentralized FIX is an OTC derivatives clearinghouse infrastructure, designed for third-party exchanges to build on top of and for traders and market makers to trade on. Learn more about the Decentralized FIX. Current implementations of DeFi/on-chain derivatives have failed to capture even a fraction of the corresponding TradFi markets. This article outlines why this is the case and how DEUS is positioned to leverage the opportunity with disruptive innovations. — The untapped on-chain futures market - In the diagram below, you can see that CEX futures volumes outshine DEX futures volumes massively, with DEX volumes accounting for only 2% of futures volume. — Potential of the on-chain fee market - As displayed on cryptofees.info, the on-chain revenues of leading protocols are insignificant when compared to the market’s potential when looking at the TradFi markets. At the time of writing this article, Ethereum dominates the on-chain fee market with average daily revenues below $4M. At the same time, DEUS’s direct counterparts GMX and Synthetix displayed underwhelming daily fees below $600K. These on-chain revenues are underwhelming, and even more so when compared to their TradFi counterparts that post multi-billion-dollar annual revenues. — DEUS’...




Quote-driven markets and DEUS DeFIX. The perfect match.

DEUS aims to bridge the worlds of traditional finance (TradFi) and DeFi. This will be achieved via the DEUS DeFIX (decentralized financial information exchange protocol), a request for quotation (RFQ) derivatives clearinghouse with bilateral clearing. DeFIX was designed for third-party exchanges to build on top of, and for traders and market makers to leverage. Learn more via the DEUS whitepaper. This article outlines why DeFIX was designed as a quote-driven clearinghouse vs the common order-driven variant that most exchanges adopt. In short, quote-based systems enable sophisticated trading & margin features, higher liquidity, and high on-chain scalability when compared to order-based counterparts such as dYdX, Perpetual protocol, GMX, and others. — Understanding the difference between quote and order-driven markets - Order-driven markets display all bids & asks (which create the bid/ask spread) on a public order book, while quote-driven markets display RFQs that traders put on-chain for market makers to monitor and fill. Learn more about the differences. — Order-driven markets - Below is an example of how the bid/ask spread affects price and functions within an order-based system.Disadvantages of order-driven markets Requires high-frequency updates that struggle to scale on blockchains., Tedious for market makers to manage a large asset universe on multiple order books., Order flow is often restricted to...




DEUS v3 testnet is here!

The launch of DEUS v3 testnet marks a monumental milestone in DEUS’s roadmap. The testnet contracts are live and users can interact with them via the dSynths front-end. DEUS v3 revolves around the DeFIX (decentralized financial information exchange protocol) engine. DeFIX is a peer-to-peer OTC derivatives clearinghouse built on top of smart contracts and Muon. Traders, market makers, and third-party exchanges can leverage DEUS’s advanced base-layer infrastructure and build their own financial instruments and protocols. Read more about DEUS DeFIX in the DEUS whitepaper. dSynths is the first 3rd-party front-end building on DEUS infrastructure, enabling users to trade stocks, commodities, CFDs, cryptocurrencies, and more, with leverage. Users place RFQs on-chain, which are filled subsequently by a hedger. — V3 Testnet - In this testnet version, users can mint test $DEI, deposit and allocate it to their trading balance, and place on-chain RFQ orders. The orders are then picked up and filled by the hedger. Users can go long or short with up to 100x leverage. The hedger streams price feeds to dSynths, which originates directly from the broker. Be advised that said price feeds contain fake values for this testnet. Trade on the testnet here. Follow this guide if you require assistance. — The future of DEUS v3 - The testnet will help stress test DeFIX for a smooth launch of DEUS v3. After the testnet has concluded, ...




Derivatives transformed with DEUS DeFIX

Derivatives are the largest segment of the traditional finance (TradFi) markets, with a massive market size of over $1 Quadrillion. Derivatives act as financial security contracts between two or more parties that derive value from underlying assets. Current implementations of DeFi/on-chain derivatives have failed to capture even a small fraction of the TradFi derivatives market. This is due to a lack of innovation when addressing bottleneck issues that come with transitioning centralized derivatives onto blockchains. In this market environment, many problems related to scaling on-chain derivatives are left unsolved. This creates an opportunity for DEUS to disrupt the derivatives market with groundbreaking innovations. DeFIX (decentralized financial information exchange protocol) is a peer-to-peer OTC derivatives clearinghouse built on top of smart contract blockchains and Muon. For the first time in DeFi, it will enable traders to trade on-chain derivatives with all of the underlying asset classes listed below. — The unique architecture of DEUS’s derivatives - When comparing the derivatives that DEUS enables to its TradFi and DeFi counterparts, DEUS’s edge lies within its unique collateral structure and bilateral clearing model. The derivatives are structured to maximize capital efficiency, improve liquidity, and enable isolated counterparty risk management. One of DEUS’s advantages is through leveraging credit v...




Market-making reimagined with DEUS DeFIX

Within traditional finance (TradFi) and DeFi, market makers (MMs)/liquidity providers (LPs) have an essential role in providing a functional and liquid market to all market participants. Order book based MMs provide liquidity and depth to the markets while profiting from the bid-ask spread while AMM LPs deposit tokens into a pool and earn profits from trading fees accrued in the pool. DeFIX (decentralized financial information exchange protocol) is an OTC derivatives clearinghouse that enables MMs, traders, and third-party exchanges to interact with each other in a trustless and permissionless manner. DeFIX will enable MMs to fill on-chain requests for quotations (RFQs). MMs that leverage DeFIX will be partaking in providing liquidity to the most cost-efficient and user-friendly clearinghouse when compared to all of DeFIX’s TradFi and DeFi counterparts. To learn more about the DEUS DeFIX, read the DEUS whitepaper. — Market makers and their role in the industry - MMs are essential to ensuring that functional derivatives, crypto, equities, or other markets are provided to traders and investors. MMs provide liquidity to the markets via a variety of different clearinghouses that have different market-making strategies, including:Order books MMs sell the bid-ask spread in the form of limit orders. The bid-ask spread is what dictates the price of an asset on an order book. Market making on order books is often dominated by...




DEUS is set for a massive market opportunity

DeFIX (decentralized financial information exchange protocol) is an advanced clearinghouse of peer-to-peer derivatives that is built on top of smart contract blockchains and Muon to enable market makers, traders, and third-party exchanges to interact with each other in a permissionless manner. In this article, we will outline how DEUS ecosystem participants are positioned to take advantage of the massive TradFi markets in addition to the fast-growing DeFi markets. Via DeFIX, revenue opportunities will be presented to market makers and veDEUS NFT holders. Read more about veDEUS and DeFIX. — DEUS’s massive total addressable market - The derivatives market is the largest segment of the financial market, with over $1 quadrillion in total notional derivatives outstanding. DEUS is positioned to take advantage of many subsegments within the derivatives markets, however, its strongest positioning is within the OTC derivatives segment of the market, which accounts for roughly 84% of the derivatives market. — The rapid growth in TradFi order flow revenue and how DEUS is positioned to leverage & democratize the opportunity - The DeFIX clearinghouse will provide a permissionless and free market to all participants. Within traditional finance (TradFi), payment for order flow (PFOF) has become an increasingly valuable income stream for brokers such as Robinhood. In short, PFOF is the payment that a market maker will make ...




DIP-8: vDEUS redemptions & $DEUS rewards emission structure

Please note that the contents of this article are subject to change based on future votes and protocol decisions. On June 19th, a community proposal was put forward as a solution to tackling the upcoming emission structure for vDEUS payouts. vDEUS is an NFT awarded to users who redeem their $DEI, with a delayed $DEUS payout down the road. This proposal was debated back and forth with members of the community offering their feedback and insights, which were all considered and weighed, helping formulate a final plan that considers the protocol’s health while still honoring the $DEUS debt owed to $DEI redeemers. Overall, the proposal was received positively, with the majority of the community in support. We will now outline the actions that will be taken, the exact conditions and changes, and what it means for $DEI redemptions. — The plan going forward - Pegging $DEI back to $1 remains our main priority, so all factors discussed in the proposal have been weighed with this in mind. In the next ~3 months we will be redeploying with a 95% USDC backing and showcasing the DEUS v3 testnet. — vDEUS staking - Users that have already redeemed or holders that plan to redeem their $DEI via the redemption page within the DEI app will be able to stake their NFT DEUS vouchers (vDEUS) in one of three different staking contracts: A 3-month lock with a 10% APR, a 6-month lock with a 20% APR, and a 12-month lock with a 40% APR. Th...




Bonded $DEI — Earn rewards while contributing to the health of the protocol

$bDEI assists the protocol in regaining optimal collateral ratios while offering users a yield-farming opportunity.. — — What is bonded $DEI? - Bonded $DEI ($bDEI) is the latest initiative added to $DEI’s stability mechanism. $bDEI is a liquid ERC-20 token. At the bond maturation, the user receives their $DEI back as well as potential additional one-time interest. $bDEI can also be swapped for $DEI at any time. When $bDEI is minted, $DEI is removed from the circulating supply. — Bonding vs redemptions - DEI redemptions can be considered a higher risk/reward strategy as users are swapping their $DEI for $DEUS, a more volatile asset. Bonding $DEI is a lower-risk strategy, as you receive your initial $DEI back at maturation, but are able to earn $DEUS rewards at the same time. — $bDEI rewards - There are currently 2 options for farming your $bDEI: $bDEI/$DEI-LP — go here, provide $DEI, $bDEI, or a combination of both, and earn $DEUS rewards against your initial capital. For a guide on how to provide liquidity and farm, go here., Single-stake your $bDEI for $DEUS rewards here., — How the bonded $DEI contracts work - In the diagram below, you can see an example of a user depositing $DEI into the $DEI bonder. The user is issued $bDEI and a Time reduction NFT, which creates a reduction on the 12-month maturity period. Early bonders will have the opportunity to redeem their $bDEI for $DEI be...




DEI action plan

DEI redemptions have begun in tranches. The first tranche of redemptions will be for a USD value of $0.6/DEI in total. $0.3 will be in USDC, and $0.3 will be in vDEUS vouchers., The first tranche will last for 24 hours., The maximum reserves allocated for this tranche will be $2M USDC and $2M worth of vDEUS vouchers., The USDC ratio of the redemption will decrease each tranche., Unredeemed reserves in each tranche will roll over to the next one at the new ratios., The vDEUS voucher is an NFT that can be redeemed for DEUS tokens in the future., — Why are redemptions being opened at these levels?. — As you may have seen, the DEUS protocol has borrowed $10.5M in stablecoins (DAI/USDC) from Scream in order to help defend the peg of DEI.The protocol had to either: Pay back the borrowed stables using reserves., Collateralize the Scream position with additional DEI., All the DEI owned by the protocol has been sent to a wallet (~27M DEI). The wallet is a multi-sig wallet controlled by Scream, DEUS, and Yearn. Some additional stablecoins (USDC) may be sent from reserves in order to further collateralize the position. As always, the Deus team and Lafa will be around to help answer questions. We hope that we can stay strong during these difficult times. You can find a link to DEI’s redemption page here. If you have any further questions, please don’t hesitate to ask the team via our Discord server here or via t...




DEUS DeFiX — An innovative white-label solution for exchanges

DEUS DeFiX — An innovative white-label solution for exchanges - An advanced derivatives clearinghouse built atop smart contract blockchains and Muon, DeFiX (decentralized financial information exchange protocol) enables peer-to-peer derivative swaps to be cleared bilaterally between traders and market makers. DeFiX is infrastructure for protocols, businesses, and exchanges to build on top of via the DeFiX SDK (coming soon). To learn more about DeFiX view our whitepaper here. Given the large range of white-label derivative exchange solutions available on the market, protocols, businesses, and exchanges will always opt to build on an infrastructure that allows them to pitch a desired platform to traders and investors.Centralized solutions such as FTX white-label sacrifice decentralization for trading features, while decentralized protocols such as Synthetix sacrifice trading features for decentralization. DeFiX’s edge lies in the fact that DeFiX doesn’t sacrifice decentralization while also providing advanced trading features that are more innovative than what centralized exchanges offer. — Why DeFiX will be adopted by exchanges - Third-party exchanges will choose to integrate with platforms that enable them to pitch a desirable trading platform to their customers. Features that traders desire include low spreads, deep liquidity, high leverage, fast order execution, and a large tradable universe of underlying ass...




  DEUS NEWS


Deus Finance Exploited Twice in Two Months, Over $13 Million Stolen

    Blockchain security company PeckShield reported that Deus Finance was exploited for about $13.4 million earlier today. This comes just a few months after the protocol fell victim to a similar hack. PeckShield took it to Twitter to provide more details on the latest DeFi attack. In it, the hacker went via a familiar route by using a flashloan-assisted manipulation of price oracle that “reads from the StableV1 AMM – USDC/DEI pair.” The attacker managed to manipulate the price of collateral DEI and used it to borrow and drain the pool. Overall, the unknown hacker managed to steal about $13.4 million worth of digital assets. However, PeckShield warned that the losses for the protocol could be significantly higher. The attacker borrowed around 800 ETH to launch the hack, all withdrawn from Tornado Cash and tunneled to Fantom via Multichain. The hacker’s address currently shows that they have swapped the stolen funds for ETH and have sent them back to Tornado Cash. 2/ The hack is made possible due to the flashloan-assisted manipulation of price oracle that reads from the StableV1 AMM - USDC/DEI pair. The manipulated price of collateral DEI is then used to borrow and drain the pool. Sounds familiar?https://t.co/3uk44CXo78 pic.twitter.com/ng2BYPPOiY — PeckShield Inc. (@peckshield) April 28, 2022 CryptoPotato reported in mid-March when Deus Finance was exploited for the first time. The attacker in that incident used an identical approach, but the sto... read More



Hacker Siphons $3 Million Worth of DAI and ETH From Defi Protocol Deus F...

    Another decentralized finance (defi) protocol was breached this week after it was discovered that a hacker exploited the bilateral over-the-counter (OTC) derivatives platform Deus Finance. According to a post mortem Twitter thread published by the security firm Peckshield, Deus lost around $3 million worth of ethereum and the stablecoin DAI.Attacker Steals $3 Million From Defi Protocol Deus Finance via Price Oracle Exploit The crypto community has been conversing about another defi hack after a few reports noted the defi application Deus Finance was siphoned for $3 million in crypto assets. The defi analytics and security firm Peckshield explained how the incident happened on Twitter. 'Deus Finance was exploited - leading to the gain of ~$3M for the hacker (The protocol loss may be larger), including 200,000 DAI and 1101.8 ETH,' Peckshield said. The defi analytics company further added: The hack is made possible due to the flashloan-assisted manipulation of price oracle that reads the price from the pair of StableV1 AMM – USDC/DEI, so that even normal users, unfortunately, become insolvent. Native Token DEUS Slides More Than 6%, Deus Finance Closes Contract, Protocol's TVL Slides 20% Since Friday The attack against Deus Finance follows a series of defi breaches in 2022, as defi exploits continue to ravage the community's trust. During the first week of February, it was discovered that the cross-chain bridge Wormhole suffered a $320 million hack. However, Wormhole's pa... read More



$3 Million in DAI and ETH Stolen From Deus Finance in the Latest DeFi Ha...

    Deus Finance was exploited, according to data from PeckShield, with the attacker swiping around $3 million in DAI and Ethereum (ETH). The blockchain security company explained that the hack was due to a flash-loan manipulation of a price oracle. PeckShield took it to Twitter on March 15 to outline the latest hack in the decentralized finance industry. This time, it was against Deus Finance – a multi-token DeFi marketplace allowing customers to build synthetic stocks, trading platforms, and other instruments. The security resource attributed the attack to a “flash-loan-assisted manipulation of price oracle that reads the price from the pair of StableV1 AMM – USDC/DEI, so that even normal users, unfortunately, become insolvent!” The firm said the hacker stole 200,000 DAO and 1101.8 ETH – or around $3 million worth of digital assets. However, it warned that the losses for Deus Finance could be even worse. PeckShield also informed that the perpetrator funneled the funds to the cryptocurrency mixer TornadoCash through Multichain (previously Anyswap). 4) The initial funds to launch the hack are withdrawn from @TornadoCash and tunneled to Fantom via @MultichainOrg. The result gains are tunneled via @MultichainOrg and funds are now washed via @TornadoCash. pic.twitter.com/UlJgiJMsa6 — PeckShield Inc. (@peckshield) March 15, 2022 Shortly after, the team behind Deus Finance confirmed the reports about the exploit on Twitter. They explained that ... read More



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