|All Time High:|
|Market Cap: |
|The last known price of #DEUS is $56.10 USD.|
Please note that the price of #DEUS was last updated over 130 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #DEUS statistics should be considered as 'last known value'.
The lowest DEUS price for this period was $0, the highest was $56.10, and the exact last price of DEUS was $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 ETH or other crypto coins.
|The code for DEUS Finance crypto currency is #DEUS. |
DEUS Finance is 2 years old.
|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).
|The trading volume is unknown today for #DEUS.|
|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 exchange data is not currently available.|
|Note that there are multiple coins that share the code #DEUS, and you can view them on our DEUS disambiguation page.|
DEUS launches v3 Closed Alpha
DEUS, in partnership with dSynths, has just launched its closed alpha. Let’s take a closer look at what is happening under the hood and what DEUS v3 really is.. — — DEUS: A scalable and sustainable derivatives trading architecture, and why it's needed - In light of the FTX collapse and other recent events, more and more attention is being drawn to on-chain alternatives. While centralized platforms still capture the lion’s share of the market, data shows that an increasing number of users are willing to pay a premium to trade on decentralized, non-custodial platforms. With regards to derivatives trading, there are a few decentralized offerings in the market, however, the overwhelming majority of them operate under the standard LP-centric model. These systems are highly inefficient and require substantial over-collateralization. DEUS v3 has adopted a different approach: P2P Bilateral Agreements. DEUS v3 utilizes an RFQ system and engages a buyer and a seller into a Bilateral Agreement, isolating every trade in a single agreement between two parties, and enabling instant settlement. Users and hedgers are connected via a front end, with the hedger facilitating the user’s trades at the broker. — Lafa on Twitter: "What is a "bilateral agreement," and why is the DEUS community so excited about it? 👀A 🧶 / Twitter" - What is a "bilateral agreement," and why is the DEUS ...
Thena: enabling deep liquidity for DEUS’s future BNB expansions
DEUS’s multichain vision is supported by a next-gen AMM, incentivizing deep liquidity and supporting protocols in the BNB ecosystem. With Thena’s emission structure having just kicked off, let’s take a closer look at what it means for DEUS and for DeFi on BNB.. — Institutional-grade derivatives trading accessible by anyone is the vision of DEUS Finance. To see this come to fruition, we envision a fully multichain future, with users able to trade on the DEUS engine via 3rd-party protocols deployed on any chain. To qualify for lower trading fees on v3 apps, users need to exchange with $DEI or hold xDEUS — the liquid staking token of DEUS Finance. In order to offer this solution to users across an array of chains, deep liquidity is required wherever a v3 front-end is deployed. Chain-agnostic architecture is one part of the puzzle and goes hand-in-hand with deep liquidity. Thena provides just that. — Thena: Native liquidity layer for BNB chain - Thena is a next-generation AMM built on the BNB network with the aim of becoming the native liquidity layer for the BNB ecosystem. BNB has a unique value proposition, in that it has grown and developed with an emphasis on scalability. Thena’s vision is that by deploying on BNB they will be able to reach a large audience of early adopters and play a major role in the continued growth of BNB. Thena assists protocols expanding to BNB by providing them with an inno...
DEUS Finance taking over cLQDR stewardship
With the cLQDR stewardship vote having concluded, let’s look at the plans for the cLQDR platform, the connection between DEUS and LQDR, and what it all means for the DEUS and cLQDR communities.. — DEUS Finance and Liquid Driver share a long-standing relationship that spans back to the early days of DEUS. It is this very relationship that provided a solid footing when DEUS first made the move to Fantom. As one of the most well-established and trusted protocols in the Fantom ecosystem, LQDR gave DEUS visibility, introduced us to their partner networks and protocols, and hosted several yield-farming pools which brought a lot of TVL and exposure. Because of this strong bond, LQDR approached DEUS to submit a proposal to formally take over the cLQDR platform. — What is cLQDR? - xLQDR is the vested version of Liquid Driver’s native token, $LQDR. xLQDR holders receive rewards from the revenue-sharing vault. cLQDR is a wrapped version of xLQDR, developed by Growth DeFi and Liquid Driver. cLQDR has many benefits: Compound rewards that currently accrue to xLQDR holders, These are in the form of LQDR, wFTM, linSPIRIT, BOO, SPELL, and BEETS, Profit from rewards and bribes received by xLQDR as well as performance fees, Leverage cLQDR by using it as collateral for borrowing, Gain exposure to xLQDR benefits while remaining liquid, with access to secondary markets, cLQDR already has many benefits and there are a multitude o...
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...
Market-making reimagined with the DEUS Decentralized FIX
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. The DEUS Decentralized FIX (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. It enables MMs to fill on-chain requests for quotations (RFQs) and leveraging our system will be partaking in providing liquidity to the most cost-efficient and user-friendly clearinghouse when compared to TradFi and DeFi counterparts. To learn more about the DEUS Decentralized FIX, 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 lar...
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 ...
More DEUS Finance (#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...
|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...
|$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 ...