Liquidity providers deposit funds into Deri Protocol and receive trading fees from traders (supply-side fees).

Deri Protocol is a non-custodial exchange for perpetual contracts built on BNB Chain and Arbitrum. Deri Protocol was founded by an anonymous team and launched in 2021.

DERI token holders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

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Derivative exchanges

Deri Protocol

# Deri Protocol Token incentives Methodology

## 1. Overview

Token incentives for Deri Protocol measures the daily USD value of DERI tokens claimed by users as rewards from the protocol's incentive system. This metric tracks the monetary value of token-based incentives distributed to users across Deri Protocol's perpetual trading platform on Arbitrum and BSC chains. The calculation aggregates individual claim events and converts them to USD values to provide insight into the protocol's token distribution and user reward mechanisms.

## 2. Data sources

The calculation relies on several key data sources:
- **Blockchain events**: Parsed `Claim` events from Deri Protocol's `RewardVault` smart contracts deployed on Arbitrum and BSC chains
- **Token price data**: End-of-day price feeds for DERI tokens sourced from BSC chain
- **Token metadata**: DERI token contract information including decimal precision and standardized addressing
- **Chain availability data**: Token Terminal's chain availability filters to ensure data quality

## 3. Step-by-step calculation

### Component A: Raw claim event extraction
- **Purpose**: Extracts individual DERI token claim events from RewardVault contracts across supported chains
- **Logic**: The system identifies `Claim` events emitted by Deri Protocol's RewardVault smart contracts on both Arbitrum and BSC chains. For each claim event, it captures the claiming user's address, the amount of DERI tokens claimed, transaction details (hash and log index), and the block timestamp. All records are standardized to reference the BSC DERI token address `0xe60eaf5a997dfae83739e035b005a33afdcc6df5` for consistent pricing, while preserving the original chain information as `real_chain`. The system applies business classification mapping each claim to "Perpetual trading" business line, "derivatives" market sector, and "perpetual" business segment.
- **Key fields**: `address` (claiming account), `amount` (DERI tokens claimed), `block_timestamp` (when the claim occurred), `transaction_hash` and `log_index` (event identification)

### Component B: Daily aggregation and USD conversion
- **Purpose**: Groups claim events by day and converts DERI token amounts to USD values
- **Logic**: The system truncates block timestamps to day boundaries to aggregate all claims occurring within each calendar day. It sums the total `amount` of DERI tokens claimed per day across all chains. The aggregated daily amounts are then converted to USD using end-of-day DERI token price feeds sourced from BSC chain. During conversion, the system applies decimal correction to ensure proper token amount representation based on DERI token's decimal precision.
- **Key fields**: `timestamp` (truncated to day), `token_incentives` (daily sum of claimed DERI tokens), USD conversion applied to final amounts

### Final aggregation
- **Combining components**: Daily token claim amounts from both Arbitrum and BSC are summed together after USD conversion, creating a unified daily total across all supported chains
- **Currency conversion**: All DERI token amounts are converted to USD using end-of-day price feeds specifically from the BSC version of the DERI token, ensuring consistent pricing regardless of the originating chain
- **Time aggregation**: Claims are aggregated using daily boundaries determined by truncating block timestamps to the day level, with all claims within a 24-hour period summed together
- **Final calculation**: The metric represents the total USD value of DERI tokens claimed by users each day, calculated as the sum of all individual claim amounts converted to USD using BSC-based DERI token prices, with proper decimal correction applied and missing days filled with zero values

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

Deri ProtocolDERI

Token incentives

Token incentives

Competitive landscape

Chain breakdown