World's first licensed DAO-governed derivatives exchange. The @BermudaMonetary has issued DerivaDEX a Digital Asset Business License. Backed by @polychain @dragonfly_xyz @ElectricCapital @cmsholdings Full article from @TheBlock__ below 👇

This is important because DerivaDEX validators can only run code that has been approved via governance.

DAO-governed DerivaDEX 'first' decentralized derivative protocol to receive Bermuda Monetary Authority license

@VinceQuill @DDX_Official @Cointelegraph Link:

This is process transparency at the fundamental level. Listings, execution logic changes, and all other modifications that affect traders happen in the open.

DerivaDEX is the first DAO-governed exchange to receive a license from the Bermuda Monetary Authority. Why does that matter?

This is process transparency at the fundamental level. Listings, execution logic changes, and all other modifications that affect traders happen in the open.

This is important because DerivaDEX validators can only run code that has been approved via governance.

DAO-governed means all upgrades occur via public proposal, and must be approved by tokenholders.

DerivaDEX is the first DAO-governed exchange to receive a license from the Bermuda Monetary Authority. Why does that matter?

World's first licensed DAO-governed derivatives exchange. The @BermudaMonetary has issued DerivaDEX a Digital Asset Business License. Backed by @polychain @dragonfly_xyz @ElectricCapital @cmsholdings Full article from @TheBlock__ below 👇

Transparency is DeFi's edge over traditional finance, but it comes with a cost.

DerivaDEX mitigates MEV extraction through private, encrypted orders. No privileged access to order flow from validators, market makers, or builders.

DerivaDEX mitigates MEV extraction through private, encrypted orders. No privileged access to order flow from validators, market makers, or builders.

Transparency is DeFi's edge over traditional finance, but it comes with a cost.

BERMUDA LICENSES DERIVADEX DerivaDEX just became the first decentralized derivatives exchange to receive an official license. The Bermuda Monetary Authority approved a DAO-governed, non-custodial venue using TEE architecture, sub-5ms acknowledgments and fast settlement. Why it

5/ A license unlocks DeFi. It doesn't restrict it. Building safer, more transparent market places from day one is how you actually scale adoption and serve users better. That's the whole point.

1/ This is a landmark moment for DeFi. @DDX_Official spent years working with the @BermudaMonetary & advisors to prove that performant decentralized governance and derivs can operate with regulatory approval. Today that becomes real.

https://t.co/1RBEweWa5U

🌎 DerivaDEX has received first license to a DAO-governed derivatives exchange.