Derify Quarterly Report (Q2)

Derivation Lab
3 min readJul 10, 2022


Derify has made a tons of progress during 2022 Q2 right before the Mainnet launch, including code audit, creation and operation of Derify DAO, new UI 2.0, new partnerships, etc. Our vision, a fully transparent and decentralized protocol has never changed.

  • UI 2.0 is almost done (PC & Mobile) and will be ready after Mainnet launch
  • Launched Derify DAO V0.1 and updated to V0.1.2
  • Cooperated with GameFi protocol BichonFighter
  • Onboard tens of new brokers and held tens of AMA in their communities
  • Audit report from Certik is published
  • A series of IDO events and listed DRF on ApeSwap


We worked with Certik to ensure our code is safe and reduce the hacking risks.

The audit report is here

Since our Beta version works launched for a while, we set up the detailed testing rules for new testers to follow. Tester is a role under Execution Committee of Derify DAO.

DRF Mainnet staking is still available

We post the staking data on a weekly basis


Derify invited tens of new brokers onboard and hold weekly AMA events with brokers’ communities. We invited their community users to become Testnet testers and future Mainnet users.

Brokers/Crypto KOL made videos for us and teach beginners to use and understand our product.

Media exposure in CryptoSlate

Media exposure in CryptoSlate improved Derify branding and let more people get to know us well.

Collaborated with other protocols and enhance composability

Derify Lab attended live interview with TalkChain Crypto

A series of IDO events: partnership with ACY, Erax, DAOStarter, bounce, etc. DRF is available to trade on ApeSwap


You can track DRF on Coingecko

You can track DRF on Coinmarketcap

We updated thoroughly. You can review our transparency here

To better learn our tokenomics, click below


Derify has launched DAO V0.1 and updated new rules in V0.1.1 and V0.1.2 (the latest version). We encouraged all Derifiers to join our DAO based on skillsets and interests. Many roles have been introduced, including community manager, content creators, testers, brokers, and broker BD.

Many community members joined us and become community managers and content creators. They helped Derify Lab better manage and operate official channels (Telegram and Discord) and translated our documents into different languages. Derify leverage the strength of DAO and maximize the spread of influence across boarders.

If you have interests to become community managers or other roles in Derify DAO, please contact us

Important Links & Docs:

Audit Report:








Our Beta testing is still live, please join our Beta to help us make our protocol better.

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