Too Long; Didn't Read
On-Chain Derivatives Market Continues to Propel DeFi segment. Amount of user funds locked in DeFi almost doubled since January. DeFi market offers investors a broad variety of innovative financial products and instruments to choose from, including Wrapped Bitcoin, non-collateral loans, staking, and much more. On the traditional market, the share of derivatives was valued at over $640 trillion in notional contract value in late 2019. In November of 2020, Zubin Koticha offered the Convexity Protocol for making options operational on ETH in the form of NFTs of the ERC-20 standard.