DIVA Protocol is the first truly universal and flexible smart contract based operating system for derivative applications. With DIVA Protocol, developers can build a wide range of derivative applications, including insurance, structured products, prediction markets, conditional donations, and swaps, all in a permissionless and trustless way, without requiring smart contract programming skills.

The traditional way of creating and managing derivative products relies on centralized intermediaries. This introduces counterparty risk, where the users' funds are at risk if the intermediary defaults or becomes insolvent. This also creates a barrier of entry as the creation and management of derivative products is typically reserved for banks and not easily accessible for normal individuals. Another issue is reduced liquidity as these products are issued in isolated systems which means assets are typically not tradeable outside of the issuer's infrastructure.

DIVA Protocol is a smart contract-based operating system that addresses these issues. DIVA Protocol eliminates reliance on intermediaries, improves security by fully collateralizing products and eliminates counterparty risk. Additionally, it expands access to the creation of derivative products to a wider range of users, and improves liquidity by opening up the infrastructure layer for derivatives.

With DIVA Protocol, users can build a wide range of derivative applications, including insurance, structured products, prediction markets, conditional donations, and swaps, all in a permissionless and trustless way. One of the unique features is the possibility to impose transfer restrictions on derivative assets, which makes it particularly well-suited for traditional financial institutions that must comply with KYC and AML regulations.

Head over to the DIVA dApps page to explore all the applications that have been already built on top of DIVA Protocol.

If you want to develop an application yourself, head over to our docs.

$DIVA is the native token that is used to govern the DIVA Protocol. The token model was designed to enable efficient and effective governance and offer flexibility to adapt to the various stages of the protocol lifecycle and constantly changing market conditions. There will be a maximum of 100m tokens in circulation. 40% will be released over 2 years and the remaining 60% over 30 years.