YFI’s Andre Cronje Unveils Multi-Purpose DeFi Protocol Deriswap

Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap. The YFI creator is set to change the current segmented liquidity, which only allows users to choose one of Swaps (Uniswap, Sushiswap, Bancor, etc.), Options (Deribit, Hegic, Opyn, etc.), and Loans (Aave, Compound, DyDx, etc.).

He described Deriswap as a protocol that combines multiple DeFi services, including Swaps, Options, and Loans, into a capital-efficient single contract. As with many DeFi protocols, it is expected that Deriswap will have a token, and maybe with a limited supply.

Timeline of Bancor, Compound, Hegic, Yearn-finance