DAssets Overview

DAssets is DI Network's comprehensive synthetic asset trading system, enabling users to trade synthetic versions of real-world assets including stocks, commodities, forex, and cryptocurrencies using DUSD as collateral.

Overview

The DAssets protocol combines spot trading and perpetual trading into a unified system, providing access to global markets 24/7 with oracle-based pricing and advanced risk management:

Core Components

📊 DSwap - Spot Trading

Advanced oracle-based spot trading with mathematical solvency guarantees:

• Hard Invariants: Mathematical impossibility of protocol insolvency

• Dynamic Fees: Stress-based fees (0.3-5%) with insurance fund support

• Virtual Assets: No ERC20 tokens, gas-efficient position tracking

• Settlement Locks: 1-minute MEV protection with user-specific cooldowns

• Insurance Fund: Emergency DUSD reserves for danger zone support

DSwap - Spot Trading

⚡ DPerp - Perpetual Trading

CEX-style order book perpetual trading with trader-to-trader matching:

• Order Book Model: Central limit order book like Binance/Bybit

• Trader-to-Trader: Direct counterparty matching (no LP pools)

• Oracle Pricing: Mark price = oracle price for fair liquidations

• Cross-Margin: Shared margin across all positions

• Professional Orders: Limit, Market, Stop, Take-Profit, IOC, FOK

DPerp - Perpetual Trading

💧 DUSD Staking System

Protocol backstop and revenue sharing mechanism:

• Staking Vault: Lock DUSD for protocol security

• Revenue Sharing: Earn from trading fees and liquidations

• Risk Backstop: Absorb bad debt after insurance fund

• Governance Rights: Participate in protocol decisions

• Tiered Rewards: Lock periods with multipliers

https://github.com/DINetworks/DI-Docs/blob/main/dassets/liquidity/README.md

Supported Assets

Asset Categories

Category	Count	Examples	Oracle Source
Cryptocurrencies	15+	xBTC, xETH, xBNB, xADA, xSOL	Chainlink + Pyth
US Stocks	20+	xAAPL, xTSLA, xGOOG, xAMZN, xMSFT	Chainlink
Commodities	8+	xGold, xSilver, xOil, xGas, xWheat	Chainlink
Forex	10+	xEUR, xGBP, xJPY, xCHF, xAUD	Chainlink

Popular Assets

xBTC - Synthetic Bitcoin

Trade Bitcoin exposure without holding BTC

xAAPL - Synthetic Apple Stock

24/7 Apple stock trading with leverage

xGold - Synthetic Gold

Digital gold exposure with instant settlement

xEUR - Synthetic Euro

Forex trading with crypto-native settlement

Key Features

Advanced Risk Management

Multi-layer security architecture:

• Hard Invariants: Mathematical impossibility of protocol insolvency

• Dynamic Fees: Stress-based fee adjustment (0.3-2%)

• Settlement Locks: MEV and arbitrage protection

• Oracle Security: Dual oracle system with deviation limits

Virtual Asset System

Gas-efficient synthetic asset management:

• No ERC20 Tokens: Virtual position tracking only

• Clone Factory: 97.5% gas savings on new assets

• Instant Deployment: Add new assets without token deployment

• Upgradeable Logic: Update implementation without migration

Oracle-Anchored Trading

Trustworthy pricing across all markets:

• Mark Price = Oracle Price: Never order book or AMM pricing

• Zero Slippage: Trade at exact oracle prices

• Real-Time Updates: Pyth Network for high-frequency data

• Fallback Systems: Chainlink and manual price feeds

Trading Mechanics

Spot Trading Flow

Perpetual Trading Flow

Economic Model

Fee Structure

Operation	Fee	Recipient
Spot Minting	0.3%	DUSD Stakers
Spot Burning	0.3-2% (Dynamic)	DUSD Stakers
Spot Swapping	0.3%	DUSD Stakers
Perpetual Trading	Maker/Taker	DUSD Stakers
Funding Rates	Variable	Counterparty Traders
Liquidations	0.5% + bonus	Liquidators + Insurance

Revenue Distribution

DUSD Staker Economics

Stakers earn from multiple sources while providing protocol security:

1. Trading Fees: 0.3-2% on all spot trades

2. Perpetual Fees: Maker/taker fees from order book

3. Liquidation Penalties: Share in liquidation bonuses

4. Protocol Revenue: Asset listing and market maker fees

5. Risk Premium: Compensation for backstop role

Risk Management

Protocol-Level Controls

• Hard Invariants: Mathematical solvency guarantees

• Dynamic Backing: Real-time collateral monitoring

• Settlement Locks: MEV and arbitrage protection

• Oracle Security: Multi-source price validation

Position-Level Controls

• Cross-Margin: Shared margin across positions

• Oracle Liquidation: Mark price based liquidations

• Funding Caps: Maximum funding rate limits

• Market Hours: Equity-aware risk controls

Staker Protection

• Insurance Fund: First loss absorption

• Tiered Risk: Senior/junior staking tranches

• Loss Waterfall: Clear risk hierarchy

• Governance Rights: Parameter control

Integration Examples

Spot Trading

import { DINetwork } from '@dinetwork/sdk';

const di = new DINetwork({ chainId: 1, provider: window.ethereum });

// Check dynamic fees and limits
const burnFee = await di.dswap.getBurnFeeBps();
const canMint = await di.dswap.canMint(ethers.parseEther('1000'));

// Mint synthetic Bitcoin (virtual position)
await di.swapRouter.mintSynthetic(
  keccak256('xBTC'), 
  ethers.parseEther('1000'),
  ethers.parseEther('0.024') // min output
);

// Note: 1-minute settlement lock applies

Perpetual Trading

// Submit limit order to order book
await di.orderBook.submitOrder({
  market: keccak256('BTC'),
  side: 'BUY',
  size: ethers.parseEther('10000'),
  price: ethers.parseEther('50000'),
  orderType: 'LIMIT'
});

// Close position at market
await di.positionManager.closePosition(
  keccak256('BTC'),
  ethers.parseEther('50000') // acceptable price
);

DUSD Staking

// Stake DUSD for protocol rewards
await di.dusdStaking.stake(
  ethers.parseEther('10000'),
  365 * 24 * 60 * 60 // 1 year lock
);

// Claim rewards
await di.dusdStaking.claimRewards();

// Unstake after lock period
await di.dusdStaking.unstake(stakeId);

Monitoring & Analytics

Key Metrics

• Total Trading Volume: Daily/weekly trading across all assets

• Open Interest: Total perpetual positions by asset

• Liquidity Utilization: Percentage of liquidity pool in use

• Funding Rates: Current funding rates for each asset

• Asset Performance: Price performance of synthetic assets

Real-Time Data

• Live Prices: Real-time oracle prices for all assets

• Position Health: Monitor liquidation risks

• Pool Status: Liquidity pool utilization and rewards

• Market Activity: Recent trades and position changes

Roadmap

Current Features ✅

• Virtual asset system with clone factory

• Dynamic risk management

• Order book perpetual trading

• DUSD staking backstop

• Oracle-anchored pricing

In Development 🔄

• Market maker incentives

• Advanced order types (IOC, FOK)

• Isolated margin mode

• Mobile trading interface

Future Plans 🔜

• Cross-chain synthetic assets

• Institutional trading features

• Automated market making

• Regulatory compliance tools

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https://github.com/DINetworks/DI-Docs/blob/main/dassets/registry.md

The DAssets protocol provides comprehensive access to global markets through synthetic assets, combining the benefits of traditional finance with the innovation and accessibility of decentralized finance.