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Delta NewsJuly 24, 2020

Delta Exchange Launches Interest Rate Swaps on DAI

Neeraj Thakur
July 24, 2020
What's in this post?

    Delta Exchange is stoked to announce the launch of yet another industry-first product; introducing Interest Rate Swaps on Maker DAO’s DAI. The DAI savings rate contracts come with up to 230x leverage on the notional value and is now open for trading here.

    DAI is a decentralized stablecoin created by Maker that currently represents close to a quarter of the $3 billion USD locked in DeFi. However, unlike fiat-backed stablecoins, Dai is backed by a surplus of collateral locked in the Maker Vaults. Holders of the Dai stablecoin earn interest via the Dai Savings Rate (DSR) by locking it in a special smart contract.

    “Interest rates in DeFi vary based on platform and market conditions, which makes it difficult for borrowers to manage cash outflow and lenders to predict how much interest deposited funds can earn,” said Pankaj Balani, CEO of Delta Exchange. “With the launch of Interest Rate Swaps for the single biggest asset in DeFi, we aim to empower borrowers with better instruments to manage variable risks and liabilities.”

    Delta Exchange’s Interest Rate Swap contracts provide a way for businesses and hedge funds to swap variable interest costs with one that is predictable and fixed. Now, with support for Dai Interest Rate Swaps on Delta Exchange, borrowers and lenders can hedge against the variability of the Dai stability fee.

    Beginning today, quarterly expiries for DAI interest rate swaps (IRS) will be available on Delta Exchange. The DAI savings rate contracts come with up to 230x leverage on the notional value and can be traded here.

    Stay tuned on our Telegram group for future updates and announcements.


    Risk warning: Trading Futures can be a highly risky endeavor. Although trading can yield significant profits, in the cases of extreme price movement and volatility, Delta Exchange reserves the right to liquidate margin balances.

    Happy Trading!

    Delta Exchange Team

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