DIVA Protocol
DIVA Protocol is a decentralized smart contract infrastructure for permissionless creation, trading, and settlement of peer-to-peer derivative products, operated by Swiss-based DIVA Technologies AG. It serves Web3 developers, retail DeFi users, NGOs, emerging-market farmers, and traditional financial institutions across Ethereum, Polygon, Arbitrum, and Gnosis.
- Company typePrivate
- Founded2022
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What DIVA Protocol does
DIVA Protocol is a decentralized, smart contract-based operating system that enables permissionless creation and settlement of peer-to-peer derivative products. It is developed and initially operated by DIVA Technologies AG, a Swiss company founded in 2022 and headquartered in Zug, Switzerland. The protocol is deployed at a unified contract address (0x2C9c47E7d254e493f02acfB410864b9a86c28e1D) across Ethereum, Polygon, Arbitrum One, and Gnosis Chain, and combines with 0x Protocol for trading and Tellor Protocol for decentralized outcome reporting. Its user-facing applications include DIVA App (a one-stop web interface for creating, trading, and settling derivatives), DIVA Donate (a conditional donation platform for climate-resilience aid campaigns), and DIVA ViZ (a visualization tool for sharing derivative offerings on social media).
The protocol's key technical differentiators are high configurability (any event as underlying, any payoff profile, any oracle, any ERC20 collateral), full collateralization to eliminate counterparty risk, representation of derivatives as ERC20 tokens for CEX/DEX interoperability, an optional KYC-NFT-based compliance layer, and a multi-chain deployment model. Governance is conducted via the DIVA token (100M max supply), using a decentralized delegation mechanism in which DIVA Technologies AG initially acts as the protocol delegate. DIVA Protocol serves multiple customer segments: Web2/Web3 developers building derivative applications, retail DeFi users trading prediction markets and structured products, charities and NGOs running conditional donation campaigns, emerging-market farmers accessing parametric insurance (e.g., pastoralists in Kenya), and traditional financial institutions requiring KYC/AML-compliant derivative infrastructure.
DIVA Protocol's revenue model combines a 0.25% protocol fee charged at derivative redemption (configurable within 0-2.5% by the protocol delegate), revenue at DIVA Technologies AG from Web3 consulting services to traditional businesses and DAOs, and a long-tail token unlock schedule from the 58M-token DIVA Development Fund (unlocked at ~1.93M tokens per year over 30 years). Go-to-market is community-led and product-led: incentivized learn-to-earn testnets, weekly Discord quizzes, hackathon participation (e.g., Solana Hacker House Bengaluru, Web3 Conf India Goa), and a launch partner program that secured audit cost sponsorships from institutional backers. Pre-seed investors include Darley Technologies AG and DWF Labs, with the project maintaining a 33,000+ member Discord community and 26,100+ unique testnet addresses as evidence of grassroots traction.
DIVA Protocol firmographics
Firmographics- Name
- DIVA Protocol
- Legal name
- DIVA Technologies AG
- Website
- https://divaprotocol.io
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DIVA Protocol is a decentralized smart contract infrastructure for permissionless creation, trading, and settlement of peer-to-peer derivative products, operated by Swiss-based DIVA Technologies AG. It serves Web3 developers, retail DeFi users, NGOs, emerging-market farmers, and traditional financial institutions across Ethereum, Polygon, Arbitrum, and Gnosis.
- Ownership category
- akta.pro rank
DIVA Protocol industry classification
Industry- Product category
- Decentralized Derivatives Protocol
- NAICS
- Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Commodity Contracts Brokers & Dealers (6221), Finance Services (6199)
- akta.pro primary industry
- Blockchain Settlement & Clearing Infrastructure (On-/Off-chain Post-Trade) (FSAGAMAC)
- akta.pro secondary industry
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
Keywords
Where DIVA Protocol is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices2 records
Markets served
DIVA Protocol business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Protocol Fee: A protocol fee of 0.25% is charged at redemption of derivative positions. The fee can be updated by the protocol owner (delegate) within a hard-coded range of 0-2.5%. Revenue flows to the protocol delegate (initially DIVA Technologies AG) to fund adoption initiatives.
- DIVA Technologies AG Consulting Services: DIVA Technologies AG, the Swiss-based service provider for DIVA Protocol, generates revenue through consulting services provided to traditional businesses and DAOs in Web3 development, as well as protocol adoption services funded by protocol fees and token unlocks.
- DIVA Token Issuance for Ecosystem Growth: 58 million DIVA tokens are deposited in the DIVA Development Fund and programmatically unlocked at ~1.93 million tokens per year over 30 years to support ongoing ecosystem development. Additional token reserves (8 million) are held for fundraising and strategic use.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | No platform fee for using DIVA Protocol — only a 0.25% protocol fee at redemption |
| Other | Multi-year contract | $DIVA governance token — no purchase required; earned through participation |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels9 records
DIVA Protocol product offering
Product offeringCore offering
DIVA Protocol is a decentralized blockchain protocol that enables the creation and settlement of derivative products through smart contracts, deployed across multiple EVM-compatible networks. The protocol is complemented by consumer-facing applications (DIVA App, DIVA Donate), an analytics/visualization tool (DIVA ViZ), and a native DIVA Token used to capture protocol value and align community incentives.
Product overview
DIVA Protocol is a blockchain-based operating system for derivative products that consists of multiple interconnected components. The core is the DIVA Protocol smart contract infrastructure, which enables peer-to-peer creation and settlement of customizable derivative products. Built on top of this are user-facing applications: DIVA App serves as the primary interface for creating, trading, and settling derivatives; DIVA Donate extends the protocol for conditional donation campaigns targeting climate resilience; and DIVA ViZ provides visualization tools for social sharing. The DIVA Token provides governance rights over the protocol. The protocol integrates with 0x Protocol for trading and Tellor Protocol for oracle/outcome reporting.
Differentiator
Problem solved
Functional benefit
Brands
- DIVA App: A one-stop solution to create, trade and settle derivative products, combining DIVA Protocol, 0x Protocol, and Tellor Protocol for a fully decentralized experience.
- DIVA Donate
- DIVA Viz
Products and services
- DIVA Protocol
Quantifiable outcome
- Over 170,000 contingent pools (derivative products) created during the testnet phase, demonstrating high developer and user engagement.
- +3 more outcomes
Companies that use DIVA Protocol
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles2 records
DIVA Protocol technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature8 records
DIVA Protocol partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and major.
- Mercy Corps VenturescoreImpact investing arm of Mercy Corps that invests in blockchain-enabled solutions for underserved communities. Selected DIVA Donate as a winner out of 200 applicants for their Crypto For Good Fund II. Partnership focuses on providing anticipatory cash transfers to pastoralist communities in Kenya (Kajiado and Laikipia counties) ahead of climate shocks. MCV has raised over $396.7 million in follow-on funding for portfolio companies.
- IPOR ProtocolcoreStrategic collaboration to integrate IPOR's on-chain interest rate index into DIVA Protocol to enable novel interest rate derivative products including options-like products and DeFi/CeFi interest rate differential products. The integration leverages DIVA Protocol's composability to incorporate any oracle solution. Planned to go live after IPOR Protocol's v2 release in Q3 2023.
- 888WhalesminorNFT project that partnered with DIVA Protocol to offer 5,000 DIVA token airdrop per whale NFT to first-time buyers (snapshot 31 January 2022). 888Whales NFT holders received a 3.0x multiplier on testnet token rewards (vs. 1.5x for non-holders). Helped bootstrap DIVA Protocol's early community and provided Sybil resistance for testnet.
- Tellor ProtocolcoreTellor Protocol is the first decentralized oracle integration for DIVA Protocol, enabling trustless outcome reporting for derivative products. Deployed as oracle adapter at address 0x7950DB13cc37774614B0AA406e42a4C4f0BF26a6 on Ethereum and Polygon. Tellor reporters provide data on underlyings (e.g., NDVI for DIVA Donate campaigns, ETH gas prices) enabling automatic settlement.
- 0x ProtocolcoreDecentralized limit order protocol integrated into DIVA App for trading derivative position tokens. Combines off-chain order matching with on-chain settlement, enabling gas-efficient limit orders without giving up custody. Users can place BUY/SELL limit orders for LONG and SHORT tokens.
- SherlockmajorSmart contract audit firm engaged by DIVA Protocol for security audits of the codebase. Estimated audit cost of $100,000 as quoted by Sherlock. The completion of the Sherlock audit marked a major milestone in DIVA Protocol's lifecycle ahead of mainnet launch.
- PeckshieldmajorSmart contract security audit firm that audited DIVA Protocol. Audit summary available in the DIVA Protocol GitHub repository. Peckshield audit report referenced in DIVA Protocol's technical resources documentation.
- Solidity LabsmajorSecurity audit team (led by Owen/0xOwenThurm) that performed a practice audit of DIVA Protocol and discovered unique findings not uncovered by paid audit firms. Received DIVA token allocation as 'Other contributors' (2.2 million tokens). Special acknowledgement in mainnet launch announcement.
- ArctonminorPartnership to offer a regulated security token representing ownership of DIVA Technologies AG and entitlements to its profits/revenue. Security tokens issued on Arcton's crowdinvesting platform under the Swiss DLT Act, tradeable on Uniswap. Provides traditional investors an alternative to holding governance tokens.
- Fortune ConnectcoreDigital financial inclusion hub for farmers in Kenya. Serves as local intermediary for DIVA Donate campaigns, receiving donations on behalf of pastoralists and distributing via mPesa mobile payments. Also a microfinance institution providing credit, insurance, and financial services to 50,000+ customers in Kenya including smallholder farmers and pastoralists.
- Shamba NetworkcoreWeb3 oracle providing ecological and remotely-sensed data (NDVI from NASA/ESA satellites) on-chain. Powers the outcome reporting for DIVA Donate campaigns by monitoring vegetation health in Kenyan pastoralist regions. Eliminates reliance on centralized data providers for environmental trigger metrics.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
DIVA Protocol competitors and assessment
Company assessmentEmerging players
- Polymarket: Prediction market platform for binary event contracts. Comparable to DIVA as prediction markets are one of DIVA's supported use cases, though Polymarket focuses exclusively on event-based binary outcomes.
- IPOR Protocol: Decentralized interest rate derivatives protocol. Strategic partner of DIVA, providing the on-chain interest rate index integrated into DIVA; comparable as a builder of trustless interest rate derivative products on the same infrastructure.
Broad incumbents
- dYdX: Leading decentralized perpetuals and derivatives exchange operating its own app-chain. A broader incumbent in on-chain derivatives, offering margin-based perpetuals and spot trading with deep liquidity, comparable to DIVA's derivatives category but with a more specialized product focus.
- GMX: Decentralized perpetual exchange on Arbitrum/Avalanche with multi-billion TVL. A major incumbent in decentralized derivatives, comparable to DIVA's category but with concentrated focus on perp swaps rather than customizable derivative creation.
Direct peers
- Ribbon Finance: DeFi structured products protocol offering automated options strategies (covered calls, put selling). Comparable to DIVA as a derivatives infrastructure layer targeting yield-generating structured products for DeFi users.
- Opyn: DeFi options protocol building infrastructure for on-chain options and structured products. Comparable to DIVA as a peer in decentralized, fully collateralized derivatives infrastructure with composable building blocks.
- Lyra Finance: On-chain options AMM enabling permissionless options trading and market making. Directly comparable to DIVA in offering decentralized, fully collateralized derivatives with custom payoff structures for DeFi users.
- Hegic: Decentralized options protocol on Arbitrum/Ethereum offering on-chain crypto options. Directly comparable to DIVA as a permissionless derivatives infrastructure protocol targeting retail DeFi users with non-custodial, fully collateralized products.
- Aevo: Decentralized derivatives exchange focused on options and perps built on a custom L2. Comparable to DIVA as a derivatives protocol offering permissionless listing and settlement of customizable derivative products.
- Premia Finance: Options AMM with fully collateralized, peer-to-pool options markets on Ethereum/Arbitrum. Comparable to DIVA in offering decentralized, fully collateralized derivatives with customizable parameters and a similar target audience.
Market position
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
DIVA Protocol social profiles
Digital presenceDIVA Protocol financial estimates
Financial estimateRevenue estimate
Valuation estimate
DIVA Protocol leadership team
Management profileNumber of profiles
Profiles1 record
DIVA Protocol funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DIVA Protocol M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DIVA Protocol
What does DIVA Protocol do?
DIVA Protocol is a decentralized blockchain protocol that enables the creation and settlement of derivative products through smart contracts, deployed across multiple EVM-compatible networks. The protocol is complemented by consumer-facing applications (DIVA App, DIVA Donate), an analytics/visualization tool (DIVA ViZ), and a native DIVA Token used to capture protocol value and align community incentives.
Is DIVA Protocol a public or private company?
DIVA Protocol is a private company. It is classified as venture growth investor backed and is currently operating.
When was DIVA Protocol founded?
DIVA Protocol was founded in 2022. It employs 11 to 50 people.
Where is DIVA Protocol based?
DIVA Protocol is headquartered in Zug, Switzerland, in the Europe region.
How does DIVA Protocol make money?
Three revenue lines are on record. Protocol Fee is the primary driver. The others are DIVA Technologies AG Consulting Services and DIVA Token Issuance for Ecosystem Growth.
Who are DIVA Protocol's main competitors?
Emerging players on record are Polymarket and IPOR Protocol. Broad incumbents are dYdX and GMX. Direct peers are Ribbon Finance, Opyn, Lyra Finance, Hegic, Aevo and Premia Finance.
Does DIVA Protocol have an API?
No public API is recorded for DIVA Protocol.
What industry is DIVA Protocol in?
DIVA Protocol's product category is Decentralized Derivatives Protocol. Its primary akta.pro industry code is FSAGAMAC, Blockchain Settlement & Clearing Infrastructure (On-/Off-chain Post-Trade), with a secondary code of FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 523210 and its SIC code is 6221.