Daxia is a platform for tokenized derivatives.
The Decentralized Derivatives Association (DDA) seeks to be the first to market with a fully functional and truly decentralized option for derivatives. Currently, all transactions on the Ethereum network, including DDA contracts, are quite expensive. With the rising price of Ether, along with full blocks necessitating higher gas prices and longer transaction times, DDA ultimately relies on the Ethereum Foundation to succeed in scaling to provide an affordable and fast Ethereum Virtual Machine (EVM) for success. DDA is currently utilizing an Ethereum Foundation grant to develop and implement a short-term scaling solution that focuses on creating a bridged side chain for DDA products, a method that can be widely used by other Ethereum developers.