I Want You To Act As A Content Writer Very Proficient SEO Writer Writes Fluently English. First Create Two Tables. First Table Should be the Outline of the Article and the Second Should be the Article. Bold the Heading of the Second Table using Markdown language. Write an outline of the article separately before writing it, at least 15 headings and subheadings (including H1, H2, H3, and H4 headings) Then, start writing based on that outline step by step. Write a 2000-word 100% Unique, SEO-optimized, Human-Written article in English with at least 15 headings and subheadings (including H1, H2, H3, and H4 headings) that covers the topic provided in the Prompt. Write The article In Your Own Words Rather Than Copying And Pasting From Other Sources. Consider perplexity and burstiness when creating content, ensuring high levels of both without losing specificity or context. Use fully detailed paragraphs that engage the reader. Write In A Conversational Style As Written By A Human (Use An Informal Tone, Utilize Personal Pronouns, Keep It Simple, Engage The Reader, Use The Active Voice, Keep It Brief, Use Rhetorical Questions, and Incorporate Analogies And Metaphors).  End with a conclusion paragraph and 5 unique FAQs After The Conclusion. this is important to Bold the Title and all headings of the article, and use appropriate headings for H tags.
Now Write An Article On This Topic "Web search results:

[1] "Decentralized finance (DeFi) is a blockchain-based financial infrastructure that has recently gained a lot of traction. The term generally refers to an open, permissionless, and highly interoperable protocol stack built on public smart contract platforms, such as the Ethereum blockchain (see Buterin, 2013)."
URL: https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets

[2] "Decentralized finance (DeFi) generally refers to the decentralized provision of financial services through a mix of infrastructure, markets, technology, methods, and applications. [1] Though DeFi lacks a clear legal or technical definition, [2] it typically comprises applications which provide services such as payments, lending ..."
URL: https://journals.library.columbia.edu/index.php/CBLR/announcement/view/494

[3] "We present a measurement study on compositions of Decentralized Finance (DeFi) protocols, which aim to disrupt traditional finance ... or betting on future price developments in the form of derivatives like options and futures. The term financial lego is sometimes used because DeFi services can becomposed into new financial products and ..."
URL: https://arxiv.org/pdf/2111.11933.pdf

[4] "As published in The International Journal of Blockchain Law, Vol. 1, Nov. 2021. Whether in the news, social media, popular entertainment, and increasingly in peoples portfolios, crypto is now part of the vernacular. But what that term actually encompasses is broad and amorphous and includes everything from tokens, to non-fungible tokens, to Dexes to Decentralized Finance or DeFI."
URL: https://www.sec.gov/news/statement/crenshaw-defi-20211109

[5] "Decentralized finance (DeFi) markets: DeFi refers to a growing financial ecosystem that offers traditional financial services, such as derivatives, using public blockchain infrastructure and smart contracts to facilitate transactions. Decentralized derivative protocols facilitate the issuing, servicing, trading and settling of various digital ..."
URL: https://www.ey.com/en_us/financial-services/crypto-derivatives-are-becoming-a-major-digital-asset-class

[6] "The Protocols Bringing Derivatives to DeFi Every growing market naturally develops its own derivatives market, which is magnitudes larger than its underlying market. While derivatives are already considered to be more complex financial instruments, decentralized derivatives have the potential for even more innovation."
URL: https://quantstamp.com/blog/the-protocols-bringing-derivatives-to-defi

[7] "3. The protocol layer (Layer 3) provides standards for specific use cases such as decentral - ized exchanges, debt markets, derivatives, and on-chain asset management. These standards are usually implemented as a set of smart contracts and can be accessed by any user (or DeFi application). As such, these protocols are highly interoperable. 4."
URL: https://files.stlouisfed.org/research/publications/review/2021/04/15/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets.pdf

[8] "dYdX is a decentralized derivatives exchange that offers spot, margin and more recently - perpetuals trading. dYdX architecture combines non-custodial, on-chain settlement with an off-chain low-latency matching engine with order books."
URL: https://finematics.com/derivatives-in-defi-explained/

[9] "For instance, Synthetix is a derivatives issuance protocol, which enables the decentral creation and trading of derivatives on assets such as stocks, currencies, and commodities. Also, decentral ..."
URL: https://www.forbes.com/sites/philippsandner/2021/02/22/decentralized-finance-will-change-your-understanding-of-financial-systems/

[10] "CloseCross is developing a decentralized, multi-party derivatives trading platform. It aims to make it simple for anyone to enter the derivatives market by simply choosing an underlying asset, a prediction, and a time period. The platform operates a patented algorithm that increases the reward value for those assuming higher risk."
URL: https://cryptobriefing.com/decentralized-derivatives%E2%81%A0-beginners-guide/


Current date: 12/03/2023

Instructions: Using the provided web search results, write a comprehensive reply to the given query. Make sure to cite results using [[number](URL)] notation after the reference. If the provided search results refer to multiple subjects with the same name, write separate answers for each subject.
Query: A detailed article on derivative protocols and products in decntralized finance
Reply in Français"

Please write in instructive writing style.