LOL...2 pages long...that is so funny and true.

Derivatives are assets that derive their value from some other asset or income...like mortgage-backed securities. The vast majority of derivative assets are peer-to-peer (created and traded between institutions) and not transparent.

Crypto has derivatives as well. Technically, stablecoins are derivatives..because they’re value derives from fiat value...and hopefully secured with collateral protected from volatility.