Adding AAVE’s aToken “amUSDC” as the base token
Deri Protocol is the FIRST and the ONLY derivative protocol on Polygon which supports multiple tokens as base tokens for liquidity providers to provide liquidity as well as for traders to deposit as margin, which is called dynamic mixed margin and liquidity framework.
Within the unique framework, we are now delighted to add AAVE’s aToken “amUSDC” as a base token on Polygon. Adding amUSDC as abase token is a solid step forward for Deri Protocol to expand the DeFi lego game to all DeFi projects on Polygon.
How to Use amUSDC on Deri Protocol
Provide Liquidity to earn DERI
amUSDC holders can mint DERI by depositing amUSDC tokens as liquidity into the mining pool. Start Mining Now!
Example: Alice stakes 1,000 amUSDC on the perpetual pool “BTCUSD, ETHUSD/USDT, WMATIC, amUSDC”. Besides DERI rewards, she also earns transaction fee, funding fee, shared remaining value of liquidated positions, and in case of trader’s loss. These gains are reflected in the mining PnL metric. Refer to the guide here on how to provide liquidity on our in-house pools.
Trade BTCUSD, ETHUSD perpetual contract
Simultaneously, amUSDC can also be used as margin to trade BTCUSD, ETHUSD perpetual contracts on Polygon. Start Trading Now!
Example: Alice longs BTCUSD on the perpetual pool using amUSDC as margin
- If BTC’s price increases against USD:
She receives profits in USDT after closing her position. - If BTC’s price decreases against USD:
She receives less amUSDC in return after closing her position.
Please refer to the guide here on how to trade.
Enjoy the DeFi way to trade derivatives on Deri Protocol NOW!
Adding qualified tokens as base tokens on Deri Protocol is a significant milestone for both the BSC ecosystem and Deri Protocol to bring a broad range of DeFi experience and value to users. We believe Deri Protocol and other projects on BSC can work closely to develop an improved infrastructure to support mainstream blockchain adoption and make DeFi accessible to everybody!
About Deri Protocol
Deri Protocol is a decentralized protocol to trade perpetual futures and everlasting options. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and risk exposures are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
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About AAVE and aToken
Aave is an Ethereum-based money market where users can borrow and lend a wide variety of digital assets, from stablecoins to altcoins. The Aave protocol is governed by AAVE holders.
Aave interest bearing tokens (aTokens for short) are minted upon deposit and burned when redeemed. The aTokens are pegged 1:1 to the value of the underlying asset that is deposited in Aave protocol. ATokens, such as aDai, can be freely stored, transferred, and traded.
