Changes to Everlasting Options

  • Funding period = 7 day (was 1 day for V2)
  • Switched to a Greek-based margin mechanism
  • Lower transaction fee for OTM options
  • The required margin should be able to cover the loss of the position due to an unfavorable underlying price change (e.g. 5% or 4%)
  • When the underlying price changes in a direction favorable to a position, if the margin requirement is to be increased, the increment should not be greater than the profit increment. Otherwise, there could be a small chance of an unreasonable scenario: price changes favorably to a position, but it gets liquidated because the increment of the margin requirement has surpassed that of the profit.



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Deri Protocol

Deri Protocol


Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.