Deri Protocol Monthly Report for April 2023
Highlights in April
1. According to DIP 5, the Deri Protocol transaction fee allocation rate has been updated, and a Referral Program with a competitive tiered rewards system has been launched to stimulate and boost trading growth.
2. Deri liquidity mining has gone live on the zkSync Era mainnet.
3. Deri has established partnerships with several projects to foster innovation in the DeFi ecosystem.
4. $DERI token is now listed on the zkSync Era Bridge.
5. In April, 648k DERI tokens were burned to the deadlock address.
A. Project Progress
According to DIP 5, Deri Protocol officially launched a Referral Program to stimulate & boost trading growth. The referral program offers a tiered rewards system with competitive rewards with no upper limit. Click for the details.
Deri liquidity mining was live on zkSync Era mainnet. Click here for check.
Deri Protocol owns domain name on zkSync Era mainnet: deri.zk
B. Ecosystem/Community
Partnerships:
Deri Protocol x Argent Wallet: By leveraging the secure and user-friendly features of Argent Wallet, Deri aims to enhance the trading experience of users.
Deri Protocol x Pyth: Pyth is a leading oracle service provider. The partnership forsters innovation in the Defi ecosystem. Duet Pro, as the first successful DeFi project launch powered by Deri and Pyth, showcases this dedication to driving innovation.
Deri was honored to receive the 386,311 $ARB from Arbitrum DAO Airdrop! The rewards will be used to grow the Deri community and contribute to the Arbitrum ecosystem. Stay tuned for the Subsequent updates.
Address: https://arbiscan.io/address/0x20a5c32eE19BCDB2635455859E64bA5A1D1aCAb2
$DERI was available on the zkSync Era Bridge.
Deri Protocol was featured on the zkSync ecosystem hub.
Deri’s Live Stream/AMAs:
Deri Protocol x Pyth Network Twitter Space : Dive into our collaboration in bringing decentralized derivatives trading to the forefront.
Deri Community Discord AMA at April 18th
C. On-Chain Data
Since the launch of the DERI burning mechanism, nearly 2.8 M DERI tokens have been burned to deadlock, with over 648K DERI tokens burned in April 2023.
About Deri Protocol
Deri, your option, your future!|
Deri 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 positions 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.
