Deri Protocol Monthly Report for August 2022
Highlights in August
- Deri Protocol’s total trading volume exceeded $30 billion
- Dip Hunter, another community-built dApp, has been added on deri.fi. Dip hunter helps people to buy the dip while earning passive income.
- The Deri Adventure program is launched to recognize and encourage community members who contributed to the development of the Deri protocol
- 109k DERI tokens were burned to dead address in August.
Deri Protocol’s total trading volume exceeds $30,000,000,000
Deri Protocol Ecosystem welcomes a new community Dapp: Dip Hunter.
Compared with CEX, Dip Hunter helps people to buy the dip while earning passive income.
AVAX is added on Bet It.
Russian is now live on deri.io.
Powers market has been migrated from Inno pool to main pool on BNBChain in order for capital efficiency improvement.
Deri Protocol has launched its long-term community campaign: Deri Adventure.
As part of the campaign, participants can earn XP for leveling up by completing various tasks. In addition, participants will receive corresponding rewards.. The campaign aims to introduce Deri Protocol step by step in a fun and casual way.
Deri Protocol ranks 2nd in top-20 security leaders among DEXs and is listed on the leaderboard of top-10 security leaders among DeFi projects.
C. On-Chain Data
Since the launch of the DERI burning mechanism, 645 k DERI tokens have been burned to deadlock address, with over 109k DERI tokens burned in August.
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.