Deri Protocol Monthly Report for August 2024
Highlights:
We updated the perps funding rate calculation.
A. Project Progress
To align with industry standards and increase competitiveness, we updated the perps funding rate calculation.
B. Ecosystem/Community
Deri x Dyson campaign: Complete quests to get DYSN airdrops and LXP-L
On-Chain Data (Deri V4)
Since the launch of the DERI burning mechanism, more than 13.23 M DERI tokens have been burned to deadlock, with more than 601k DERI tokens burned in August 2024.
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.
