Deri Protocol Monthly Report for August
The month of August was very active for Deri Protocol team and community; With a number of listings, competitions and AMAs.
Highlights
A) Events and AMAs
· Deri Protocol x Token Pocket #Trading Competition to celebrate over 100,000 visits to Deri Protocol from Token Pocket.
· Telegram AMA with 0xAlpha Recap on August 20
B) New listings
· The first Game index basket to cover all popular Game projects!
Getting exposure to the top #GAME coins has never been easier, instead of holding several open positions on different coins.
· Launched $DERI-margined, $USDT-margined SANDUSDT pairs
· Launched $BUSD-margined & $DERI-margined MBOXUSDT pairs
· Launched $USDT-margined & $DERI-margined QUICKUSDT pairs
C) New Base token
Adding AAVE’s aToken “amUSDC” as the base token for Polygon
D) Introducing Deri Protocol Open Zone : Permission-less Markets of Derivatives
Now with Deri Protocol, everyone can launch his/her own pool, defining the base token and trading symbols, transaction fee ratio, etc. Token projects can choose to become LPs to create a pool, which allows their specified tokens to be base tokens or trading symbols and creates tokens’ new use cases through Deri Protocol’s Open Zone.
Sample:
Project Zerogoki launched its own pool on BSC, defining zUSD as base token to trade perpetual futures of BTCUSD, ETHUSD, etc.
Passive zUSD token holders who wish to invest their assets to accumulate transaction trading fees, the funding fee, etc., can stake zUSD in the pool.
D) Trading
The trading volume is ~$10 million in August.
Current Pairs on https://app.deri.finance/#/futures/pro
About Deri Protocol
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
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.
