Deri Protocol Monthly Report for February 2023
Highlights in February
- Deri celebrated its 2nd anniversary alongside other partner projects with an amazing carnival reward of $150,000.
- Deri also announced the upcoming release of three brand-new products: Gamma Swap, DeriAI, and NFT Derivatives, giving users even more options to explore and invest in.
- DERI/ETH pool is available on Uniswap Arbitrum
- Deri formed exciting partnerships with CelerNetwork and Star Protocol.
A. Project Progress
On the occasion of its 2nd anniversary, Deri Protocol also released an early announcement of three brand new products that will be launched soon：
Gamma Swap: Gamma Swap allows the buyers to gain the Gamma exposure of some underlying asset and the sellers to earn the funding fees by providing that exposure, which can be a useful instrument for managing risks in a volatile market. It will be an Unprecedented innovation in the DeFi space. click for more info
Deri AI: Get your very own private low-cost AI advisor, click for more info
NFT Derivatives: Experience NFT Derivatives, click for more info
The new DERI/ETH pool is now available on Uniswap V3 Arbitrum. The new pool is in the official recommendation due to its higher liquidity.
Trade: https://app.uniswap.org/#/tokens/arbitrum/0x21E60EE73F17AC0A411ae5D690f908c3ED66Fe12
Add liquidity: https://app.uniswap.org/#/add/ETH/0x21E60EE73F17AC0A411ae5D690f908c3ED66Fe12/3000
New listings:
BTCUSD-30000-C everlasting options is now available on Deri-based pool.
BNBUSD-300-P everlasting options is now available on deri.io (BNBChain)
B. Ecosystem/Community
Deri is celebrating its 2nd anniversary with an exciting carnival event! This event offers users a wide variety of marketing and trading activities designed to attract new users while also increasing the loyalty of existing ones.
With a total reward pool of $150,000, participants have the chance to win big and enjoy the festivities. So join the fun and experience all that Deri has to offer during this amazing celebration!
The carnival link: https://deri.io/#/anniversary
Due to the support of Celer, users now can bride DERI tokens between Ethereum and Arbitrum within a few minutes: https://cbridge.celer.network/42161/1/USDC
Deri Protocol x Star Protocol
Deri’s Live Stream:
A special AMA for celebrating Deri’s 2nd anniversary on Feb 21: https://deri-protocol.medium.com/deri-ama-recap-on-feb-21th-2023-a35d2b6f8227
A discord AMA in ArbiturmNews Dao community on Feb 24:
C. On-Chain Data
Since the launch of the DERI burning mechanism, over 2M DERI tokens have been burned to deadlock address, with over 16K DERI tokens burned in February 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.
