Deri Protocol Monthly Report for February 2024

Deri Protocol
4 min readMar 6, 2024

Highlights:

  • Implementation of “Limit” and “Stop Order” on Deri V4 mainnet
  • Reintroduction of Gamma Swap on Deri V4 testnet
  • Addition of BTC Everlasting Options strikes ranging from $51,000 to $80,000
  • Addition of ETH Everlasting Options strikes ranging from $3,600 to $4,500
  • Participation in the Polygon zkEVM DeFi Unleashed Ramp-Up to attract traders
  • Deri has been honored with the Pyth Retrospective Airdrop

A. Project Progress

New Features

  • Limit and Stop Orders on Deri V4 mainnet
  • Gamma Swap on Deri V4 testnet

New Listings:

BTCUSD $51000 Call, BTCUSD $51000 Put

BTCUSD $52000 Call, BTCUSD $52000 Put

BTCUSD $53000 Call, BTCUSD $53000 Put

BTCUSD $54000 Call, BTCUSD $54000 Put

BTCUSD $55000 Call, BTCUSD $55000 Put

BTCUSD $56000 Call, BTCUSD $56000 Put

BTCUSD $57000 Call, BTCUSD $57000 Put

BTCUSD $58000 Call, BTCUSD $58000 Put

BTCUSD $59000 Call, BTCUSD $59000 Put

BTCUSD $60000 Call, BTCUSD $60000 Put

BTCUSD $61000 Call, BTCUSD $61000 Put

BTCUSD $62000 Call, BTCUSD $62000 Put

BTCUSD $63000 Call, BTCUSD $63000 Put

BTCUSD $64000 Call, BTCUSD $64000 Put

BTCUSD $65000 Call, BTCUSD $65000 Put

BTCUSD $66000 Call, BTCUSD $66000 Put

BTCUSD $67000 Call, BTCUSD $67000 Put

BTCUSD $68000 Call, BTCUSD $68000 Put

BTCUSD $69000 Call, BTCUSD $69000 Put

BTCUSD $70000 Call, BTCUSD $70000 Put

BTCUSD $71000 Call, BTCUSD $71000 Put

BTCUSD $72000 Call, BTCUSD $72000 Put

BTCUSD $73000 Call, BTCUSD $73000 Put

BTCUSD $74000 Call, BTCUSD $74000 Put

BTCUSD $75000 Call, BTCUSD $75000 Put

BTCUSD $76000 Call, BTCUSD $76000 Put

BTCUSD $77000 Call, BTCUSD $77000 Put

BTCUSD $78000 Call, BTCUSD $78000 Put

BTCUSD $79000 Call, BTCUSD $79000 Put

BTCUSD $80000 Call, BTCUSD $80000 Put

ETHUSD $3100 Call, ETHUSD $3100 Put

ETHUSD $3200 Call, ETHUSD $3200 Put

ETHUSD $3300 Call, ETHUSD $3300 Put

ETHUSD $3400 Call, ETHUSD $3400 Put

ETHUSD $3500 Call, ETHUSD $3500 Put

ETHUSD $3600 Call, ETHUSD $3600 Put

ETHUSD $3700 Call, ETHUSD $3700 Put

ETHUSD $3800 Call, ETHUSD $3800 Put

ETHUSD $3900 Call, ETHUSD $3900 Put

ETHUSD $4000 Call, ETHUSD $4000 Put

ETHUSD $4100 Call, ETHUSD $4100 Put

ETHUSD $4200 Call, ETHUSD $4200 Put

ETHUSD $4300 Call, ETHUSD $4300 Put

ETHUSD $4400 Call, ETHUSD $4400 Put

ETHUSD $4500 Call, ETHUSD $4500 Put

B. Ecosystem/Community

Campaigns:

Polygon zkEVM DeFi Unleashed Ramp Up ($50k rewards)

Linea Ecosystem Dapp Discovery ($1200 rewards)

Partnership:

Deri x Pyth

Deri has been honored with the Pyth Retrospective Airdrop, standing with over 160 dApps across 27 blockchain networks as a PoweredByPyth recipient! A world of gratitude to Pyth for this remarkable partnership.

Deri Protocol x zk.Link

@DeriProtocol is thrilled to become a part of the @zkLink_Official Ecosystem! Embrace high performance ZK-DApps with the only multi-rollup Layer 3.

Deri’s Live Stream/AMAs:

1. Deri Discord AMA on 2nd February

2. Deri joined a DeFi AMA hosted by Manta Network

3. Deri joined a Twitter Space ‘Discover with Okapi: New Era of Linea DeFi after the upgrade’ hosted by Okapi

On-Chain Data (Deri V4)

Since the launch of the DERI burning mechanism, more than 9.61 M DERI tokens have been burned to deadlock.

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.

Website | Twitter | Github | Telegram| Discord| Youtube

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Deri Protocol

Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.