Deri Protocol Monthly Report for January 2022
Highlights in January
- Launched Deri Protocol V3, a defining project of DeFi 2.0 that will bring the “lego gameplay” of DeFi projects to a new level. With the introduction of “external custody”, Deri Protocol V3 supports multiple base tokens with substantially higher scalability and capital efficiency. Also, the DPMM of Deri V3 universally supports the funding-fee-based perpetual derivatives. Consequently, it can more flexibly organize liquidity for derivative trading across different types. Derivative innovations are thus made much easier under the v3 framework.
- BTCUSD-100000-C, BTCUSD-40000-C, BTCUSD-30000-P, BTCUSD-20000-P, ETHUSD-3000-C, and ETHUSD-2000-P are live on Deri Everlasting Options.
- Deri received an investment from TRON.
- Deri launched a demo testnet, in which traders can experience Perpetual Futures & Everlasting Options without risking real assets.
We’re excited to share with the community the roadmap of Deri Protocol 2022!
A.Project Progress
Deri Protocol V3, audited by Peckshield, was officially launched with defining features that will bring the “lego gameplay” of DeFi projects to a new level:
- External Custody
- A uniform DPMM for funding-fee-based perpetual derivatives
With the introduction of External Custody, Deri V3 has adopted Venus Protocol to hold liquidity, to therefore achieve a higher scalability of base tokens.
The DPMM of Deri V3 universally supports the funding-fee-based perpetual derivatives.
With the launch of Deri V3, Everlasting Options kicked off the official journey with several changes to better satisfy the purpose of the everlasting options trading.
- Funding period =7 day (was 1 day for V2)
- Switched to a Greek-based margin mechanism
- Lower transaction fee for OTM options
Deri Protocol launched its V3 demo testnet. Traders can demo trade on Deri with demo assets to learn how to trade derivatives without risking real assets.
Deri introduced 4 new strikes of BTCUSD Everlasting Options:
- BTCUSD-100000-C
- BTCUSD-40000-C
- BTCUSD-30000-P
- BTCUSD-20000-P
Deri introduced 2 new strikes of ETHUSD Everlasting Options:
- ETHUSD-3000-C
- ETHUSD-2000-P
B. Ecosystem/Community
Deri participated in BSC’s Advanced DeFi Live Session with BSC, in which Deri’s Co-founder and CEO 0xAlpha expounded why Deri will be at the leading edge when it comes to the future of Advanced Finance (DeFi 2.0).
Deri reached an investment partnership with TRON, which means accelerated growth, innovation, and expansion of Deri Protocol.
Deri launched a demo testnet “Practice to Earn” event, in which traders can experience Perpetual Futures & Everlasting Options without risking real fiat, while instead earning real 50,000 $DERI rewards.
Deri Protocol’s AMAs/Livesteam Overviews in January：
January 14th Deri Community AMA
January 28th Deri Community AMA
C. On-Chain Data
The total trading volume in Jan is over $1.7 billion while the accumulative trading volume on Deri Protocol is approaching $ 20 billion.
Over 2.1 million DERI tokens have been successfully burned since the launch of the DERI token buy and burn program.
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.
