Deri Protocol Monthly Report for January 2023
Highlights in January
- Deri unveiled its Y2023 roadmap, outlining its plans and vision for the year.
- A strategic partnership with Unipass was established, expanding Deri’s reach and capabilities.
- Deri Protocol was recognized as one of the “40 best BNChain Dapps 2023” by BNBChain, showcasing its strong position in the market.
- Three new listings were added, including BNBUSD-300-C, BNBUSD-250-P, and ETHUSD-1500-C, expanding options for traders.
A. Project Progress
Deri officially announced its roadmap for 2023.
1. Product:
Deri V3.1
— new framework of external custody
— more flexibility with symbol adding/removing
Deri V4
— introduce inter-chain liquidity pool
Gamma Swap and more
Expand option underlyers (e.g. BNB)
Other features
— limit & stop orders
2. Ecosystem
Build Deri ecosystem in which Deri Protocol is adopted in many other projects
— Stable Earn expansion
— More asset management product
— Deri as hedging tools for spot AMM
— Structural products
3. Governance
Further promote governance decentralization
New listings:
B. Ecosystem/Community
BNBChain released a list “40 Best BNB Chain dApps 2023” . Deri Protocol was one of the 7 winning Dapps in the “Defi” section.
New partnership: Deri Protocol x Unipass. Unipass is a multi-chain unified crypto identity and your universal passport to crypto world and metaverse.
Together, Deri Protocol and Unipass will drive innovation and growth in the crypto industry, delivering an unparalleled user experience for our clients.
Deri’s Live Stream:
Deri Protocol participated in the AMA series hosted by Binance Labs as a guest.
C. On-Chain Data
Since the launch of the DERI burning mechanism, over 2M DERI tokens have been burned to deadlock address, with nearly 245K DERI tokens burned in January,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.
