Deri Protocol Monthly Report for January 2024
Highlights:
1. We’ve launched on Polygon zkEVM and Manta, bringing our derivative trading platform to even more DeFi users.
2. Our v4 testnet is now powered by Celestia, marking a significant shift to using Celestia as our DA layer.
3. We’ve dived into the Polygon zkEVM Defi Unleashed Ramp-Up, offering users the chance to win from a $55k prize pool by completing quests.
4. L2beat has named us the FIRST Layer 3 project, a notable achievement.
5. Deri now supports $MANTA and $WSTETH as base tokens to trade futures and options.
A. Project Progress
1. Growing Our Community: Adding Polygon zkEVM and Manta means Deri Protocol now operates on 6 chains, enhancing our reach.
2. Base Tokens Updates: $MANTA, $WSTETH, can be used for trading BTC, ETH futures and options.
3.Enhancing User Experience :
- We’ve updated our trading symbol selection for a smoother experience.
- Our Option Chain feature now lets you see all vital options data — like strikes, prices, and volume — at a glance, simplifying your trading decisions.
B. Ecosystem/Community
1.Participate in the Polygon zkEVM Defi Unleashed Ramp-Up event on deri.io for a shot at the $55k reward.
2. Deri Protocol was highlighted by L2beat as the FIRST Layer 3 project
3. As the first step of moving to adopting Celestia as DA layer, Deri V4 testnet now runs with Celestia under the hood. To mark it, a special quest with a $500 reward has been rolled out.
4. Partnerships:
Exciting partnerships with Dmail and LayerBank are set to bring systematic support for our users.
Deri’s Live Stream/AMAs:
1. Deri joined a Twitter Space ‘How to develop trading strategies in a volatile market’ hosted by SubstanceX.
2. Deri Protocol x LayerBank jointly AMA
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, with more than 549K DERI tokens burned in January 2024.
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.
