Deri Protocol Monthly Report for July 2022
Highlights in July
- Deri Protocol has expanded to Indonesia!
- Trading BTC and ETH derivatives with DERI tokens is now possible with the Deri-based V3 pool.
- New Listings: BTCUSD-20000-P, BTCUSD-30000-C & ETHUSD-2000-C everlasting options on deri.io, SHIBUSD perpetual futures on Bet it.
A.Project Progress
“Deri-based (BNBChain)” pool is live on deri.io now, upgraded from “Deri-based Future Inno” pool. The update brings to the capital efficiency improvement. Even more advantageous is that this upgrade allows users to trade BTC and ETH derivatives with DERI tokens.
New listings:
1. BTCUSD-20000-P everlasting options is live on deri.io’s Arbitrum network with leverage up to 25x.
2. SHIBUSD perpetual futures is live on Bet it.
3. BTCUSD-30000-C and ETHUSD-2000-C everlasting options are live on deri.io.
Multi-languages:
Indonesia Bahasa is now live on deri.io.
B. Ecosystem/Community
Deri launched a “Deri Festival Campaign”, in which participants can get Deri’s exclusive NFTs provided they finish simple tasks on Deri at small cost.The campaign aimed to attract more users to experience Deri Protocol, thus expanding Deri’s popularity in crypto.
Campaign result:
-Over 3000+ new addresses
-Daily derivatives trades hit over 1000+
Continuing the “Deri Festival Campaign”， “Deri Mystery Box Campaign” was launched to filter out potential traders from the participants of the Festival campaign. The ones who are interested in derivatives trading can win mystery boxes in which rebate NFTs (coupons) in various values are included.
Deri Protocol started to expand into the Indonesian market.
Deri Protocol’s AMAs/Live Stream Overviews in July
Deri Protocol joined a Twitter Space launched by Waterdrip Capital as a guest on July 5th. The topic was “What’s Next after the DeFi & CeFi Crash?”
Deri Protocol launched an AMA with BNBChainIndia on July 14th. The AMA topic was a comprehensive introduction of Deri to the Indian market.
Deri Protocol launched a general Discord AMA on July 15th.
C. On-Chain Data
Since the launch of the DERI burning mechanism, 535 k DERI tokens have been burned to deadlock address, with over 70K DERI tokens burned in July.
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.
