Deri Protocol Monthly Report for July 2023
Highlights:
1. The features & advantages of Deri V4 have been revealed here.
2. Deri listed several new symbols in perpetual futures and everlasting options.
3. 1.17 M DERI tokens were burned in July.
A. Project Progress
The features and advantages of Deri V4 have been revealed：
- Flexibility of network
- Consolidated liquidity for enhanced trading
- Faster execution and reduced gas costs
- Expanded symbol offerings, especially for everlasting options
- DERI token as base token
Click here for more details of the features.
New listings：
The switch button for Pro and Lite on deri.io has been redesigned into a simpler form.
Deri’s Live Stream/AMAs:
Deri launched a routine community Discord AMA on July 28th.
On-Chain Data
Since the launch of the DERI burning mechanism, nearly 5.97 M DERI tokens have been burned to deadlock, with nearly 1.17 M DERI tokens burned in July 2023.
The LPs of liquidity staking on Deri Protocol (Arbitrum & zkSync Era) are performing well.
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.
