Deri Protocol Monthly Report for July
HIGHLIGHTS IN JULY
- Deri Protocol sponsored and integrated the fastest ever Chainlink Price Feeds (BTC, ETH) on Binance Smart Chain and Polygon
- Added WBNB, CAKE as base tokens on Binance Smart Chain
- Added WMATIC as a base token on Polygon
- Launched Deri Inno Zone to provide new and innovative symbols for traders on Deri
- BUSD-margined AXIEUSDT, MBOXUSDT, iBSCDEFI perpetual contracts are live on Deri Binance Smart Chain Inno Zone, while USDT-margined AXIEUSDT perpetual contract is live on Polygon
- DERI-margined AXIEUSDT, MBOXUSDT, iBSCDEFI perpetual contracts are live on Deri Binance Smart Chain Inno Zone, while DERI-margined AXIEUSDT perpetual contract is live on Polygon
And we are glad to announce that Everlasting Options will be released in the coming weeks, stay tuned!
A: Project Progress
Sponsoring and Integrating the fastest Chainlink Price Feeds
As one of the most unique derivatives DEX, we believe that Underliers’ Oracle price feeds are essential to the safety of DEX, and sponsored and integrated Chainlink’s fastest ever 0.1% Oracle price feeds of the major cryptocurrencies of the crypto space on Binance Smart Chain and Polygon.
Adding Base Tokens
WBNB, CAKE has been added as base tokens on Binance Smart Chain, while WMATIC on Polygon. LPs are able to mint DERI by depositing these tokens as liquidity into the mining pools to enjoy a ~20% APY. Simultaneously, traders can also use these tokens as margin to trade BTCUSD, ETHUSD perpetual contracts.
Start mining now!
Inno Zone Launced
Inno Zone is a special trading zone exclusive to DERI PROTOCOL where traders can trade new, innovative symbols, such as the Metaverse sector tokens, DeFi Basket Index, etc. With the launch of Innovation Zone.
Perpetual Contracts information on Binance Samrt Chain:
- BUSD-margined AXIEUSDT, MBOXUSDT, iBSCDEFI
- DERI -margined AXIEUSDT, MBOXUSDT, iBSCDEFI
Perpetual Contracts information on Polygon:
- USDT-margined AXIEUSDT
- DERI-margined AXIEUSDT
Start trading now!
B: Ecosystem/Community
“Stamp & Win” Competition
In celebration of adding WBNB and CAKE as Deri’s base tokens, we rolled out the “Stamp & Win” event with rewards worth $100,000 in DERI.
After validation, 5,011 addresses are qualified to share the prize pool. We’ll announce the claim details on Twitter. Stay tuned!
Deri Protocol AMA in July
We held three AMA in July, please check each link for detailed information.
(1) July 2 Telegram AMA:
https://deri-protocol.medium.com/telegram-ama-recap-on-july-2-972429314d12?p=fa91a0d1de92
(2) July 16 Telegram AMA:
https://deri-protocol.medium.com/telegram-ama-recap-on-july-16-c52376d33e5c
(3) July 30 Telegram AMA:
https://deri-protocol.medium.com/telegram-ama-recap-on-july-30-10c7659d8be
C. On-Chain Data
Mining
Trading
The trading volume is $11.3 million in July, slight increase compared to June.
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.
