Deri Protocol Monthly Report for June 2022
Highlights in June
- The burning mechanism of DERI token has switched to the burn-to-deadlock mode per DIP4
- deri.fi, the Portal for all Deri Ecosystem project, was officially introduced
- Welcome another community-driven project in the Deri Ecosystem: deri.lite
- 620K DERI tokens were burned in June. Among them, over 465K DERI tokens were burned to dead address
A.Project Progress
The Deri Ecosystem Portal, deri.fi was officially introduced.
All Deri verified projects from both core team and community developers will be listed in the portal. Click here for a further introduction of the portal
The second community-build DApp in Deri Ecosystem, deri.lite, has been released by the community.
New Listing: ETHUSD-1000-P Everlasting Options is live for trading on Deri Protocol
B. Ecosystem/Community
According to DIP 4, the burning mechanism of DERI token has switched to the burn-to-deadlock mode from June 6th, 2022.
All DERI tokens burned with this new mechanism can be found in this DEAD address.
Deri Protocol was included in the list of “Low-Cap Projects” selected by BSCDaily, which means that Deri Protocol is a recognized potential project in the crypto space.
Updates in Deri Academy (Deri Academy is for newbies and newcomers to learn derivatives trading):
1. General Introduction about Perpetual Futures
3. What are everlasting Options?
4. What is buying Everlasting Call Options?
Deri Protocol’s AMAs/Live Stream Overviews in June
Deri Protocol joined in a Twitter Space launched by Ivy Market as a guest on June 16th,2022
Deri Protocol joined in a Twitter Space launched by ONTO Wallet as a guest on June 24th,2022.The topic was “Derivatives Trading in Bear Market”.
C. On-Chain Data
Since the launch of the DERI burning mechanism, nearly 4.82 million DERI tokens have been burned, with more than 620K DERI tokens burned in June. Among them, over 465k DERI tokens were burned under burn-to-deadlock mode.
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.
