Deri Protocol Monthly Report for June 2023
Highlights:
1. Deri Protocol officially introduced Deri V4
2. Deri listed several new strikes of BTC, ETH and BNB everlasting options
3. Deri announced the partnerships with Particle Network, zkSwap Finance, Layer2 Master
4. 1.2 M DERI tokens were burned in June
A. Project Progress
Deri Protocol officially introduced Deri V4. The highlights of Deri V4 include:
1. The all-chain strategy & xDapp architecture
The heart of Deri V4’s transformative design is the xDapp model. xDapp is a novel type of decentralized application architectured to operate across multiple blockchains.
2. Capital efficiency and unified liquidity with xDapp
V4 aims to solve the major challenge of liquidity fragmentation. With this new architecture, all liquidity from different blockchain networks is aggregated into a single pool.
3. Bridge liquidity across chains
V4 capitalizes on the cross-chain functionality of xDapp to bridge liquidity between different blockchains. This enhances capital efficiency by allowing a broader range of assets to be used within the Deri ecosystem.
4. Maintain core values
Despite the new cross-chain capability, V4 remains committed to its core DeFi principles. V4 continues to support four major derivative types: perpetual futures, everlasting options, power perpetuals, and gamma swap.
In conclusion, Deri V4 is to build an all-chain, decentralized derivative trading protocol, enhancing the inclusivity, capital efficiency, and user experience in the DeFi derivatives market.
More details for Deri V4: https://deri-protocol.medium.com/introducing-deri-v4-the-dawn-of-cross-chain-decentralized-derivatives-trading-706d55e97376
The following strikes are dynamically listed on Deri to provide the most in-demand trading symbols:
B. Ecosystem/Community
Deri Protocol x Particle Network: Particle Network is a provider of secure Authentication and Wallet-as-a-Service Middleware, powered by Multi-Party Computation. Their services empower developers to easily incorporate authentication and comprehensive wallet functionalities into their applications.
By integrating the Particle Network, Web2 users are empowered to seamlessly log into deri.io using various phone and social media platforms, including Google, Facebook, Apple, Twitter, and more, making decentralized derivative trading more accessible and enjoyable for everyone.
Deri Protocol x zkSwap Finance: zkSwap Finance is the 1st Swap-to-Earn DeFi DEX, rewarding providers & traders with incentives, and retroactive rewards for early backers.
Deri Protocol x Layer2 Master: Layer2 Master is a media hub focused on updating the best news, insights, knowledge, and opportunities on Layer 2 projects. It connects projects & audiences.
Deri’s Live Stream/AMAs:
Deri joined Common Wealth’s Twitter Space as a guest. The topic was ‘Early-Stage Retail Investing for All’.
Deri joined zkFox’s Twitter Space as a guest. The topic was ‘Exploring new opportunities in the zkSync Era’.
Deri launched a routine community Discord AMA on June 16th.
On-Chain Data
Since the launch of the DERI burning mechanism, nearly 4.80 M DERI tokens have been burned to deadlock, with nearly 1.2 M DERI tokens burned in June 2023.
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.
