Highlights in June
- Deri Protocol V2 launched on Binance Smart Chain on June 4th, and also expanded recently to Polygon, providing extreme capital efficiency, for perpetual futures trading, across different blockchains on June 30th
- The Deri protocol buyback program was initiated and since then $2300 transaction fees has already been added to the DAO fund, which will be used to regularly buy back DERI from the secondary market
- The Brokerage mining program is now available on Deri Protocol.Users can now additionally earn DERI by inviting friends to trade on Deri Protocol!
- Deri Protocol’s website now supports multiple languages!
We are glad to announce that the trading volume exceeded $11 million in June, an increase of 45% compared to May. Everlasting Options will be ready in a few weeks with other exciting future developments, stay tuned!
A. Product Progress
Audit Reports V2
To be comfortable with launching Deri Protocol V2, security audits from Peckshield and Certik were carried out to reduce the threat of direct protocol vulnerabilities.
Deri Protocol V2 Launched
Deri Protocol V2 is launched to achieve extreme capital efficiency. With the exceptional features of v2, traders can now use mixed margins and trade multiple trading symbols within the same pool!
Our Website has been updated with regards to languages. Users can now switch between 3 available languages (English, Chinese & Deutsch) and trade DeFi derivatives on chain with extreme capital efficiency.
New Investor GSR
Deri Protocol had a new investor GSR, which means accelerated growth, innovation and expansion of Deri Protocol.
Deri Protocol Buyback Program Initiated
20% of the transaction fees earned on Deri Protocol will be put into a DAO fund, which will be used to regularly buy back DERI from the secondary market and burned.The current value of DAO is around 2300 USD.
Deri Protocol AMA
We held three AMA in June, please check each link for detailed information
1) June 8 TG AMA
2) June 10 AMA with BSC
Rewards distributed to Deri Fam who prepared top questions and those who raced to be the first to answer quiz questions.
3) June 25 TG AMA
Deri Protocol on Polygon
Deri Protocol deploys an ETH layer 2 solution and will be the first decentralized DeFi perpetual contract solution on Polygon. This cooperation is a significant milestone for both Polygon and Deri Protocol to bring a broad range of experience and value to users, while also expanding the composability of DeFi across different blockchains. With Deri Protocol’s expansion to Polygon, both LPs and Traders will benefit from low gas fees and faster transactions.
Brokerage Mining Program
Earn Up to 12,000 DERI Every Day with the Brokerage Mining Program. For each user who trades on Deri Protocol V2, the affiliated broker receives DERI rewards. Please note that the Brokerage Mining program is only available for Deri Protocol V2. Please refer to here for details.
C. On-Chain Data
About Deri Protocol
Deri Protocol is a decentralized protocol for users to exchange risk exposures precisely and capital efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri Protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purpose. Having provided an effective on-chain mechanism to exchange and hold risk, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.