Deri Protocol Monthly Report for March 2022
Highlights in March
- Deri launched mBTC^2 and mETH^2 Power Perpetuals (Powers). Traders can now long powers to boost the up-side profit with protected downside; short powers to collect the funding fee as a yield; or trade powers to hedge the impermanent loss of Constant — Product Marketing Making, e.g. Uniswap and PancakeSwap
- Deri Protocol’s slogan: Deri, your options, your future!
- APEUSDT and GMTUSDT perpetual futures are live on Deri Protocol
- Deri’s decentralized governance is established through governance discussion on discord, community polls on the snapshot, and on-chain executive vote
- Deri Protocol has updated several features to significantly improve the user experience
- English, Korean, French, Vietnamese, German, Traditional Chinese, Japanese and Turkish are updated on Deri Protocol for worldwide community users
A.Project Progress
Deri Protocol officially launched Power Perpetuals. More than 18 base tokens can be used as margin to trade mBTC^2, mETH^2 powers.
Trade powers: https://deri.io/#/trade/powers
New listings:
APEUSDT and GMTUSDT Perpetual Futures have been live on Deri Protocol since March.
Deri’s decentralized governance procedure is established through Governance Discussion, Poll Votes, and Executive Votes.
Deri Protocol has updated several features to significantly improve the user experience.
- Deri support channel
- The position share function
- The global search function
Deri Protocol confirmed the official slogan through a community vote: Deri, your option, your future!
Japanese and Turkish languages have been updated on the Deri Protocol. So far, we support English, Korean, French, Vietnamese, German, Traditional Chinese, Japanese and Turkish on the Deri Protocol.
B. Ecosystem/Community
In order to gently introduce all traders to Everlasting Options, we have compiled some of the most important content as separate scenarios. With this, traders can begin their journey into the world of Everlasting Options.
Deri Protocol has launched a series of promotional events on Deri testnet.
- Powers positions sharing promotion
- Practice-to-earn event of everlasting options and power perpetuals
The Deri Power Perpetuals Smart Contract bug bounty program was live on Immunefi.
The Deri power perpetuals’ tutorial video was live. The detailed trading process of powers is demonstrated in the video, including adding margin, opening positions & closing positions.
Deri Protocol joined the BNBChain DeFi League Spaces with Tranchess, Venus and GSR.
Deri Protocol was listed on Total Value Locked Leaders in the BNBChain.
Deri Protocol & ONTO Wallet have jointly launched a trading campaign.
Deri Protocol’s AMAs/Live Stream Overviews in March
C. On-Chain Data
The total trade volume in March exceeded $2.2 billion, while the accumulative trade volume on Deri Protocol surpassed $23 billion.
Since the launch of the DERI burning mechanism, over 2.45 million DERI tokens have been burned, with 344k DERI tokens burned in March.
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.
