Deri Protocol Monthly Report for May 2023

Deri Protocol
2 min readJun 9, 2023

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Highlights:

  • Deri has established partnerships with several projects to foster innovation in the DeFi ecosystem
  • In May, 863k DERI tokens were burned to the deadlock address.

A. Project Progress

The Deri Protocol team is actively developing a range of new features to enhance the trading experience. Simultaneously, we are making significant preparations for Deri V4.

B. Ecosystem/Community

Deri Protocol x Sender Wallet: Sender Wallet is a leading non-custodial wallet. Through the collaboration, we aim to foster the mass adoption of derivative trading. Our joint effort will make it more accessible for everyone to participate in decentralized derivative trading, empowering users with greater control and security.

Deri Protocol x Space ID Protocol: The partnership is for arb & bnb name service. Users can easily track their trades using their domain names, adding transparency and ease for daily transactions.

Deri Protocol was listed as one of the leading Dapps on ONTO Wallet.

Deri’s Live Stream/AMAs:

0xAlpha joined Wolf’s EPIC Twitter Space “‘Learning how to trade — What software?” as a guest.

Deri Protocol Community Discord AMA on May 26th

On-Chain Data

Since the launch of the DERI burning mechanism, nearly 3.64 M DERI tokens have been burned to deadlock, with over 863k DERI tokens burned in May 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.

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Deri Protocol

Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.