Deri Protocol Monthly Report for May 2024
Highlights:
1. Deri V4 can now be used programmatically to trade.
2. The Linea Surge launched. Any deposit to liquidity pools/margin account and trade of perps and options for BTC/ETH on deri.io will earn LXP-L, Mendi points and yield.
A. Project Progress
Deri V4 can now be used programmatically to trade. Demo code: https://github.com/deri-protocol/demo/tree/main/deri_v4_basic_trading_actions
B. Ecosystem/Community
The Linea Surge launched. Any deposit to liquidity pools/margin account and trade of perps and options for BTC/ETH on deri.io will earn LXP-L, Mendi points and yield.
On-Chain Data (Deri V4)
Since the launch of the DERI burning mechanism, more than 10.63 M DERI tokens have been burned to deadlock，with more than 1.02M DERI tokens burned in May 2024.
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.
