Deri Protocol Monthly Report for May
Highlights in May
· Deri Protocol V2 whitepaper published
· DERI is added to Pancake’s syrup pool, and DERI/BUSD farm is live
· The first-ever, DeFi Meme coin index derivative (iMEME) is available on the platform for contract trading
· Announcing partnership with dForce to promote USX
After several months of development, Deri Protocol V2 will be officially launched in June, with its advanced new features, such as dynamic mixed margin and liquidity-providing, and multiple trading symbols in one pool.
A. Product progress
Deri Protocol V2 to be launched
Deri Protocol V2 will be officially launched in early June. Inheriting all the features of V1, Deri Protocol V2 introduces advanced new features
- Dynamic mixed margin
- Dynamic liquidity providing
- Multiple trading symbols in one pool
With these features, the derivative trading on Deri Protocol will achieve extreme capital efficiency.
Trade Demo published
Traders can now trade programmatically on Deri Protocol. Check our Demo to get started: demo of Deri-related programs
Launch iMEME index derivative
Through a community vote initiated on Twitter, Deri listed meme coin index (iMEME) as a derivative product of the Deri protocol. Users can add DERI liquidity to the iMEME pool and obtain DERI tokens.
B. Ecosystem/Community
Deri Protocol Partners with dForce to promote USX
The partnership with dForce is a solid step forward in increasing the diversity and variety of base tokens offered, and with it, the reach of Deri Protocol.
DERI is on Pancake Syrup and Farm
Pancake added DERI to Syrup Pool, users can stake CAKE to earn DERI.
Users that provide liquidity into the DERI-BUSD pool can stake their CAKE-LP tokens on Deri Protocol to earn $DERI and $CAKE rewards.
The Biggest Loser Trading Competition
Deri Protocol’s newest competition which lasts two weeks has come to an end on May 31st. The rule is rewarding the biggest losers (ranked from 1st to 10th) and results will be released soon. Please follow our Twitter for the latest updates.
Participated in the Blockchain Hackathon @ Southeast Asia
We participated in the Blockchain Hackathon @ Southeast Asia supported by BSC. 0xAlpha showcased Deri Protocol V2 at the final livestream. (https://www.youtube.com/watch?v=P8NdP9En7XI)
C. On-chain data
Deri Protocol
THE DEFI WAY TO TRADE DERIVATIVES.
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