Deri Protocol Monthly Report for November 2023

Deri Protocol
3 min readDec 5, 2023

Highlights:

1. Deri V4 has been officially live on Arbitrum, zkSync Era and Linea.

2. Deri Protocol and Mendi Finance announced the partnership on Linea.

3. 680K DERI tokens burned this month

A. Project Progress

Deri V4 Milestone: The world’s first-ever cross-chain derivatives trading protocol is officially live. Available on Arbitrum, zkSync Era, and Linea, thanks to community governance votes.

Innovations in Deri V4

1.Consolidated Liquidity for Enhanced Trading

2.Faster Execution and Reduced Gas Costs

3.Expanded Symbol Offerings and More Option Strikes
4.Flexibility of Network

Security First:

Prioritizing security at Deri Protocol, we’ve updated our Deri V4 bug bounty program on Immunefi to further safeguard our users’ funds.

Base Tokens:

ARB token and DERI token are listed as base tokens on Deri V4. LPs can use them to stake to earn while traders can use them to trade all derivatives on deri.io.

New Symbols Listings:

BTCUSD-38000-C
BTCUSD-38000-P

Deri Protocol has introduced a new transaction fee algorithm for Gamma Swap: https://deri-protocol.medium.com/a-new-transaction-fee-algorithm-for-gamma-swap-fdf0d32cb2f3

B. Ecosystem/Community

Partnership :

Deri Protocol x Mendi Finance: Mendi Finance is a decentralized lending powerhouse for everyone — individuals, institutions, and protocols. Operating on Linea, it’s an open-source, permissionless platform where users can deposit assets, use them as collateral, and borrow seamlessly. Deri’s LPs will be deposited to Mendi Finance to generate yields for Deri’s users, all the while boosting Mendi’s liquidity.

Deri Protocol community page is live on DeFinance and the DERI token is listed on DeFinanceSwap now.

The celebration campaigns for Deri V4:

Deri V4 onboarding campaign

Deri’s Live Stream/AMAs:

Deri Discord AMA at 3rd November

Deri V4 Exclusive AMA at 24th November

Deri Protocol x Mendi Finance AMA

Deri Protocol x Scroll AMA

Deri Protocol x Mendi Finance Twitter Space

On-Chain Data (Deri V4)

Since the launch of the DERI burning mechanism, more than 7.31 M DERI tokens have been burned to deadlock, with more than 680K DERI tokens burned in November 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.