Deri Protocol Monthly Report for November 2024
Highlights:
1. Deri Protocol has changed the trading fees distribution.
2. New listings: A series of BTC option strikes and SUI option strikes.
A. Project Progress
Through community voting, Deri Protocol has changed the distribution of the trading fees. The purpose is to ensure the long-term growth and sustainability of the Deri Protocol.
The changes:
1. Disable the rewards for referrals. A new referral system will be unveiled soon.
2. At the end of each month, instead of burning $DERI for 80% of the trading fees accumulated, half of it will be burnt, and half of it will be sent to the treasury.
The details: https://deri-protocol.medium.com/tokenomics-changes-proposal-230e89f47cf9
New listings:
BTCUSD-105000-C BTCUSD-105000-P
BTCUSD-110000-C BTCUSD-110000-P
BTCUSD-115000-C BTCUSD-115000-P
BTCUSD-120000-C BTCUSD-120000-P
BTCUSD-125000-C BTCUSD-125000-P
BTCUSD-130000-C BTCUSD-130000-P
BTCUSD-135000-C BTCUSD-135000-P
BTCUSD-140000-C BTCUSD-140000-P
BTCUSD-145000-C BTCUSD-145000-P
BTCUSD-150000-C BTCUSD-150000-P
SUIUSD-2-C SUIUSD-2-P
SUIUSD-3-C SUIUSD-3-P
SUIUSD-4-C SUIUSD-4-P
SUIUSD-5-C SUIUSD-5-P
SUIUSD-6-C SUIUSD-6-P
SUIUSD-7-C SUIUSD-7-P
SUIUSD-8-C SUIUSD-8-P
On-Chain Data (Deri V4)
Since the launch of the DERI burning mechanism, more than 15.30M DERI tokens have been burned to deadlock, with less than 562k DERI tokens burned in November 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.
