Deri Protocol Monthly Report for November
Highlights in November
- Deri is one of the winners of the Most Valuable Builder III
- Deri received an investment from Binance Smart Chain’s $1 Billion growth fund
- Deri is an official recipient of BSC Incentive Program
- The total trading volume on Deri Protocol passed $10 billion, while the 24H trading volume reached ATH ~826M
- More than 550k DERI tokens were bought and burned in November as part of the Buy & Burn Program.
- Based on DIP2, the new Protocol fee ratio for the Buy & Burn of Deri token is now 80% and effective since Nov1
- Deri Protocol launched its testnet
We are now working on the new website UI and Deri Protocol V3,scheduled to be released very soon. Stay tuned!
A.Project Progress
Deri Protocol launched its testnet environment. Traders can demo trade on Deri with demo assets to learn how to trade derivatives without risking real assets.
Added ETHUSD-5000-C Everlasting Options, SANDUSDT and SHIBUSDT Perpetual Futures on Deri Protocol
Based on DIP2’s voting result, the protocol fee’s collection ratio 80% for Buy Back & Burn Deri token is officially effective into Deri smart contracts from Nov 1.
B.Ecosystem/Community
We are pleased to be one of the winners of the Most Valuable Builder III.
Binance Smart Chain invested in Deri Protocol
Deri is one of the first two recipients of BSC $100M liquidity Incentive. All the funds will be used for the growth of sustainable liquidity and trading activities on Deri Protocol.
The number of Deri’s PToken, derivative position tokenized as NFT (ERC721), has passed 3,000, which means 3,000+ addresses already have been trading on our platform.
The 1st Trade-to-Earn ended in a resounding success with over $5.6 billion trading volume in total
We are featured on Messari: Deri Protocol: The Future of Derivatives and On-Chain Market-Making
Deri Protocol’s AMAs/Livesteam Overview in November:
BSC DeFi Expo I: Live Session Interview
AMA at Coin Mühendisi community
AMA at Gate Turkiye community
Gate launched a series of promotional events for DERI Token
Lock DERI to earn (Phase 2)
Lock DERI to earn (Phase 3)
DERI Net Buy Competition
C. On-Chain Data
The total trading volume of derivatives is over $ 7.2billion with a sharp increase compared to October, while the accumulative trading volume on Deri Protocol surpassed $10 billion.
More than 550k DERI tokens were Buy & Burn in November. Buy and Burn Transaction Hash:
https://bscscan.com/tx/0xf802221e0d4ade1597cd78b4f7cc2c069324bf92aa58feee77f434ec1cf20b3c
https://bscscan.com/tx/0xc89e244cbb1497ebb796ccfb99db40795b47c0cabdc7d37e530f47ab8b11ee6f
https://bscscan.com/tx/0x00fabaef4089d0c1ef41e153a635850f37bbe38f2efb1750f35a6052be7cd014
https://bscscan.com/tx/0x6e4aaaeb4a2dc51e082bc2af727eb2ffc09e9b4f33ead846fc937f1f483f403f
https://bscscan.com/tx/0xb8a9595204f6071c2303deabb387a6a1abf58ae52cd7386b0c24c982a25505c1
https://bscscan.com/tx/0x55191c8e18daf7eb8d63f9af1b98bcd8676f06167939b907adddd51aed155390
https://bscscan.com/tx/0x622d8ce51b3a315418fa026cfc64d1406b8fd6817c72c769edb76bad29730c9e
About Deri Protocol
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
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.
