Deri Protocol Monthly Report for October 2024
Highlights:
Deri Protocol has launched a new product: Deri’s Telegram Trading Bot.
A. Project Progress
Deri Protocol has launched a new product: Deri’s Telegram Trading Bot. The Deri dApp was adapted into a bot/mini-app to be usable directly from your phone on Telegram, so now users can trade derivatives in just a few steps, at home or on the go, while still on-chain.
Introduction: https://deri-protocol.medium.com/introducing-deris-telegram-trading-bot-bcb2307aa119
Deri Protocol has updated the indexing system and trades now settle in seconds.
On-Chain Data (Deri V4)
Since the launch of the DERI burning mechanism, more than 14.74 M DERI tokens have been burned to deadlock, with less than 479k DERI tokens burned in October 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.
