Deri Protocol Monthly Report for September 2022
Highlights in September
- DPMM parameters have been adjusted for the balance of liquidity providers and traders.
- A new derivative product is on the way: Gamma Swap.
- ETCUSDT perpetual futures are live for trading on deri.io (BNBChain) with up to 10x leverage.
- 457k DERI tokens were burned to the deadlock address in September.
A.Project Progress
The DPMM parameters have been adjusted for the balance of liquidity providers and traders. The Deri team will continue to work on a better balance. Here is the detailed information.
New product introduction: A new derivative type, Gamma Swap, is under development. It is designed to trade Gamma directly. Click here for details.
New listing: ETCUSDT and ETHUSDT/DERI perpetual futures are live for trading on deri.io (BNBChain) with up to 10x leverage.
B. Ecosystem/Community
Deri’s long-term trading competition has begun & been running on a monthly basis with 20% transaction rebates as rewards. The event has been included in the Deri Adventure Campaign.
Deri Protocol is listed among top projects with risking rating due to Deri’s excellent security. Original link: https://twitter.com/bsc_daily/status/1570764704695328770
Deri had a technical conversation with Crypto Meina and Hashflow with the topic: Why Defi matters? What are the additional values that Defi brings to users? Here are the preview clips of the conversation.
Deri partnered Galxe on a market event.
Deri’s Live Stream: Deri Discord AMA on Sep 16th
C. On-Chain Data
Since the launch of the DERI burning mechanism, more than 1.1M DERI tokens have been burned to deadlock address, with over 457K DERI tokens burned in September.
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.
