Deri Protocol Wins Liquidity Incentive Funds from BSC
To encourage more innovation and further adoption, BSC is launching the new BSC Liquidity Incentive Program, which will help projects achieve sustainable liquidity and user growth.
The BSC incentive program primarily targets 3 categories of projects, including DeFi Protocols, to which we, Deri Protocol, also proudly belong.
Hence, Deri Protocol is honored to be one of the BSC Liquidity Incentive recipients. As 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, and also aims to establish itself, going forward as a cornerstone of DeFi 2.0 Derivatives movement on the Binance Smart Chain!
As the first and only decentralized exchange providing both Everlasting Options and Perpetual Futures on Binance Smart Chain, Deri Protocol has an average volume of $180 million in daily trading just in October and reached an ATH of $826 million daily trading volume on November 10th, 2021.
0xAlpha, Co-founder and CEO of Deri protocol annotated optimistically: “We are so excited to become part of the DeFi infrastructure of BSC. With the support from the BSC liquidity incentive program, we will build secure, trustless, and holistic DeFi infra to satisfy new DeFi requirements from institutional and professional users .”
All of the funds will be used for the growth of sustainable liquidity and trading activities. We are confident that we will see an uplift in trading volume, daily and weekly active users and transaction volume on Deri Protocol, not least due to the availability of the Liquidity Incentive Program.