Deri Protocol Everlasting Options Beta Official Launch
In the Everlasting Options whitepaper, we’ve explained what Deri Protocol’s Everlasting Options are and how they are unique to existing options products.
- No need to roll
- No liquidity fragmentation
Today we’re thrilled to announce that the First Everlasting Options is now available, starting from September 1st, 10:00 AM UTC. Security first in Deri Protocol, sufficient security test is carried before releasing this beta version. We are confident that the Deri Protocol’s Everlasting Options beta version, with conservative settings on the liquidity pool’s leverage parameter, is secure for users to provide liquidity and trade.
How To Provide Liquidity On Deri Protocol
Select the specific option pool on Binance Smart Chain
Approve your wallet, and add your liquidity.
Add Liquidity Now!
How to trade options on Deri Protocol
Deri Protocol Everlasting Options offers access to two everlasting options markets:
1. BTCUSD: BTCUSD-50000-C; BTCUSD-40000-P
2. ETHUSD: ETHUSD-4000-C; ETHUSD-3000-P
Before you start trading Deri Protocol’s everlasting options, you need to understand the unique features that it offers. Let’s dive into the step-by-step trading process on how to trade the everlasting options.
1. Firstly, select the option that you wish to trade.
2. Next, determine to buy or sell based on your trading strategy.
3. After that, deposit margin, and input trading volume.
4. Subsequently, you can choose to manage your position manually.
Example:
Alice holds 0.01 BTC and would like to ensure that she would always be able to sell the BTC at least $40000 per BTC regardless of what happens to the market price of BTC. Alice just needs to buy BTCUSD-40000-P everlasting options.
After depositing 100 BUSD Margin, Alice selects “BTCUSD-50000-P”, “LONG/BUY”, input trading volume (0.01 BTC), and click the button “TRADE”.
As long as Alice’s funding fee is paid, she remains protected from the downside market risk below $40000.
Please note that, since there is no expiration; Alice will need to sell her everlasting options position to realize her profit on it.
Start Trade Now!
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.
