Deri’s Trading Competition Recap #1
A week has now passed since the start of the trading competition and it’s time to take a look at the numbers!
214 unique traders have participated until now, with 568 trades (2.65 per trader), and a total volume of close to $14,000,000!
The top derivatives traded were perps for ETH (221 trades) and BTC (150). Further away, SHIB perps come at 24 trades, followed by a variety of ETH and BTC options. Overall, ETH was the most traded asset and it’s no surprise given the ETF news.
A bit disappointing is the amount of trades in the Inno Zone (non-ETH/BTC assets) with only 38 trades. Come on guys, there’s a $3,000 prize just for the Inno Zone and with not that much competition until now, it’s your time to seize it!
The overall P&L is -$5,422, giving an average P&L of -$25 per participant. The rough trading week that hit Bitcoin and alts hasn’t been kind and is most likely the main source of troubles since longs have dominated the debates for the competition (57% vs 43% for shorts).
As for our best performing traders until now…
0x794c…b810 seems to have a comfortable lead for the P&L prize with close to 7x the P&L of the 2nd on the list.
On a ROI basis, 0x484a…039f leads the charge with 63%.
Volume-wise, 0x01ca…38f4 looks untouchable with nearly $10M traded!
Finally, the Inno Zone leaderboard is very disputed with 0xf8af…861c being first with a mere $1 in P&L, leaving a lot of room for others to come and sweep the prizes.
Note that we only have a couple of referrers ranking until now, while you can easily generate your referral code and invite your friends to win a prize here: https://deri.io/#/referrals
All the detailed leaderboards can be found here (refreshed every hour): https://deri.io/#/trading-leaderboards
That concludes an amazing first week for the trading competition. Don’t forget that we also have a Galxe quest running for the competition with an additional 500 USDC in prizes! Join now at https://app.galxe.com/quest/DeriProtocol/GCx6Vtg9XC
Stay tuned for more updates and surprises!
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.
