ETHUSD-3000-C,ETHUSD-2000-P on Deri Protocol

Deri Protocol
2 min readSep 29, 2021

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We are excited to announce that ETHUSD-3000-C and ETHUSD-2000-P are now live at Deri Protocol’s everlasting options.

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Contract Specs

ETHUSD-3000-C

Base token: BUSD

Underlier: ETHUSD

Strike: 3000

Option Type: Call

Min Trade Volume (Notional): 0.01ETH

Initial Margin Ratio: 10%

Maintenance Margin Ratio: 5%

Transaction Fee:

In-the-money: Transaction Fee = ETHUSD Price *0.15%

Out-of-money: Transaction Fee = Option Mark Price *4%

ETHUSD-2000-P

Base token: BUSD

Underlier: ETHUSD

Strike: 2000

Option Type: Put

Min Trade Volume (Notional): 0.01ETH

Initial Margin Ratio: 10%

Maintenance Margin Ratio: 5%

Transaction Fee:

In-the-money: Transaction Fee = ETHUSD Price *0.15%

Out-of-money: Transaction Fee = Option Mark Price *4%

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.

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Deri Protocol

Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.