We are thrilled to announce the official commencement of the rollout for the latest iteration of Deri V4, starting with the introduction of a public testnet.
Go to https://testnet.deri.io/ to try out our Testnet App!
While Deri V3 represents a significant milestone in our product roadmap, the release of V4 marks the most substantial update to date.
Our vision for Deri V4 is to build an all-chain, decentralized derivative trading protocol, enhancing the inclusivity, capital efficiency, and user experience in the DeFi derivatives market. By embracing the xDapp concept, we aim to bring unprecedented scalability and versatility to our ecosystem, overcoming limitations seen in previous iterations and setting a new industry standard for decentralized derivatives trading.
But you may be wondering…
Deri V4 Architecture: i-Chain and d-Chain
What makes Deri V4 stand out? It’s all in its innovative architecture,which consists of two main components: a requesting interface and an executive engine, implemented as two groups of smart contracts.
The requesting interface,also known as the “i-chain” (with “i” signifying interface), serves as the pivotal entry point for user interactions. It adeptly handles a wide range of user requests, from traders initiating orders and managing margins to liquidity providers engaging in adding or removing liquidity.
These requests are seamlessly relayed to the executive engine. Deployed on a dedicated blockchain, this is our “d-chain”, where “d” represents “Deri”. Here, all the requests are processed.
Please read this article for deails.
What are the benefits
Flexibility of Network
Deri V4 excels in its ability to grant traders access to a wide range of networks. Unlike traditional cross-chain solutions that require bridging tokens between different networks, Deri V4 offers a uniform trading experience, allowing traders to focus on what truly matters: executing trades and staying ahead of the curve.
Consolidated Liquidity for Enhanced Trading
One of the most significant advantages of Deri V4 is the consolidation of liquidity from all supported networks into a single pool. By merging liquidity, Deri Protocol ensures that traders have access to deeper and more robust markets. This consolidation minimizes fragmentation and slippage, empowering traders to execute orders with greater efficiency and liquidity across multiple networks.
Faster Execution and Reduced Gas Costs
Deri V4 employs a groundbreaking approach to enhance trading speed and reduce gas costs. By executing the main logic on Deri’s Layer 3 (L3) infrastructure, the protocol significantly improves transaction processing times. Traders can enjoy faster order execution and trade settlements, providing a seamless trading experience. Additionally, the reduction in gas costs ensures that traders can engage in derivatives trading without being hindered by exorbitant gas fees.
Expanded Symbol Offerings, Especially for Everlasting Options
Deri V4 takes derivatives trading to the next level by providing an expanded range of symbols, particularly offering a greater range of strikes for Everlasting Options. This enables traders to tailor their strategies with precision and explore a more diverse set of trading opportunities.
DERI Token as base token
Deri V4 will set DERI token as one of the base tokens, offering additional benefits for both liquidity providers (LPs) and traders. LPs can stake DERI as liquidity, enjoying rewards and incentives while contributing to the growth of the ecosystem. Traders, on the other hand, can deposit DERI as collateral to trade all the derivatives. DERI token serves as a vital component of the Deri Protocol ecosystem, aligning the interests of all participants and fostering a vibrant and sustainable Deri community.
Following the public testnet, we’ll launch Deri V4 on mainnet, which is expected in the following weeks. Stay Tuned!
Access the testnet: https://testnet.deri.io
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.