Deri Protocol is a derivatives protocol that supports multiple tokens as base tokens for liquidity providers to provide as liquidity as well as for traders to deposit as margin. This unique feature of mixing various base tokens is what we call a dynamic mixed margin and liquidity framework. Within the framework, derivative trading can achieve an optimal capital efficiency, which is potentially higher than that of centralized exchanges.
In celebration of adding WBNB and CAKE as Deri’s base tokens on Binance Smart Chain (BSC), Deri Protocol rolls out a promotional event of “Stamp & Win” with rewards worth $100,000 in DERI from July 14th, 10:00 AM to July 31st, 10:00 AM UTC.
Link: Official Event Page
- This promotion does not apply to any addresses interacted with Deri Protocol before July 14th, 10:00 AM, 2021
- Minimum BNB balance requirement: no less than 0.2 BNB
- Users who complete all the tasks will be eligible to win a share of the 100,000 USDT prize pool
How to Participate
Step 1: Click the “STAMP” button three times. Note that the stamp button can only be clicked once a day.
Step 2: Approve your wallet on Deri Protocol when you have completed all three “STAMP”
Step 3: Click the “CLAIM” button to get the Deri Position token. Please be aware only the first 5,000 new addresses can claim the Ptoken.
Sample of the NFT which includes 1.5 BUSD Initial Margin, one BTCUSD perpetual contract, and one ETH perpetual contract. The dynamic effective balance is 1.49 BUSD because 0.01BUSD was paid to open positions.
Step 4: Complete at least three trades on Deri Protocol. Please refer to the guide here on how to trade.
Now you are eligible to win a share of the 100,000 USDT prize pool!
About Deri Protocol
Deri Protocol is a decentralized protocol for users to exchange risk exposures precisely and capital efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri Protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purpose. Having provided an effective on-chain mechanism to exchange and hold risk, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.