Join the “Stamp & Win” Event, Win up to $100,000 in DERI

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

Detailed Rules

  • 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.

BTCUSD Contract
ETHUSD Contract

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.

Website | Twitter | Github | Telegram

--

--

--

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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Phonon Protocol Vision (part 3): Native Phonons

If meetups had collectibles

Blockchain Will Upgrade the Internet of Things Into the Economy of Things

Decentralizing Software Ownership with Blockchain

Top 9 Blockchain Trends Everyone Must Know About in 2020

Anatomy of a Microtitle Account

Big Tech Embraces Blockchain

Competition NFT Art

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Deri Protocol

Deri Protocol

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

More from Medium

Deri Protocol and My DeFi Pet Partner to kickstart the GameFi Integration

Cyber DAO x Oolong NFTea — Cyber Teapots

NFT Merge is Release

MintedVodka 2 Preview + Shopping Spree!