Telegram AMA Recap on August 20
On Friday, August 20, we had a Telegram AMA. The following shows recap of the questions with 0xAlpha’s inspiring answers.
0xAlpha: Hello, my Deri fellows. Hope you are all doing well!
As you guys probably can see the audit report for everlasting options has already been published. we are doing the final stage testing. My ETA of rolling out everlasting options would be a couple of weeks. But I cannot promise a specific time yet as you can probably imagine about the complexity of such completely innovative stuff.
Another thing we are more sure about the ETA: the development of permissionless market (the official name is Open Zone) has just been completed. It will be online next week. A partner project will become the first one to launch their own perpetual pools next week. Please stay tuned for this.
OK, now let me start to address the questions.
Q1：One thing I really don’t like is not knowing what the liquidation is before opening a position — I’m hoping this is something being worked on? Or is there any way to know this beforehand? Thanks!
A1：A very good idea. We do have this information displayed after your order is processed. However you are talking about providing such info beforehand. It’s doable. I will forward this to the dev team. You are also encouraged to submit this through our suggestion system，you will even get reward for submitting suggestions.
Q2：How to unlock the remaining tokens and when is there a specific plan?
A2：Are you talking about the DERI tokens that are locked in the vesting plans of the team and investors. Most of this are locked in 24-month linear releasing plans, while some are locked in 10-month linear releasing plans. That being said, some of released DERIs will be put back into lock as some new investors come on board and the DERI they buy from the treasury & team (the already released part) will be put into vesting plans (i.e. locked again)
Q3：Any update on when everlasting options will be released?
A3：We are doing the final stage testing. ETA would be a couple of weeks.
Q4：where can I see the daily perpetual volume in deri system?
A4：we are working on an info page to display such statistics (just like info.uniswap.org).
Q5：Can someone explain what the giveaway is on the bottom of the site?
A5：It was for the reward for the stamp&win activity.
Q6：Is an API Integration possible with the deri Protocol?
A6：Technically there is no need for API. API is centralized exchanges. API is the channel for you to programatically connect to their trading system. However, for Deri Protocol (or for DeFi, in general), it is on chain and thus born to be programatically accessible. @archus archus already pointed out you to the demo of how to do this.
In fact, you can think of the app.deri.finance website is just a wrapper of the smart contract. That is, the website is those who are not able to deal smart contracts directly.
Q7： I’ll go over this one. I was wondering if you plan about some structured products like the Ribbon Finance (built on top of Opyn options). We’ve been discussing the problem with the options liquidity with my team and seems like such structured products could be one way to grow the liquidity. The main point is that retail don’t understand such complex derivative products, but might be willing to use simplified versions of them
A7：Please dm myself regarding any of such potential partnerships
Q8：Hey, where can Ifind the information about the private/public price of Deri? seems like you guys always try to ignore this information.
A8：It’s a TOKEN actively traded on secondary market, which means you have a number of third-party channels to know about the current public price, much better price sources than the team. There is nothing to ignore about.
If the “public price” refers to the price of “public sale”. There was no public sale.
As for the price for private deals, there were just many of them, at different prices.
Q9：Hi how about dydx? can we learn from dydx
A9：I agree Deri needs a better UI. However, dydx might not be the best role model to learn from, as it’s with a totally different trading paradigm — the old-school orderbook-based paradigm. That being said, we are open to learn from any DAPPs with great UI/UX. Please let us know which DAPPs (better be of derivatives) you think are looking great so we can learm from.
Q10：Hey the supply on the deri website says 55 million but I’ve been told by admins that it’s the wrong number what’s the real number?
A10：55M is roughly the circulating number of DERI. Though this is changing every day as DERI are mined out and released from the vesting plan.
Q11：Can I stake deri with bnb on something like pcs? Dont wanna have usdt laying around ?
A11：Deri V2 supports multi-base tokens for liquidity mining as well as margin. And BNB are supported. Please check it out here:
Q12：why dont we create a future that liquidity provider (from all the pools) can select to auto-stake the Rewards (Deri )
A12：Are you talking about when you mine your harvest automatically goes to another pool for staking? It’s an interesting idea. But I am not sure if this is doable. Let me think about it.
Q13：hi. would i only need to deposit usdt to long/short btc/eth on polygon?
A13：Yes, that’s correct. For more details please refer to our guide of trading. We have a very nice video to guide you through there.
https://docs.deri.finance/guides/trading
Q14：hi. is there any way for me to generate a referral link?
A14：Are you talking about referring people to trade on Deri. We have a referral program, which we call brokerage mining. Please check it out here:
https://app.deri.finance/#/broker
However, since this is an on-chain thing, it might be slightly different from the referral link thing you are talking about (that’s usually for the centralized exchanges). since it’s on-chain, you have to ask the people you refer to bind your address as his/her broker. And then after that, you will be rewarded for every trade he/she makes.
Q15：Any analytic dashboard for lps planned? E.g. potential hit for LPs depending on orders and price movements? ( thanks and huge respect Alpha, your team does great job )
A15：we are working on an info&analytics page. for the time being, you can get a rough idea about the potential hit from the net position that are displayed on the trading page:actually, this number is THE factor that determines the risk exposure of the pool. you can calculate the exact risk (e.g. Delta) from this number.
Again, we are just about to roll out permissionless markets and everlasting options in the coming weeks. please stay tuned.
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.
