Trading Competition to Celebrate Everlasting Options Launch
To celebrate the launch of Everlasting Options, Deri Protocol is hosting a trading competition from 2021–09–02 12:00:00 PM (UTC) to 2021–09–05 12:00:00PM (UTC).
The first 100 traders who trade everlasting options on Deri Protocol during the competition period will win $10 in DERI tokens each!
How to trade everlasting options on Deri Protocol
Deri Protocol Everlasting Options offers access to two everlasting options markets:
1. BTCUSD: BTCUSD-50000-C; BTCUSD-40000-P
2. ETHUSD: ETHUSD-4000-C; ETHUSD-3000-P
Let’s dive into the step-by-step trading process on how to trade the everlasting options.
1. Firstly, select the option that you wish to trade.
2. Next, determine to buy or sell based on your trading strategy.
3. After that, deposit margin, and input trading volume.
4. Subsequently, you can choose to manage your position manually.
Example:
Alice holds 0.01 BTC and would like to ensure that she would always be able to sell the BTC at least $40000 per BTC regardless of what happens to the market price of BTC. Alice just needs to buy BTCUSD-40000-P everlasting options.
After depositing trading Margin, Alice selects “BTCUSD-50000-P”, “LONG/BUY”, input trading volume (0.01 BTC), and click the button “TRADE”.
As long as Alice’s funding fee is paid, she remains protected from the downside market risk below $40000.
Please note that, since there is no expiration, Alice will need to sell her everlasting options position to realize her profit on it.
Click here for more trading strategies!
Start Trade Now!
Notes:
- Rewards will be distributed within 1weeks after the competition ends
- Trading volume counts both buys and sells, excluding any wash trades
- Deri reserves the right to disqualify trades that are deemed to be wash trades, as well as trades that display attributes of self-dealing or market manipulation
- Deri Protocol reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion
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.
