|All Time High:|
|Market Cap: |
|The price of #DERI today is $0.028 USD.|
The lowest DERI price for this period was $0, the highest was $0.028, and the current live price for one DERI coin is $0.02766.
The all-time high DERI coin price was $0.67.
Use our custom price calculator to see the hypothetical price of DERI with market cap of BTC or other crypto coins.
|The code for Deri Protocol crypto currency is #DERI. |
Deri Protocol is 1.6 years old.
|The current market capitalization for Deri Protocol is $6,002,104.|
Deri Protocol is ranked #617 out of all coins, by market cap (and other factors).
|There is a modest volume of trading today on #DERI.|
Today's 24-hour trading volume across all exchanges for Deri Protocol is $22,238.
|The circulating supply of DERI is 216,995,854 coins, which is 46% of the total coin supply.|
GMX, A Can-Be-Evil “AMM”
TL; DR: GMX depends on a centralized mechanism, “keeper”, which is solely run by the team., The “keeper” determines all the trading prices and thus can screw or benefit any parties (traders and LPs) as it wishes., With the absolute power of the “keeper”, it is easy for GMX to be evil, even easier than any centralized exchanges, including those mean-to-be-evil ones., — The devil in the details: GMX’s keeper - The recent manipulation attack on GMX brought our attention to GMX’s keeper mechanism. However, the vulnerability to external manipulation is not the real problem. While external manipulation is a harnessable issue, the real problem for the keeper is that there is no way to avoid internal manipulation (or even detect it). Trading on GMX is a 2-step procedure: You place the order. In this step, in addition to the regular transaction fees, you pay an extra amount of ETH/AVAX (called “Execution Fee”) for the keeper to execute your trade., The “keeper” executes your order with a so-called “oracle price”, which is solely determined by the keeper., Here is the devil in the details: this keeper is not of any on-chain or transparent mechanism. Instead, it’s a procedure signed by a GMX-owned address and running on GMX’s own centralized server. And the keeper’s core role is not just to execute the orders, but also to decide the trading prices. Within the very weak constraint, the keepe...
ETCUSDT & ETCUSDT/DERI Listed on Deri Protocol
ETCUSDT and ETCUSDT/DERI perpetual futures are open for trading in Deri Protocol on BNB Chain. ETCUSDT: deri.io ETCUSDT/DERI:deri.io/DERI Perpetual Futures Specs: Symbol: ETCUSDT、ETCUSDT/DERI Base tokens: BUSD, USDC, USDT, XVS, BNB, BTCB, ETH, LTC, SXP, XRP, DOT, LINK, DAI, ADA, CAKE, TUSD, TRX, MATIC,DERI — 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. Website | Twitter | Github | Telegram| Discor
Deri AMA Recap on July 15th
On Friday, Sep 16th, Deri launched a Discord AMA with Deri’s co-founder, 0xAlpha. In this AMA, the community’s all questions & suggestions piled up during the time were be answered & fed back. The AMA Entrance: discord.gg Let’s watch the detailed & complete AMA recap below: OxAlpha: Hello everyone~hope you guys are doing well, Deri fellows! I am starting with the questions here then. Q1: Is there a plan to launch BNB options? A: We are working on this. It’s as simple as the BTC and ETH options tho. Right now the most the critical part for BNB option is the volatility. You might have seen I posted an proposal for online algorithm of realized vol, which was preparing for the Vol components of such options. (im0xalpha.notion.site) Q2: When gamma swap? A: We are working on that too. It might be rolled out in a couple of months. Don’t take it as a promise tho, as this is complete innovation (first ever in the financial history), for which there is no way to set timeline. Q3: I’ve been wondering for a long time, is there any discount factor depending on the amount of Deri held by traders? Like other exchanges, for example, Dydx, Binance exchanges? A: We are considering and discussing such a mechanism. However, regarding whether it’s worth doing so, we have not come to a conclusion yet. - Regarding your comparison with dydx and binance, please note the following difference: Dydx and Binance are both cen...
Deri Protocol Monthly Report for August 2022
Highlights in August Deri Protocol’s total trading volume exceeded $30 billion, Dip Hunter, another community-built dApp, has been added on deri.fi. Dip hunter helps people to buy the dip while earning passive income., The Deri Adventure program is launched to recognize and encourage community members who contributed to the development of the Deri protocol, 109k DERI tokens were burned to dead address in August., A.Project Progress Deri Protocol’s total trading volume exceeds $30,000,000,000 Deri Protocol Ecosystem welcomes a new community Dapp: Dip Hunter. Compared with CEX, Dip Hunter helps people to buy the dip while earning passive income. ETHUSD-2000-C/DERI,ETHUSD-2000-P/DERI,BNBUSD/DERI, SHIBUSDT/DERI are live for trading on Deri. People can now use DERI tokens to trade these everlasting options and perpetual futures. AVAX is added on Bet It. Multi-languages: Russian is now live on deri.io. Powers market has been migrated from Inno pool to main pool on BNBChain in order for capital efficiency improvement. B. Ecosystem/Community Deri Protocol has launched its long-term community campaign: Deri Adventure. As part of the campaign, participants can earn XP for leveling up by completing various tasks. In addition, participants will receive corresponding rewards.. The campaign aims to introduce Deri Protocol step by step in a fun and casual way. Enter: deri.crew3.xyz Deri Protocol ranks 2nd in top-20 security lea...
Notice on adjusting DPMM parameters
Deri V3 has been running smoothly for over half a year. Based on our ongoing observations, some of the initial parameters were set to be conservative. We will make a series of changes to balance the parameters for liquidity providers and traders. The “sensitivity parameter” of the Futures DPMM will be adjusted. This parameter was set to be conservative when Deri V3 was deployed. Now with Deri V3 being live for over half a year, it is time to adjust this parameter to the normal level. After the change, the futures will have smaller slippage., The margin requirement of the Main Pool on the BNB Chain will be decreased by 50%, to be the same level as that on Arbitrum. Again, the margin requirement of this pool was set to be conservative when it was launched. And now it is time to adjust it to a more proper level., The min Initial Magin parameter (0.5%) in the everlasting options will be dropped. This parameter was also in place to be conservative when everlasting options went online. Now it is time to drop this protecting parameter. After the change, the far-out-of-money options will require less initial margin., The everlasting option will switch to a simpler transaction fee rule no longer differentiating ITM and OTM options. The transaction fee of one unit of option is 0.1% of the notional value (for OTM and ITM) but can never be higher than 5% of the Mark price. Namely, transaction fee = min(0.1% * Notional Value, 5% * M...
The Arbitrum network will be upgraded on August 31, 2022, at 2:30 PM UTC. As part of this upgrade, there will be some expected downtime. The official announcement on this can be found here. While the Deri protocol should handle the downtime automatically, as a precaution, the Deri Protocol will be temporarily suspended from August 31st, 2:00 PM before the upgrade begins. Once the migration is completed, we will check that everything is running fine and resume the Deri Protocol afterward. Note that during downtime, transactions cannot be sent on Arbitrum, and data may not be available. This means that information may not fully load on Deri pages and positions on Arbitrum cannot be closed during the downtime. There is the possibility of variable price movements of on-chain assets during this downtime. We recommend traders create action plans, suited to their portfolio, that will address possible price movements. No impact to liquidity providers on the Deri Protocol. Your funds are safu! Trading on BNBChain will continue as normal during this time. We will be taking the following steps to notify users about this downtime: 29 Aug 2022: Notification on Deri site and social channels about downtime 30 Aug 2022: Reminder notification on social channels 31 Aug 2022: Arbitrum Nitro upgrade, notification on social channels when the upgrade begins and when it completes — About Deri Protocol - Deri, your option, your future! ...
Community Building Through the DERI Masters’ Adventure System
Deri Protocol has been built to be a user-friendly, crypto-native, and powerful derivative trading protocol. We can’t succeed without the immense support of the community. In order to recognize and encourage those who contributed to the development of our project, we are currently announcing the DERI Masters’ Adventure System. The DERI Masters’ Adventure System consists of 2 parts: Level up system, Masters’ Adventure Program, Entrance: deri.crew3.xyz — Level up system - On our Discord channels, we are implementing a level-up system that will assist you in gaining the experience points (XP) required to join particular adventures. You can level up by earning XP: Gain XP for the messages you send in the general chat of our Discord., You can earn bonus XP by liking and retweeting our tweets, tagging @DeriProtocol in your posts and using the #DeriProtocol tag when talking about us on Twitter, You can also earn bonus XP by inviting friends to join our discord, You can check your level in crew3, You will be eligible for a weekly lucky draw when you reach levels 5, 10, 15, 20, etc, Weekly rewards pool: $50 for 5 lucky winners, The rules are as follows: No fighting!, No spamming or FUD, otherwise your DC will be deducted, Please prevent spamming, you have plenty of time to level up!, All channels will be on 5-second slow mode, Here are some ideas to engage in conversation: Crypto: Discuss anything crypto-...
BNBUSD /DERI & SHIBUSDT /DERI Listed on Deri Protocol
BNBUSD /DERI & SHIBUSDT /DERI Perpetual Futures are open for trading in Deri Protocol on BNB Chain. BNBUSD /DERI: deri.io SHIBUSDT /DERI: 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. Website | Twitter | Github | Telegram| Discor
Delisting DOGEUSDT & GMTUSDT Perpetual Futures
Deri Protocol will delist the DOGEUSDT & GMTUSDT Perpetual Futures. Step 1: DOGEUSDT & GMTUSDT enter into close mode. Step 2: Deri delists DOGEUSDT & GMTUSDT from the active trading symbol list. Traders can only close positions on deri.io Step 3: Deri Protocol will delist the DOGEUSDT & GMTUSDT perpetual futures when all the positions are closed by traders. — 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. Website | Twitter | Github | Telegram| Discor
ETHUSD-2000-C /DERI & ETHUSD-2000-P /DERI Listed on Deri Protocol
ETHUSD-2000-C /DERI & ETHUSD-2000-P /DERI Everlasting Options are open for trading in Deri Protocol on BNB Chain. ETHUSD-2000-C /DERI: deri.io ETHUSD-2000-P /DERI: deri.io Everlasting Options Specs: Symbols: ETHUSD-2000-C /DERI、ETHUSD-2000-P /DERI Base tokens on BNBChain: BUSD, USDC, USDT, XVS, BNB, BTCB, ETH, LTC, SXP, XRP, DOT, LINK, DAI, ADA, CAKE, TUSD, TRX, MATIC — 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. Website | Twitter | Github | Telegram| Discor
More Deri Protocol (#DERI) News
|Binance Labs + BNB Chain now accepting applications for the 5th MVB Acce...
Most Valuable Builder (MVB) Accelerator Program, the incubation program designed to support builders on BNB Chain, a community-driven and decentralized blockchain, is now accepting applications from projects for its fifth cohort: Uncharted Territory.
MVB is the program behind several successful projects on BNB Chain such as MCDEX, Biswap, Deri Protocol, and WOO Network. MVB V seeks to support projects with a defined vision, plan, and team.
There will be two pools in the program: incubation and investment. Any selected projects will be guaranteed 6-8 weeks of a curriculum including mentorships and fireside chats with market leaders.
BNB Chain is the largest smart contract blockchain in terms of transaction volume and active users.
The ecosystem has more than 1,300 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, NFT, and more.
Since its launch in 2020, BNB Chain has processed more than 3 billion transactions from 163 million unique addresses, reaching a daily transaction all-time high (ATH) of 16.26 million in November 2021.
“MVB V will attract a wide range of developers across key segments such as infrastructure, DeFi, GameFi, SocialFi, and Metaverse, driving project development and innovation within the BNB Chain ecosystem. It connects founders with our extensive network of industry leaders and investors in the crypto space, and makes it possible for current and future cohort-mates to collaborate closely. Overall, MVB strives to offer ...