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Deri Protocol Unveils Deri V4 to Boost Innovation in DeFi Derivatives

source-logo  blockchainreporter.net 01 November 2023 15:00, UTC

Deri Protocol is offering Deri V4, a major development in decentralized derivative trading. Deri V4’s public testnet is expected to transform the DeFi derivatives market with its innovative design, features, and user experience.

Deri V4 Redefines User Experience with i-chain and d-chain Architecture

Deri V4 marks a major milestone in the Deri system roadmap, which aims to create a decentralized derivative trading system that works across numerous chains. This program aims to improve DeFi derivatives market inclusivity, capital efficiency, and user experience. This will be done by using the xDapp notion, which is scalable and flexible.

The novel architectural design of Deri V4’s requesting interface (i-chain) and executive engine (d-chain) sets it apart. Two sets of intelligent contracts represent these components. The i-chain is the main user interface, handling numerous requests.

Requests are sent to the decentralized chain on a specific blockchain. We process all requests to ensure a smooth trading experience. Deri V4 allows traders to access many networks without bridging tokens. This results in a standardized trading experience that lets traders focus on transactions rather than network concerns.

Deri Protocol V4 Expands Trading Opportunities with More Symbols

Deri V4 may combine liquidity from multiple supported networks into one pool, a major benefit. Consolidation gives traders access to larger, more resilient markets, minimizing fragmentation and slippage. Multiple networks allow traders to efficiently execute orders and boost liquidity.

Executing the primary logic on Deri’s Layer 3 (L3) infrastructure speeds up V4 trading and lowers gas prices. This improves transaction processing times, speeding up order execution and trade settlements. The drop in gas prices allows dealers to trade futures without expensive fees.

The Deri V4 platform adds trading symbols, increasing Everlasting Options strike options. This adaptability lets traders precisely adjust their approaches and seek more trading chances.

Deri V4 positions the DERI token as a foundational token, benefiting liquidity providers (LPs) and traders. Liquidity providers (LPs) can stake DERI tokens to gain rewards and incentives. This helps LPs and the ecosystem grow. DERI tokens are essential to the Deri Protocol ecosystem because traders can use them as collateral for derivative trading across assets.

Deri V4 improves decentralized derivatives trading with a more comprehensive, simplified, and user-friendly interface. The launch of Deri V4 on the public testnet shows Deri Protocol’s commitment to decentralized finance (DeFi) excellence.

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