Decentralized derivatives trading platform Deri Protocol launches on Arbitrum Rinkeby testnet
The decentralized derivatives trading platform Deri Protocol officially announced that it has launched on the Arbitrum Rinkeby testnet in preparation for running on the Ethereum layer 2 scaling solution Arbitrum. The integration with Arbitrum will mean that Deri can provide faster transaction speeds, lower gas fees, and a smoother user experience.
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The decentralized derivative trading platform Deri Protocol has officially announced the launch of the Arbitrum Rinkeby testnet, preparing for future operation on the Arbitrum Ethereum Layer 2 scaling solution. The integration with Arbitrum will mean that Deri can provide faster transaction speeds, lower gas fees, and a smoother user experience.
Deri Protocol is a decentralized DeFi derivative trading platform that currently offers perpetual futures, perpetual options, and Powers. The protocol's main feature is the introduction of the DPMM mechanism for market-making, where user positions are marked as NFTs, allowing for high composability with other DeFi projects.
🌈Deri Protocol is coming to @Arbitrum!
From improved capital efficiency to enhanced decentralized derivatives #trading, the @DeriProtocol offers ground-breaking new capabilities.
Read more about Deri Protocol in the thread below, or visit https://t.co/0af935QPCr to dive in! pic.twitter.com/f23mZ6YcyV
— Deri Protocol (@DeriProtocol) April 25, 2022