According to BlockBeats, on June 17, the decentralized derivatives protocol Dederi v1.0 was launched on Arbitrum One and professional traders were invited to participate in the trial operation. The Dederi protocol aims to establish a professional-grade clearing and settlement infrastructure for decentralized derivatives trading. Currently, v1.0 can support BTC/ETH futures and options trading with USDC as collateral.
The Dederi protocol also supports combined margin trading of 8 different derivative positions in a single strategy, and supports complex functions such as position merging/splitting of different strategies. The ownership of a single strategy is completed through the minting, transfer and destruction of NFTs, which also lays the foundation for the further circulation of single or combined derivative positions (structured products).
In addition, Dederi has also launched two application products, Dederi RFQ, a quote tool for over-the-counter trading of crypto derivatives, and Dederi Builder, a portfolio position building tool. Dederi was founded by former Babel Finance CEO Del Wang in September 2023, and published a white paper and launched Testnet in March 2024. So far, Dederi has received $8 million in seed investment from multiple investors, and plans to announce the token model in the third quarter of 2024, and launch the Dederi v2.0 protocol and more application products in the fourth quarter.
