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