🎉Good news! Dederi v1.0, a decentralized derivatives protocol, was launched on Arbitrum One on June 17, and professional traders are 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. 🚀

What's more exciting is that the Dederi protocol supports combined margin trading of 8 different derivatives positions, and also supports complex functions such as position merging/splitting of different strategies. The ownership of a single strategy is completed through the casting, transfer and destruction of NFTs, laying the foundation for the further circulation of single or combined positions (structured products) of derivatives. 👏

In addition, Dederi also launched two application products at the same time, Dederi RFQ, a quotation tool for over-the-counter trading of crypto derivatives, and Dederi Builder, a combined position building tool. Dederi was founded by former Babel Finance CEO Del Wang in September 2023 and has received $8 million in seed investment from multiple investors. It 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. We are full of expectations for the future of Bitcoin! 🌟