Derify Protocol End Of Year Report: 2022 Deep Dive

With 2022 drawing to a close, it’s time to look back over the past year, and what a year it has been! The wider crypto market has had a tough time with some of the biggest names in the industry falling.

During these bearish times, the strongest projects have continued building and are looking forward to moving into 2023 with bigger and better products.

Product innovation & development

Derify has achieved a big milestone in October. The Mainnet has been launched since 10/12/2022. Afterwards, we discussed with the community regarding the airdrop plan and finalized it through the Derify DAO procedure. Currently, $DRF airdrop is ongoing (Part B) according to the airdrop plan and we appreciate those who support us along our developments. In addition, we leveraged the power of other DAO and welcomed those who came onboard recently to help us better build up the Derify DAO.

It is super easy to participate. Open a position using leverage (try to maximize your position to gain a larger share of $DRF airdrop), hold it and wait for a while. The sooner you open and hold a position, the more rewards you will get. The APY is amazing, up to thousands of percent. Please be aware that if your position is too small, you might not gain rewards. For details, please refer to the FAQ doc.

DAO

We had our unique vision and expectation for the development of Derify DAO. Here in Medium, I published a paper regarding our DAO philosophy. For more details, please read the article and you are more than welcome to discuss with us in Discord channels.

To enable more users to participate in our DAO, we passed a proposal 001 that staked 2 million $DRF to mint eDRF for free airdrop.

Revamped UX and UI

Derify Protocol test users who have traded on the platform over the last year have noticed the incremental improvement to user experience and interface.

Looking Forward to 2023

In 2023, we are determined to continue working hard to put Deri Protocol on the map when trading crypto derivatives. We will continue to listen, care and improve for our users.

We wish everyone health and wealth in 2023. Happy New Year!

Important Links & Docs:

Audit Report: https://www.certik.com/projects/derify-protocol

Website: https://derify.finance/

Whitepaper: https://docs.derify.finance/whitepaper/introduction

Tokenomics: https://docs.derify.finance/whitepaper/tokenomics

Twitter: https://twitter.com/DerifyProtocol

Github: https://github.com/derivationlab

Telegram: https://t.me/derifyprotocol_official

Discord: https://discord.com/invite/kSR6tz2pdm

You are more than welcome to share/like/comment this article. For the better future of DeFi!

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