The market is volatile and suitable for mining. Use the coins in your hand to mine and increase your chips.
Continue to dig good mines to allow assets to flow and capital to increase in value.
Recently, I discovered an interesting mine called DERI Protocol . The stable currency single currency mining APY accounted for 149%, a DeFi for decentralized derivatives.
1. DERI mining, stable currency white prostitution
D ERI is carried TVL competition, support ETH, the BSC, H ECO mining on the three chains to support the currency has: USDT on the ETH AAVE SUSHI ; BNB on the BSC CAKE BUSD AUTO ; HECO HT MDX HUSD and so on .
As for the annualized income, you can log in to the website to check in real time. At the time of writing, the annual yield of stablecoins is considered high in mining.
From the perspective of APY, DERI 's single currency pledge mining rate is good. At the same time, DERI has been included in the Sushiswap Onsen project, and DERI/USDT SLP can be used to obtain SUSHI and DERI rewards at the same time, that is, 2 pools can be double-mined. Of course, pool 2 is risky, and participation needs to be cautious.
From the perspective of mining time, DERI started the liquidity pre-mining of the ETH, BSC, and HECO three chains from February 9th, and the continuity is quite strong. There are not many mines with high APY and durability. Among them, the lock-up amount of the three stable coins USDT HUSD BUSD is about 25 million US dollars, which is not a small mine. It is still very good to hold stable coins to mine.
So what exactly is DERI? Can it be so durable and high interest rates?
2. What is DERI? Decentralized perpetual contract
What kind of story does DERI tell?
DERI is the abbreviation of Derivative , which is a trading derivative track on the blockchain. On the derivatives track, there are synthetic assets and futures options trading. DERI is positioned to decentralize the perpetual contract trading market. According to the DERI website, it can be opened up to 10 times.
On the decentralized perpetual contract trading track, according to chain news statistics, since 2020, DerivaDEX, dYdX, Futureswap, Injective Protocol, MCDEX, Strike Protocol, Perp.fi and other DEX platforms have successively announced the launch of decentralized permanent contracts. Renew contract trading market. Different designs have been adopted in dimensions such as free trading mode, contract mechanism, product specifications and infrastructure, each with its own characteristics and strengths.
So what are the characteristics of DERI for the same perpetual contract on DeFi?
The most obvious difference is that DERI starts pre-mining on the three chains (HECO, BSC, ETH) at the same time, not just on the ETH chain.
DERI this agreement itself what are the characteristics of it? According to the information found, there are:
1) Composability: Positions are tokenized into non-fungible tokens (NFT), and users can hold and transfer position tokens in their own wallets, and they can also easily import position tokens to others DeFi projects are used as their basic components to meet their own financial needs (that is, as a happy module of their own projects);
2) Openness: Anyone can start a liquidity pool based on any standard currency (but usually a stable currency) based on any transaction or transaction object. The DERI agreement does not force users to use any specific "home chips";
3) Ease of use: The transaction process of the DERI protocol is very simple and convenient.
These characteristics are more professional terms. For decentralized perpetual contracts, the track itself is a big narrative, and the story is very imaginative. After all, the market for derivatives is very large .
For example, in 2016, BitMEX launched the digital currency perpetual contract for the first time, and the platform quickly emerged as a magic weapon for the world's largest derivatives trading platform. Since then, Binance, Huobi, OKEx, Bybit, FTX, etc. have successively launched perpetual contract products.
In DeFi, although there are many decentralized perpetual contracts, so far there is no absolute king, which means that everyone has a chance. Of course, the perp data on the ETH chain performed well, but on BSC and heco, it was still relatively blank.
Under the grand narrative of decentralized perpetual contracts, the next step is to look at the data performance of each company. However, DERI's perpetual contract data has not been found, and it may still be in the narrative stage.
As for the future, it depends on product performance. Now mining DERI, either digs and sells, and locks in profits in time. After all, the mining APY of stablecoins is quite high; or dig it out and wait for the performance of DERI products, looking forward to appreciation.
However, DERI started mining on the three chains at the same time, but the DERI token is still on the ETH chain, so the DRI mined is also on ETH, and it is said that it is stepping up to get DERI tokens on BSC and heco.