Former Babel Finance CEO Del Wangs new project Dederi is launched on Arbitrum

Odaily News According to official news, the decentralized derivatives protocol Dederi v1.0 (dederi.io) was launched on Arbitrum One on June 17, and professional traders were invited to participate in the trial operation. The Dederi protocol aims to establish a professional-level decentralized derivatives trading clearing and settlement infrastructure. Currently, v1.0 can support USDC as collateral for BTC/ETH futures and options trading. At the same time, the Dederi protocol also supports combined margin trading of 8 different derivatives 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 casting, transfer and destruction of NFTs, which also lays 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. It is reported that Dederi was created by former Babel Finance CEO Del Wang in September 2023, and published its white paper and launched Testnet in March 2024. As of now, Dederi has received US$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.