Former Babel Finance CEO Del Wang's new project Dederi has launched on Arbitrum, inviting professional traders to participate in the trial operation. Dederi v1.0 is a decentralized derivatives protocol that went live on Arbitrum One on June 17th, supporting BTC/ETH futures and options trading collateralized with USDC. The protocol offers features such as composite margin trading, position merging/splitting, and manages strategy ownership through NFTs. Dederi has also introduced the Dederi RFQ for quote tool and the Dederi Builder for composite position construction tool. Del Wang founded Dederi in September 2023, launched the Testnet in March 2024, secured an $8 million seed investment, plans to unveil the token model in the third quarter of 2024, and release Dederi v2.0 and more application products in the fourth quarter.

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According to official sources, the decentralized derivative protocol Dederi v1.0 (dederi.io) was launched on Arbitrum One on June 17th, inviting professional traders to participate in the trial operation. The Dederi protocol aims to establish a professional decentralized derivative trading and clearing infrastructure. Currently, v1.0 supports BTC/ETH futures and options trading with USDC as collateral. The Dederi protocol also supports the combination of eight different derivative positions in a single strategy with margin trading, as well as complex functions such as position merging/splitting for different strategies. Ownership of a single strategy is achieved through the minting, transfer, and burning of NFTs, laying the foundation for further circulation of derivative single or combined positions (structured products). Additionally, Dederi has launched two application products: Dederi RFQ for encrypted derivative OTC trading quotes and Dederi Builder for constructing combined positions. Dederi was founded by the former Babel Finance CEO Del Wang in September 2023, and the whitepaper was released in March 2024 with the Testnet going live. As of now, Dederi has received $8 million in seed funding from multiple investors and plans to announce the token model in the third quarter of 2024, launch the Dederi v2.0 protocol and more application products in the fourth quarter of 2024.

Dederi, founded by former Babel Finance CEO Del Wang, has launched on Arbitrum and is inviting professional traders to trial operations.