Deri Protocol V2 launches on Polygon Deri's derivatives man | DeFi Protocol

Deri Protocol V2 launches on Polygon

Deri's derivatives management protocol has begun the transition phase to Polygon, which provides enhanced accessibility with faster confirmations and lower gas fees for Deri V2 users.

"We believe the launch of Polygon will expand Deri's capabilities to more users and add value to the entire Deri ecosystem. LPs on Deri's Ethereum pools can now move liquidity from Deri V1 on Ethereum to Deri V2 on Polygon to enjoy smoothness and lower costs," Deri developers said in a statement.

Deri Protocol (DERI) is a decentralized protocol that allows users to exchange risk accurately and efficiently. It is DeFi's way of trading derivatives: hedging, speculation, arbitrage - all onchain. This is achieved by having liquidity pools act as counterparties for users.