DIVΞR’s DIGEST #5
Ahoy there and welcome to Diver’s Digest, the official newsletter of the Divergence Protocol. Y’all ready? Let’s dive in:
🚨Frenly reminder🚨
There are STILL DIVΞR Spear NFTs remaining to be claimed by our Mock Options Battle participants & LBP contributors. If you haven’t already, check to see if you’ve won the lucky draw. https://galaxy.eco/divergence/
📰 News 📰
❇️ DIVΞRs, Onsen に行きましょう (2x Boosted LP Pool) on SushiSwap
On Nov 25, we launched our USDC-DIVER 2x boosted LP pool on SushiSwap’s Onsen. The APY is currently 99% paid out in a combination of $SUSHI + $DIVER.
❇️Launch of the Divergence Dive Bar
This past week, we launched our Dive Bar, a section on our website where all opportunities to generate yield on your $DIVER will be displayed. Currently there is only the Onsen LP Pool but there will be more opportunities soon. 👀
❇️ Partnership With InsureDAO
We’re happy to announce that Divergence is joining as a launch partner to InsureDAOs upcoming launch! With this partnership, binary option pools on Divergence will be insured by underwriters on InsureDAO.
❇️ Sneak Peek Into our New Trade Page
The team has been working on some cool UI/UX ideas with our designer. A sneak peek into our new trade page, with its new “pro” and “easy” modes has been shared on social media.
👀Upcoming👀
❇️ Expansion of Our Liquidity Venue
Yes, the time has come for us to gradually expand our liquidity venues. We’re currently in talks with several exchanges regarding collaboration and will prioritize 1–2 in the short term while we continue speaking to others as we work towards launching our Mainnet. The community will very soon be hearing an update on this.
❇️ Updated Options Bonding Curve
The last couple of weeks have been busy as we were actively working to optimize our options bonding curve in response to some issues that emerged during our testnet trading competition.
The team is currently testing a new bonding curve possibility — once proven workable, we will update the smart contract & code base and send it out to auditors for review. The community will also get a chance to try it out in our next product version :)
We understand the expectations from all of you guys that are eager for the launch, yet launching a derivative platform, and the first-ever AMM-based binary options DEX requires stringent testing and prudence, thus we’re taking a more conservative approach rather than a launch with a rush.
❇️ Pro Trade Mode Coming to the Beta & Mainnet products
Aside from the options bonding curve, we’re also working non-stop on our UI/UX with our designer to further simplify the user experience. After discussing with multiple traders and community members, the next beta version will also come with a better UI: a pro mode will be introduced to better serve professional traders, whereas a simple mode will feature an even more prediction market-like experience for retail traders.
❇️ Token Unlocks
We always maintain transparency with the community and token holders. According to our unlock schedule for early-stage investors, there will be approximately 30m $DIVER ( 3% of the total supply) being unlocked at the end of this year. For those of you that are more trading-driven, this is probably something that should fall under your notes.
Details can be found out here：https://docs.divergence-protocol.com/diver-token/token-economics/token-release-schedules)
📊Crypto Options Market News📊
❇️Post breakdown summary from Tony Stewart
❇️ Bearish spot price activity is blowing out IV… BTC Term structure is in backwardation… First time in a long time.
🦃 Miscellaneous 🦃
Binary Options Trading For Beginners Series:
🌊Rising sea levels threaten the lives and livelihood of those on a fragile U.S. coast:
About Divergence
Divergence is a decentralized platform for hedging, trading DeFi-native asset volatility, with its flagship product being an AMM-based marketplace trading synthetic binary options.
Follow Us
🔔Website: https://www.divergence-protocol.com/
💬Telegram: https://t.me/divergenceprotocol
🚀Twitter: https://twitter.com/divergencedefi
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