DIVΞR’s DIGEST #6
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 📰
❇️ $DIVER Listing on Gate.io Exchange
The Gate.io exchange launched DIVER/USDC trading on Dec 10 after $DIVER won the recent listing vote.
❇️$DIVER Listing on MEXC Exchange
The MEXC exchange launched trading for the $DIVER/USDT pair on Dec 10. As part of the launch, MEXC is giving out 55,555 $DIVER in a trading competition.
❇️ Divergence Dive Bar
We’ve added our pre-staking program (30% APR) to our Dive Bar earlier this week, for those of you who are interested in a single token staking experience, feel free to jump in here! Also our Sushiswap onsen farming is still ongoing with 100% APR.
👀Upcoming👀
❇️ Christmas Campaign with ProjectGalaxy
With Christmas drawing near, we are joining forces with Project Galaxy to run a gift campaign where eligible users will be able to mint a specially tailored NFT. We will be announcing the details on this very soon, stay tuned!
❇️ New Product Structure
The team is working on improving the product structure on multiple fronts. First and foremost, the bonding curve is being optimized to improve pricing efficiency. Also, new approaches are being explored to improve the LP’ing experience, including ways to reward LPs based on their liquidity uptime. The term structures of the options offerings are an area of ongoing research and some possible updates are pending.
❇️ Introduction of Diver Shield NFTs
Since we launched the Spear NFTs in November, the community has been eager for our next NFT drop. We’ve spent some time with our community designer and are soon going to introduce our Shield NFTs as the latest edition to the series.
Similar to before, the new Shield NFTs are also going to be offered as a special gift for those using our product, more details will follow once we release our next product version.
📊Crypto Options Market News📊
❇️ Open interest for Ethereum options on the top crypto exchanges crossed $7.5 billion, showed a growth of 114% since September 28 : $3.5B → $7.5B.
❇️ Given the unease leading up to FOMC, Option flows were surprisingly light, IV firmed only fractionally, Skew was benign.
❇️ CME Bitcoin futures (BTC) celebrate their fourth anniversary.
🦃 Miscellaneous 🦃
Binary Options Trading For Beginners Series:
🌊La Niña Just Raised Sea Levels In The Western Pacific By Up To 20cm:
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.
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