DIVΞR’s DIGEST #7
Ahoy there and welcome to Diver’s Digest, the official newsletter of the Divergence Protocol. Y’all ready? Let’s dive in:
📰 News 📰
❇️End of Holiday Treasure Hunt
Between Dec 22 — Jan 5, Divergence, in conjunction with Project Galaxy, held a promotion where anyone who traded $DIVER on SushiSwap during this period became eligible for a special holiday NFT. 7079 NFTs have been minted to date.
https://galaxy.eco/divergence/campaign/GCzc8UUBwB
❇️Divergence 2021 Year-End Review
On Dec 31, we released our year-end review titled “A Year in Buildl” where we outlined what has been accomplished so far, where we currently stand, and what to expect in the future.
TLDR: 2022 will be a big year, both for options & structured products and for Divergence.
👀Upcoming👀
❇️ New Beta Version with Updated Product Structures
The team is finalizing the updated technical structure for our binary options marketplace and have started updating the codebase in preparation for the next beta version.
The new version will better serve traders and market makers and give room for advanced options strategies. We can’t wait to share with the community all the details and will update our public documentation in the coming weeks :)
❇️ Code Optimizations and New Audit
Security is a priority for Divergence. With the new technical structure coming to our codebase, a new round of smart contract audits is being scheduled and a public bug bounty with whitehats is being prepared.
❇️ New NFTs & Incentive Programs
The team is working with our community designers on our non-fungible shields to be distributed to our community. As we mentioned in our year-end review, “DeFi can be gamefiable” and NFTs can be more than just a user loyalty program in DeFi, they will be important components in our incentive system.
📊Crypto Options Market News📊
❇️ Crypto Implied Vol (the cost of Options) hit a 1year low. Existing Defi-Option Vaults (DOVs) have been noted as volatility sellers.
❇️ BTC and ETH long-dated implied vols are plumbing multi-year lows. What is causing this and where do we go from here?
🤿 Miscellaneous 🤿
Binary Options Trading For Beginners Series
🌊Collapse of Florida-sized glacier may happen soon, raising sea levels and threatening coastal cities
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
📢Telegram Announcements: https://t.me/divergenceannouncement
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