We’re working on some fresh UI/UX ideas at the same time and an improved trading page is going to meet everyone in our next beta version https://twitter.com/divergencedefi/status/1467856856093581319

DIVΞR's DIGEST #5（🤿,🤿）
Ahoy there and welcome to Diver's Digest, the official newsletter of the Divergence Protocol, covering week Nov 22 – Dec 6.

🚨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
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
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 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📊
❇️ 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

🗳 Gate.io Listing Vote #243 - Divergence Protocol (DIVER)

⏰ Period: 9th DECEMBER 08:00 AM — 10th DECEMBER 06:00 AM (UTC)

📫 Voting Rules: All the 14 days Average GT hold user can vote [ 1 GT = 1 Vote ]
🟢 Eligibility: Every KYC participant can vote with his GT for the project.

💵 Including Mega Rewards:
🔸 Vote for DIVER to enjoy a 30,670 DIVER ($5,000) Airdrop
🔸 First 600 Deposit users to Share 18,400 DIVER ($3,000) Airdrop
— [ Minimum need to deposit at least 2,450 DIVER ]
🔸 New User Airdrop, 12,270 DIVER ($2,000) to be Won
— [ Fill the Form to Receive the Airdrop: https://www.gate.io/en/questionnaire/1163?ch=formDIVER ]
🔸 Invite Friends, Win 12,270 DIVER ($2,000) Mega Reward
🔸 6,130 DIVER ($1,000) for Twitter Giveaway

🤑 Divergence Protocol (DIVER) Bonanza week that $13,000 DIVER giveaway benefit is waiting for you — https://www.gate.io/article/24191

📊 DIVER #Voting Link:
— https://www.gate.io/poll/votelist/263

DIVΞR's DIGEST #6（🤿,🤿）
Ahoy there and welcome to Diver’s Digest, the official newsletter of the Divergence Protocol, covering week of Dec 7— Dec 20.

🚨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.

Like 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.
https://twitter.com/CryptoRank_io/status/1470747715822931976

❇️ Given the unease leading up to FOMC, Option flows were surprisingly light, IV firmed only fractionally, Skew was benign.
https://twitter.com/DeribitInsights/status/1471819173823225862

❇️ CME Bitcoin futures (BTC) celebrate their fourth anniversary.
https://twitter.com/CMEGroup/status/1471961651855470599


🦃 Miscellaneous 🦃
🚀Binary Options Trading For Beginners Series
(https://www.youtube.com/watch?v=B0N35uDgKMo&t=3s)

🌊Rising sea levels threaten the lives and livelihood of those on a fragile U.S. coast (https://www.npr.org/2021/11/07/1051529051/rising-sea-levels-climate-change-south-carolina-coast)

Launching a 2-month DIVER/USDT farming program with Gate.io, currently 340% APR https://twitter.com/gate_io/status/1472941122729168899

Dear All

2021 saw the massive growth of Divergence and set a remarkable beginning for our journey to build the decentralized market for volatility - a liquid and composable on-chain derivatives exchange for DeFi primitives.

In the six months since we shared our vision, we have released two iterations of our upcoming DEX. Our beta version was first deployed on Ethereum Kovan and later on Arbitrum Rinkeby. Taking a look at the numbers, we've had:

1️⃣ $420m in cumulative notional volume recorded in the two-week mock trading battle of our beta on Arbitrum Rinkeby where close to 1500 traders participated.

2️⃣1,400+ unique wallet addresses registered and participated in our Ethereum Kovan beta testing. $2.4m notional volume was generated in less than a week.

3️⃣5700+ unique wallet addresses become $DIVER token holders since they were released at the end of September.

4️⃣3,000+ NFTs from our specially designed series with Project Galaxy have been distributed.

We are grateful to everyone who shares in our vision and appreciate the strong support from a diverse community of everyday users and institutions.

We’re dedicated to realizing the vision and will keep innovating and moving forward in the year to come.

https://twitter.com/divergencedefi/status/1476962331502395394

Sincerely,
Divergence Team

DIVΞR's DIGEST #7（🤿,🤿）
Ahoy there and welcome to Diver’s Digest, the official newsletter of the Divergence Protocol, covering week of Jan 3— Jan 17.


📰 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.

❇️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 big, 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.
https://twitter.com/DeribitInsights/status/1482805604590759937

❇️ BTC and ETH long-dated implied vols are plumbing multi-year lows. What is causing this and where do we go from here?
https://twitter.com/joshua_j_lim/status/1482144102816882690


🦃 Miscellaneous 🦃
Binary Options Trading For Beginners Series:
https://www.youtube.com/watch?v=B0N35uDgKMo&list=PL5UcgGBpMYPqBJwGqo-5xkpPHftJyTaTT

🌊Collapse of Florida-sized glacier may happen soon, raising sea levels and threatening coastal cities:
https://www.usatoday.com/story/news/world/2021/12/16/antarctica-glacier-collapse-raise-sea-levels/8924940002/

How will you deal with bottom? Speak out 🗣 https://twitter.com/divergencedefi/status/1487303044446375938?s=21

DIVΞR's DIGEST #8（🤿,🤿）
Ahoy there and welcome to Diver’s Digest, the official newsletter of the Divergence Protocol, covering week of Jan 18— Jan 31.


📰 News 📰
❇️ HODL & Earn Campaign on Gate.io
“Lock $DIVER & Earn #2” launched at 8:00 UTC on Jan 28th in Gate.io’s “HODL & Earn” section. This farm will run for 14 days and has an APR of 100%.

❇️Compose Long & Short Standard Vanilla Options on Divergence
What we buidl now are binary options, but you can turn them into vanillas by combining Asset-Or-Nothing or Cash-Or-Nothing binary options on Divergence.

❇️Dealing with Bottom using Options
If you believe the bottom is near, how would you deal with it? Well, probably different people will have different answers, cough, not financial advice, always do your own research :)


👀Developments👀
Over the last two weeks, the team has been focused primarily on coding now that we’ve finalized the new technical structure. It may still take a few weeks before completion and releasing our next beta, but when it comes, a new trading competition will also be launched.

❇️ Interface Improvements
We’re in the process of shipping a new homepage for Divergence and have been re-designing a couple of interface pages for the product. With the new technical structure, liquidity provision & options selling will be a different experience compared to the past.

In order to provide in-depth data to traders and market makers for better decision-making, we’re also adding a new subpage that summarizes the transaction and liquidity history of each binary options pool.

❇️ Weekly Options Educational Contents
The new product structure the team is working on will give room for more advanced options strategies which we have touched upon lately. In order to familiarize the community with all the different types of strategies that Divergence is capable of offering, we will be releasing more educational videos on our YouTube channel. You can check below for explainers on Asset-or-Nothing and Cash-or-Nothing options.

❇️ Contributor & Reward Programs
As a community-oriented project, we appreciate all the contributions from the community and we want your support to be properly rewarded. We’re in the process of finalizing a contributor program to be kicked off once we launch, and are looking for ideas around product, tooling, data analytics, and trading strategies.


📊Crypto Options Market News📊
❇️ BTC options’ skew continued to decline, while the ETH far-month futures premium fell below 5% for the first time after delivery on January 28.
https://twitter.com/Blofin1/status/1487100692770979845

❇️ “Find smart ways to get long vol. given spot uncertainty and the relatively cheap IV environment”
https://genesisvolatility.substack.com/p/crypto-options-analytics-jan-30th

❇️ In BTC, call options remain its larger proportion at 63% of options traded. 24Jun 40k vs 60k call spread was the most dominant with about 1300x traded.
https://twitter.com/tradeparadigm/status/1487798478432399361


🦃 Miscellaneous 🦃
Asset-or-Nothing & Cash-or-Nothing Calls Explained
https://youtu.be/W-CxXh1JQyE

Asset-or-Nothing & Cash-or-Nothing Put Explained
https://youtu.be/y4IhQmt-fR0

🌊Rising Sea-Levels May Have Forced Vikings to Leave Greenland, Shows Study
https://weather.com/en-IN/india/science/news/2022-01-17-rising-sea-levels-may-have-forced-vikings-to-leave-greenland

🤖 gm divers!🤖

We know it’s been long since our last update. For the past a few months, the team have been heads down working on our new AMM and the codes. While it will still be sometime before everyone sees the full new version and try it out, we’d love to share with the community the significant progress we’ve had, now.


COMING UP 👁

Technical Paper 🔥
The team managed to develop a new AMM for binary options, which we mentioned would significantly improve capital efficiency and risk-return relationships for LPs. We’ll be releasing a technical paper and discussing our unique approach in due time.
STATUS: FINISHING UP

New Website & Landing Page 👀
We are working to redesign our website so that it feels more intuitive and inclusive. With our front-end design team, we’ve incorporated changes so that it’ll be easier to navigate through and browse different features of our product.
STATUS: FINISHING UP


IN THE WORKS ✍️

Smart Contract ⚙️
After finalizing the new AMM for binary options, our dev team has been working non-stop on coding. We’re now at the final yard of completion and will continue to perform rounds of internal tests before handling it over to auditors.
STATUS: FINISHING UP

App UI/UX 🗿
With the new AMM for binary options, liquidity provision would be different compared to that in our previous V1 version. With our front-end design team, we’ve incorporated changes that will greatly simplify the whole user experience interacting with the platform.
STATUS: IN DEVELOPMENT

Public Documentation 📚
In order to better present our new AMM and approach to the community, the team is also updating the public documentation and adding a lot more technical details this time, including a smart contract section for devs and algorithmic traders.
STATUS: IN DEVELOPMENT

Project/Token Economics 🧮
Besides product & development, the team has also been actively researching, exploring to improve our project economics, incentive mechanism. Our new technical structure is a significant enhancement to the product, so should our token model. We have quite a few ideas, but we'd also love to hear your thoughts!
STATUS: IN DEVELOPMENT

The list is not exhaustive. We will work non-stop to ensure the growth of the project and continue to build for the greater vision of decentralized volatility derivatives. Thank you for joining us on this journey, and being with us during this movement.

Moving forward, we’ll be sharing updates in our discord channel (https://discord.com/invite/v96fhsPfRa) as we ship products, partnerships. It is a place where we can better engage and interact with the community in various ways. Feedback is invaluable to helping us improve, we welcome any questions or ideas! 🙋


Divergence Team 🐸🐸🐸