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Kriptoteka > Market > Meme > DeriW Launches Testnet for New Decentralized Derivatives Trading
Meme

DeriW Launches Testnet for New Decentralized Derivatives Trading

marcel.mihalic@gmail.com
Last updated: September 11, 2024 1:23 pm
By marcel.mihalic@gmail.com 4 Min Read
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DeriW is excited to announce the launch of its decentralized trading platform, featuring a zero gas fee model that aims to revolutionize derivatives trading using blockchain technology. Providing traders with up to 100x leverage on an array of cryptocurrency pairs, open liquidity pools, and referral bonuses, DeriW raises the bar for security and trader empowerment in the financial sector.

What is DeriW, and What Sets It Apart?
DeriW is a decentralized trading platform transforming the derivatives trading sector by facilitating perpetual futures trading. Traders can establish long or short positions on major cryptocurrencies such as Bitcoin and Ethereum with leverage of up to 100x while maintaining control over their collateral via self-custodial wallets. This groundbreaking method guarantees security and trader independence, making DeriW a standout in the cryptocurrency trading arena.

How is DeriW’s Chain Infrastructure Structured?
DeriW operates on the advanced Deriw Chain, leveraging the Arbitrum Orbit L3 network and Rollup technology to bolster Ethereum’s security features. Designed with standards such as WASM and Geth, it provides an impressive 7,000 transactions per second, facilitating rapid trading with zero gas fees and immediate transaction confirmations. Strong integration with the Arbitrum ecosystem enhances both scalability and transaction effectiveness.

How Does DeriW’s Unique Liquidity Pool Operate?
DeriW’s liquidity model is revolutionary, featuring a pendulum-style mechanism that adjusts liquidity in real-time based on traders’ positions. This innovative strategy enables the pool to sustain trading volumes exceeding initial investments by optimizing utilization according to current market conditions. The pool functions via a closed fund model, with traders pre-subscribing and locking in their funds, thereby ensuring stability and alignment with trading requirements, complemented by an automated risk recalibration system that safeguards assets.

What Can You Accomplish on DeriW?

Perpetual Trading: DeriW enables users to trade various cryptocurrency pairs with leverage of up to 100x. Traders can either go long or short with a nominal fee of 0.1% per transaction. The platform accommodates a variety of order types, including market, limit, take-profit, and stop-loss, to meet diverse trading strategies and supports a broad selection of tokens, ranging from popular and emerging coins to meme tokens.

Liquidity Provision: Liquidity providers can contribute USDT and in return receive equivalent LP tokens, which are locked for one month before being eligible for withdrawal. This liquidity pool allocates profits, losses, and a 30% fee, with projected annual returns around 25.44%.

Referral Rebates: DeriW’s decentralized rebate program offers referrers discounts and rebates of up to 50%. Referral links are securely stored on smart contracts, which can be shared across platforms such as Discord and Telegram, promoting efficient network management along with personalized invitation codes.

In celebration of this landmark launch, DeriW has implemented a Bug Bounty Program to strengthen platform security and user engagement. This initiative rewards participants with DER tokens, including airdrops ranging from 100 to 100,000 DER tokens for identifying and reporting security vulnerabilities. New users are also welcomed with a 1000 DER token airdrop and a weekly trading competition offering 50,000 USDT in rewards, encouraging a strong start to their trading experience on DeriW.

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