DeriW Announces Testnet Launch Powered by CoinW: Pioneering Decentralized Derivatives Trading
September 11 2024 - 7:00AM
DeriW proudly launched its decentralized trading platform,
boasting a zero gas fee feature, designed to transform the
landscape of derivatives trading with blockchain technology. By
offering up to 100x leverage on various cryptocurrency pairs, open
liquidity pools, and referral rebates, DeriW sets a new standard
for security and trader autonomy in the financial world.
What is DeriW, and What Makes It Unique?DeriW is
a decentralized platform reshaping derivatives trading by
offering perpetual futures trading. Traders can take long or short
positions on major cryptocurrencies like Bitcoin and Ethereum with
up to 100x leverage while retaining control of their collateral
through self-custodial wallets. This revolutionary approach ensures
security and autonomy, distinguishing DeriW in the crypto trading
landscape.
How is DeriW's Chain Infrastructure Designed?DeriW runs
on the innovative Deriw Chain, based on the Arbitrum Orbit L3
network, utilizing Rollup technology to enhance the Ethereum
network's security features. Built with standards like WASM and
Geth, it supports a remarkable 7,000 transactions per second,
enabling high-speed trading with zero gas fees and instant
confirmations. Deep integration with the Arbitrum ecosystem boosts
scalability and transaction efficiency.
How Does DeriW's Innovative Liquidity Pool Work?DeriW's
liquidity model is a game-changer, employing a pendulum-style
mechanism that dynamically adjusts liquidity based on traders'
positions. This novel approach allows the pool to support trading
volumes beyond initial capital by optimizing utilization based on
real-time market conditions. The pool operates through a closed
fund mechanism, where traders pre-subscribe and lock funds,
ensuring stability and alignment with trading needs, while an
automatic risk recalibration system maintains safety.
What Can You Do on DeriW?
Perpetual Trading: DeriW offers up to 100x leverage
for trading various cryptocurrency pairs. Traders can go long or
short with a low fee of 0.1% per transaction. The platform supports
diverse order types including market, limit, take-profit, and
stop-loss, catering to various trading strategies. It features a
wide array of tokens, including popular, emerging, and meme
coins.Liquidity Provision: Liquidity providers
contribute USDT, receiving equivalent LP tokens which are locked
for a month, and can be withdrawn later. This pool shares profits,
losses, and a 30% fee, aiming for an anticipated annual return of
about 25.44%.Referral Rebates: DeriW's decentralized
rebate system rewards referrers with up to 50% in discounts and
rebates. Referral links are stored on smart contracts, enabling
sharing on platforms like Discord and Telegram, facilitating
network management, and personalized invitation codes.
To celebrate this significant launch, DeriW has introduced
a Bug Bounty Program to enhance platform security and
user engagement. This program rewards users with DER tokens,
offering airdrops ranging from 100 to 100,000 DER tokens to those
who help identify and report potential security vulnerabilities.
Additionally, new users are welcomed with a 1000 DER token airdrop
and a 50,000 USDT rewards weekly trading competition,
encouraging a robust start in their trading journey on DeriW.
marketing at coinw.com