DeriW has announced the launch of its decentralized trading platform, an initiative aimed at revolutionizing the derivatives trading landscape through blockchain technology. The platform introduces several groundbreaking features, including zero gas fees, up to 100x leverage on various cryptocurrency pairs, open liquidity pools, and referral rebates. These innovations are set to establish new standards for security and trader autonomy in the financial world.
DeriW distinguishes itself in the competitive field of derivatives trading by offering perpetual futures trading. Traders can take long or short positions on major cryptocurrencies such as Bitcoin and Ethereum, utilizing up to 100x leverage while maintaining control of their collateral through self-custodial wallets. This model ensures both security and autonomy, key aspects that set DeriW apart in the crypto trading arena.
The platform is built on the Deriw Chain, which leverages the Arbitrum Orbit L3 network and Rollup technology to enhance Ethereum's security features. The infrastructure supports up to 7,000 transactions per second, enabling high-speed trading with zero gas fees and instant confirmations. This deep integration with the Arbitrum ecosystem significantly boosts both scalability and transaction efficiency.
DeriW’s liquidity model employs a novel pendulum-style mechanism that dynamically adjusts liquidity based on traders' positions. This innovative approach allows the liquidity pool to support trading volumes beyond initial capital by optimizing utilization in real-time market conditions. Operating through a closed fund mechanism, traders pre-subscribe and lock funds, ensuring stability and alignment with trading needs. An automatic risk recalibration system further maintains safety within the pool.
On the DeriW platform, traders can engage in perpetual trading with up to 100x leverage on various cryptocurrency pairs at a transaction fee of 0.1%. The platform supports diverse order types, including market, limit, take-profit, and stop-loss, catering to a wide range of trading strategies. Additionally, it features an extensive array of tokens, from popular and emerging coins to meme coins.
Liquidity providers can contribute USDT to the pool and receive equivalent LP tokens, which are locked for a month and can be withdrawn later. The pool shares profits, losses, and a 30% fee, aiming for an anticipated annual return of about 25.44%. The decentralized rebate system also rewards referrers with up to 50% in discounts and rebates, facilitating network management through smart contracts and personalized invitation codes.
To commemorate the launch, DeriW has introduced a Bug Bounty Program to enhance platform security and user engagement. Users who identify and report potential security vulnerabilities can earn airdrops ranging from 100 to 100,000 DER tokens. Additionally, new users are welcomed with a 1,000 DER token airdrop and a 50,000 USDT rewards weekly trading competition, incentivizing a robust start to their trading journey on DeriW.
