DeriW Unveils Testnet Powered by CoinW: Revolutionizes Decentralized Derivatives Trading

DeriW has announced the launch of its decentralized trading platform, powered by CoinW, which promises to revolutionize the landscape of derivatives trading through blockchain technology. This new platform stands out with its zero gas fee feature and offers up to 100x leverage on cryptocurrency pairs, while providing open liquidity pools and referral rebates. These features set a new benchmark for security and trader autonomy in the financial sector.

DeriW distinguishes itself by offering perpetual futures trading on major cryptocurrencies such as Bitcoin and Ethereum. Traders can take long or short positions with significant leverage, maintaining control over their collateral through self-custodial wallets. This approach ensures both security and autonomy, making DeriW a noteworthy player in the crypto trading space.

The platform operates on the Deriw Chain, which is built on the Arbitrum Orbit L3 network and utilizes Rollup technology to enhance Ethereum's security features. With the capacity to support 7,000 transactions per second, DeriW offers high-speed trading with zero gas fees and instant confirmations. The deep integration with the Arbitrum ecosystem further boosts scalability and transaction efficiency.

One of the most innovative aspects of DeriW is its liquidity model, which employs a pendulum-style mechanism to dynamically adjust liquidity based on traders' positions. This mechanism allows the liquidity pool to support trading volumes beyond the initial capital by optimizing utilization in real-time. The pool operates through a closed fund mechanism where traders pre-subscribe and lock funds, ensuring stability and alignment with trading needs. An automatic risk recalibration system maintains the pool's safety.

The platform offers various features to cater to traders, including perpetual trading with up to 100x leverage on multiple cryptocurrency pairs. The trading fees are kept low at 0.1% per transaction, and the platform supports diverse order types like market, limit, take-profit, and stop-loss. This accommodates various trading strategies and includes a wide range of tokens from popular to emerging and meme coins.

Liquidity providers can contribute USDT and receive equivalent LP tokens, which are locked for a month and can be withdrawn later.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%. Additionally, DeriW's decentralized rebate system rewards referrers with up to 50% in discounts and rebates. Referral links are stored on smart contracts, allowing easy sharing on platforms such as Discord and Telegram, and facilitating network management with personalized invitation codes.

To mark this significant launch, DeriW has introduced a Bug Bounty Program to enhance platform security and user engagement. The program rewards users with DER tokens for identifying and reporting potential security vulnerabilities, with airdrops ranging from 100 to 100,000 DER tokens. New users are also welcomed with a 1000 DER token airdrop and a 50,000 USDT weekly trading competition, encouraging a robust start in their trading journey on DeriW.