Deriverse is a comprehensive derivatives DEX protocol built on top of Solana, offering perpetual swaps, options, futures & spot.
Derivatives DEXes are slow, expensive & overoptimized for crypto degens. Deriverse is the first comprehensive derivatives DEX on Solana focused on providing the best experience to institutional traders via: Unmatched speeds. >10x faster transaction speeds via Deriverse L2. Our own L2 allows us to customize transaction speeds. Lowest trading fees, 10x lower transaction fees via subscription-based fees. Predictable revenues allow us to charge less. Variety of derivatives. Deriverse is the first & only DEX on Solana offering a variety of derivatives: perpetual swaps, futures & options.
The first & only comprehensive derivatives DEX on Solana. Deriverse offers a range of novel features, including but not limited to: Membership-based fee model based on Trad-Fi exchanges. Novel on-chain escrow account enabling users to pre-pay trading volumes periodically & pay the lowest fees. Deriverse L2 with its own custom-built sequencer. Minimal latency, allowing traders to trade at the most recent prices, mitigating issues like Maximum Extractable Value & Loss vs. Rebalancing.
Deriverse has announced the release of their Incentivized Testnet & Trading competition! Let’s dive into our guide on how to position ourselves for the confirmed $DRVS airdrop rewards.
Step by Step Guide
Testnet Phases
– The Deriverse Incentivized Testnet will unfold in two phases.
– Phase 1: Open Testnet – Dive into the basic functionalities, connect your wallet, open positions across futures, options, and spot markets. Open now!
– Phase 2: Testnet Trading Competition – Show your trading skills in options and futures. (ENDED)!
Solana Devnet
– For this airdrop you need a Solana wallet such as Phantom.
– If you don’t have a solana wallet, download it here: https://phantom.app/
– Setup the wallet, safe the seed phrase and switch to Solana Devnet.
– You will find this option in the settings of the wallet.
– Guide: Devnet > https://docs.phantom.app/developer-powertools/testnet-mode
– Once on Devnet visit the SOL Faucet: https://faucet.solana.com
The Testnet – Phase 1
– Visit: https://demo.deriverse.io/
– Click the ‘’Enter Deriverse’’ button.
– Connect with SOL wallet.
– In the bottom you will find your spot portfolio, here you need to deposit the test funds.
– Trading on deriverse can be difficult for new users, that’s why they created very easy to follow video tutorials to help you using the platform.
– 1. Spot Trade: Tutorial
– 2. Trade Futures: Tutorial
– 3. Trade Options: Tutorial
– After watching the easy tutorials, it’s time to place some orders & trades.
– Make sure to try-out all features, and make many transactions.
– Make sure you login everyday to get DRSV tokens.
– We also recommend to do some transactions
The Testnet – Phase 2 | ENDED
– Now that you have been able to try-out the platform, it’s time for the testnet competition.
– Visit: https://competition.deriverse.io/
– Between November 1 & November 10th the competition will take place.
– Here you do exactly the same as in the phase 1 testnet, but this time it’s all about making as much gains as possible before the competition ends on November 10th.
Feedback
– Your feedback is crucial!
– Please share your thoughts with us via this form: Feedback
That’s all for now. We hope you find value in this guide.
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