qerranews 
In a significant development for the DeFi derivatives market, DeriW, a decentralized perpetual exchange operated by CoinW, has launched its public testnet. This milestone marks a crucial step toward a new era of decentralized derivatives trading, offering users a full-featured preview of DeriW’s high-performance platform.
A Closer Look at the Testnet: Usability, Performance & Security
DeriW’s testnet is designed to provide a realistic trading experience, with features that rival those of centralized exchanges. Here are some key highlights:
-
Usability: Traders can easily connect their self-custody wallets and begin trading cryptocurrencies like Bitcoin and Ethereum with up to 100x leverage and a low 0.02% transaction fee. The platform supports multiple order types, including market, limit, take-profit, and stop-loss orders.
-
Performance: Built on the Arbitrum Orbit Layer 3 network, DeriW leverages optimistic rollup technology and a custom WASM/Geth-based architecture. This setup enables extremely high throughput, with the capacity to handle up to 80,000 transactions per second, ensuring smooth order execution even during intense trading activity.
-
Security: DeriW prioritizes security by building on Arbitrum’s Layer 3, inheriting Ethereum’s robust security properties while adding its own enhancements. All trades and collateral remain on-chain under users’ self-custody, eliminating custodial risks. A comprehensive bug bounty program has been launched to further harden the platform, offering bounties ranging from 100 to 100,000 $DER tokens for identifying vulnerabilities.
How DeriW Stacks Up
In the competitive DeFi derivatives arena, DeriW’s testnet demonstrates several unique advantages:
-
Gas Fees & Trading Costs: DeriW stands out with its zero gas fee model, allowing traders to execute orders without on-chain transaction fees. This approach provides a CEX-like experience without sacrificing on-chain transparency.
-
Performance Throughput: With a capacity of up to 80,000 transactions per second, DeriW outperforms many decentralized exchanges, which often offer around 10,000 TPS. This high throughput positions DeriW among elite, next-generation exchanges supporting high-frequency trading at scale.
-
Leverage and Trading Features: DeriW offers up to 100x leverage on major trading pairs, higher than many decentralized competitors. Coupled with advanced order types, this makes DeriW appealing to traders seeking higher risk-reward profiles.
-
Liquidity Model & Price Execution: DeriW’s Pendulum AMM liquidity pool dynamically adjusts liquidity based on traders’ positions, optimizing asset utilization in real-time. This approach supports volumes beyond initial capital, reduces slippage, and provides deeper liquidity compared to traditional order books or static AMMs.
-
Security and Decentralization: By leveraging Arbitrum’s rollup technology and enhancing it with its UBPK mechanism, DeriW ensures private keys remain securely stored within user browsers, providing robust security and decentralization.
Benchmarks and Performance Metrics
DeriW’s block time is expected to be on the order of a second or less, similar to other DEXs, ensuring near-instant finality. The platform is closely monitoring system uptime and recovery from any crashes or network issues to ensure robustness. By publishing performance metrics and comparing them with industry standards, DeriW aims to demonstrate its capabilities transparently.
Conclusion
The launch of DeriW’s testnet marks a significant step forward in decentralized derivatives trading. With its zero gas fee model, high throughput, advanced trading features, and robust security measures, DeriW is poised to challenge industry incumbents. As the DeFi derivatives market continues to evolve, DeriW’s innovative approach positions it as a leader in providing a seamless and secure trading experience for users.
Also read: BlackRock CEO Issues Serious Warning Amid $1 Trillion Bitcoin And Crypto Price Sell-Off