DeriW Launches Testnet for Decentralized Trading in Dubai, Sept 2024

On September 11, 2024, DeriW launched a decentralized trading platform in Dubai, aiming to revolutionize derivatives trading. This platform features a zero gas fee structure, enhancing user experience and accessibility. DeriW operates on the Deriw Chain, which is built on the Arbitrum Orbit L3 network, utilizing Rollup technology to ensure high security and efficiency. With the capability to process 7,000 transactions per second, it promises rapid trading and instant confirmations. The platform's innovative liquidity model employs a pendulum-style mechanism that adjusts liquidity dynamically based on traders' positions. This allows for trading volumes to exceed initial capital, optimizing utilization according to real-time market conditions. The closed fund mechanism ensures stability, as traders pre-subscribe and lock their funds, while an automatic risk recalibration system maintains safety. DeriW supports various order types, including market, limit, take-profit, and stop-loss, catering to diverse trading strategies. It offers a wide range of tokens, from popular to emerging and meme coins, appealing to a broad audience of traders. Additionally, liquidity providers can contribute USDT and receive LP tokens, which are locked for a month, ensuring a structured approach to liquidity management. To enhance security and user engagement, DeriW has introduced a Bug Bounty Program. This initiative aims to identify and rectify potential vulnerabilities within the platform, fostering a secure trading environment as it embarks on its journey in the decentralized trading landscape.