Deriverse

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What is Deriverse?

Deriverse is a decentralized exchange (DEX) protocol built on the Solana blockchain, offering a unified platform for trading perpetual swaps, options, futures, and spot markets. This all-in-one approach enables traders to seamlessly access diverse markets without switching between multiple protocols, enhancing both convenience and efficiency.

Leveraging Solana’s high-performance infrastructure, Deriverse delivers lightning-fast execution speeds and minimal transaction costs, making it ideal for derivatives trading where timely actions are critical.

Deriverse Airdrop: Incentivized Testnet Program

The Deriverse incentivized testnet offers early participants the chance to familiarize themselves with the platform and potentially earn rewards. This program features two distinct phases, enabling thorough testing of the protocol’s functionality before its official mainnet launch.

Testnet Program Phases:

  1. Phase 1: Open Testnet
    • Focuses on testing the platform’s core features.
    • Allows users to explore basic functionalities in a non-competitive environment.
  2. Phase 2: Testnet Trading Competition
    • Introduces competitive trading challenges across options and futures markets.
    • Designed to test advanced trading capabilities and user engagement.

Step-by-Step Guide: Participate in the Deriverse Testnet

1. Set Up Your Wallet

  • Install Solflare or Phantom Wallet as a browser extension.
  • Create a new wallet or import an existing one.
  • Switch to the Devnet network for testnet access.

For Solflare Users:

  • Open the wallet, go to Settings > General, and select “Devnet.”

For Phantom Users:

  • Open the wallet, click the account icon > Settings > Developer Settings, and enable “Testnet Mode.”

2. Get Test SOL Tokens

Automatic Method:

  • Connect your wallet to Deriverse.
  • Navigate to the Spot Portfolio window and click the “Airdrop” button near the SOL title.

Manual Method:

  • Visit the Solana Faucet, paste your wallet address, and request 5 SOL.
  • Repeat as needed to acquire up to 15 SOL.

3. Start Testing the Platform

  • Visit the Deriverse testnet platform and connect your wallet.
  • Explore trading instruments such as perpetual swaps, options, and futures.
  • Test multiple trading pairs to understand the platform’s capabilities.

Tips for Maximizing Your Participation

  • Regularly test both spot and derivatives trading to fully explore the platform.
  • Maintain consistent activity throughout the testnet period.
  • Document your transactions and interactions for better engagement.
  • Stay tuned to Deriverse’s official channels for Phase 2 updates.

Important Information

  • Test SOL Airdrops: You can claim up to 3 SOL every 2 hours via both automatic and manual methods.
  • Network Fees: Keep at least 0.5 SOL in your wallet to cover transaction costs.
  • Phase 2 Competition: Announcements will provide details on eligibility and rewards.

Frequently Asked Questions

What differentiates Phase 1 from Phase 2?

  • Phase 1 focuses on testing core functionalities, while Phase 2 introduces competitive trading activities.

How much test SOL is needed to participate?

  • You can obtain up to 15 test SOL through faucets, but at least 0.5 SOL is recommended for fees.

Can I join both phases?

  • Yes, active participation in both phases is encouraged and may improve eligibility for future rewards.

How long does the testnet program run?

  • The duration is currently unspecified, so early and consistent participation is advised.

Conclusion

The Deriverse incentivized testnet offers traders a chance to explore derivatives trading on Solana while contributing to the platform’s development. By actively participating in both phases of the testnet, users position themselves for potential rewards and early insights into this promising ecosystem.

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