We are thrilled to announce that the Deriverse Testnet Season 2, a major milestone in building a fully decentralized, one-stop trading platform on the Solana blockchain, is live! To trade on the testnet, please click here or use the following link: alpha.deriverse.io
To learn more about Deriverse and its unique value proposition, check out our blog post on How Deriverse tackles key issues in Solana trading or Why & how decentralization is one our key goals.
Deriverse Testnet Season 2 focuses on testing future perpetual swaps and spot trading functionalities, bringing us closer to our vision of a fully decentralized trading hub on Solana. Testnet Season 2 is introducing the following new features:
A newly built, fully decentralized perpetual swap CLOB (central limit orderbook) DEX on Solana
Zero administrative role of the founding team (asset listing & delisting governed by the future token)
On-chain liquidation and funding payment settlements without off-chain bots infrastructure (keepers)
All Deriverse Testnet Season 2 solutions are currently only available on desktop. The team is working on the mobile UI, which should be shipped in a couple of weeks. Please stay tuned!
All participants helping us test the product will be eligible for Deriverse points. To participate, follow the core flows in this article. We will take into account how early you were on the testnet, how many transactions you submitted and whether you filled out the Feedback Form. After we’ve successfully tested, we will be running trading competitions on the testnet for extra points. Whether you’re a seasoned trader or a newbie, you can test your trading skills by registering via the Competition Registration Form.
The easiest way to start interacting with our testnet is to follow the core flows in the guides below:
Navigate to alpha.deriverse.io
Connect your Solana wallet (we support Phantom and Solflare)
Switch to Solana devnet in your wallet
Get devnet SOL from our airdrop faucet
Deposit SOL from your wallet into your Deriverse Account
For a more detailed walkthrough, please have a look at the video below:
To open a simple spot trade, please follow the instructions below:
Navigate to the “Spot” tab
Navigate to the “Place Order” window
Select “Sell” & “Market” order, choose your quantity & click on the “Sell” button
To open a simple perp trade, please follow the instructions below:
Navigate to the “Perp” tab
Select the “SOL/USDC” subaccount
Transfer USDC from your Deriverse account by clicking on “Transfer to Perp” button
Navigate to the “Place Order” window
Select “Buy” & “Market” order, choose your quantity & click on the “Buy” button
For a more detailed walkthrough, please have a look at the video below:
Deriverse Testnet Season 2 is a significant step toward revolutionizing decentralized trading on Solana. From advanced perpetual swaps to seamless spot trading, we’re building a robust platform that empowers traders worldwide.
Stay tuned for updates on the launch date and detailed registration instructions. Together, let’s make Deriverse the leading derivatives DEX on Solana.
Join us, trade with us, and help shape the future of decentralized finance! Please consider giving us a follow on X or join our Discord server.
👉 Follow us on X: https://x.com/deriverse_io
👉 Join our Discord: https://discord.gg/2bWzKRS3SN