We are thrilled to announce the launch of the Deriverse Incentivized Testnet, a significant milestone in the development of the first comprehensive derivatives decentralized exchange (DEX) on Solana. As we continue to build and innovate, this testnet will be a key step toward delivering a superior trading experience with perpetual swaps, futures, options, and spot trading—all within a single platform.

By engaging with Deriverse in this early stage, our early community members can earn up to 1,830,000 Deriverse points, distributed initially as points and airdropped to users’ wallets at token generation event.

What is the Deriverse Incentivized Testnet?

The Deriverse Incentivized Testnet is designed to be a backbone of our community-building strategy, providing early access to our options, futures, and spot trading functionalities. The primary goals of the testnet are Technology Validation, i.e. testing the core infrastructure behind the options and futures components of Deriverse, and Community Engagement, i.e. Acquire, educate, and retain a robust user base through gamified trading activities and incentives. The Incentivized Testnet will roll out in two phases:

Phase 1: Open Testnet – Explore the Platform & Give Us Feedback

In this initial phase, we invite the broader Solana community to participate and test basic functionalities of the protocol. This will not only allow us to stress-test the trading infrastructure but also give us the opportunity to collect valuable feedback from our users.

Incentivized Activities:

• Connecting your wallet.

• Open a futures position.

• Open an options position.

• Open a spot position.

• Submit a feedback form or report bugs.

Users who engage in these activities will collectively split 500,000 points. We hope that by engaging with these activities, our users will familiarize themselves with the platform while playing an essential role in shaping our future.

The scope of the incentivized activities can be subject to change and will be confirmed closer to the release date. Deriverse initially plans to allocated 1 token per 1 point. This framework may be subject to change.

Phase 2: Testnet Trading Competition – Win Big with Options & Futures

Following the initial open testnet phase, we will launch a Testnet Trading Competition aimed at building a strong community of traders and enthusiasts. This competition will focus on two key instruments: options and futures. To incentivize participation, Deriverse will reward top traders across 3 metrics:

Trading Volume: 300,000 points will be distributed among the top 10 users based on the total trading volume they generate (split among options and futures).

Number of Trades: 300,000 points will be awarded to the top 10 users with the highest number of trades (split among options and futures).

PnL (Profit and Loss): The top 3 traders in options and the top 3 traders in futures based on PnL will share 400,000 points (split among options and futures).

More information regarding the markets, strike prices and expiration dates will be provided closer to the testnet release date. The competition rules can be subject to change and will be confirmed closer to the testnet release date.

Referral Campaign – Invite & Earn More

But that’s not all—Deriverse is also running a Referral Campaign in the runup to the testnet! When you sign up for the testnet, you’ll receive a unique invite code to share with friends. The top 100 addresses based on the number of successful referrals will split 330,000 points, according to the framework below:

• 1st place: 50,000 points

• 2nd place: 30,000 points

• 3rd place: 20,000 points

• 4th to 10th place: 10,000 points

• 11th to 30th place: 3,000 points

• 31st to 50th place: 2,000 points

• 51st to 100th place: 1,000 points

Deriverse only needs real users and reserves the right to disqualify referral campaign participants in cases of fraud. If our software flags you as high risk, we might need to get in touch with you and ask to clarify who were the people you referred.

Why Join the Deriverse Incentivized Testnet?

This testnet is more than just a chance to test our technology—it’s an opportunity to become part of the Deriverse community and shape the future of derivatives trading on Solana. By participating in both phases, you can:

• Gain early access to advanced trading tools.

• Earn rewards through trading and referrals.

• Provide valuable feedback that helps improve our platform.

Stay tuned for more updates on the launch date and detailed instructions on how to join the testnet. Let’s build the future of decentralized finance together!

Join us, trade with us, and help Deriverse become the leading derivatives DEX on Solana!