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Deriverse

What is Deriverse?

Deriverse is a DEX protocol built on the Solana blockchain that provides a comprehensive suite of trading instruments. The protocol combines perpetual swaps, options, futures, and spot trading into a single platform, allowing traders to access multiple markets without switching between different protocols. This integration helps simplify the trading experience while maintaining the security benefits of decentralized trading.

The protocol builds on Solana’s infrastructure to offer traders fast execution speeds and reduced transaction costs. These characteristics make it particularly well-suited for derivatives trading, where quick responses to market movements can significantly impact trading outcomes.

Deriverse Airdrop Details

Deriverse has launched an incentivized testnet program that may lead to rewards for early participants. The program follows a two-phase structure designed to thoroughly test the protocol’s capabilities while giving users time to familiarize themselves with the platform. This testing period serves as an important step in ensuring the protocol’s reliability before its mainnet launch.

The testnet program begins with Phase 1: Open Testnet, which is currently active and centers on testing basic functionalities. This will be followed by Phase 2: Testnet Trading Competition, which will introduce competitive trading across options and futures markets. This approach allows users to practice with the platform’s basic features before engaging in more complex trading activities.

Step-by-Step Guide:

How to Participate in the Deriverse Testnet Program?

  1. Visit the Deriverse testnet page.
  2. Set up your wallet
    • Install Solflare or Phantom Wallet as a browser extension
    • Create a new wallet or import your existing one
    • Switch to Devnet network (required for testnet participation)
  3. Configure network settings for Solflare users:
    • Open your wallet
    • Click on Settings and select “General”
    • Navigate to Network settings
    • Choose Devnet from the list

For Phantom users:

  • Open your wallet
  • Click the account icon in the top panel
  • Access Settings from the sidebar
  • Select Developer Settings
  • Enable Testnet Mode
  1. Get Test SOL Tokens Automatic method:
    • Connect your wallet to the Deriverse platform
    • Navigate to “Spot Portfolio” window
    • Click the “Airdrop” button near “SOL” title
    • Click the three dots menu and select “Deposit”
    • Keep at least 0.5 SOL in your wallet for network fees

Manual method:

  • Visit the Solana faucet
  • Copy and paste your wallet’s public key
  • Select amount “5” in the Amount field
  • Click “Confirm Airdrop”
  • Connect your wallet to Deriverse platform
  1. Start Testing
    • Visit the Deriverse testnet platform
    • Connect your wallet
    • Explore the available trading features
    • Test different trading pairs and instruments

Maximizing Your Participation

To enhance your participation in the testnet:

  • Test different aspects of the platform regularly
  • Try both spot and derivatives trading features
  • Maintain steady activity throughout the testnet period
  • Document your interactions and transactions
  • Monitor Deriverse’s official channels for Phase 2 updates

Important Considerations

  • You can receive up to 3 SOL airdrops within 2 hours using both methods
  • Always verify you’re connected to Devnet to prevent transaction errors
  • Maintain a SOL reserve for network fees
  • Stay informed about Phase 2 trading competition announcements

Frequently Asked Questions

What is the difference between Phase 1 and Phase 2?

Phase 1 focuses on testing basic platform features and getting familiar with the interface. Phase 2 will introduce a trading competition with specific challenges and potential rewards.

How much test SOL do I need to participate?

While you can obtain up to 15 SOL through the faucet, keeping at least 0.5 SOL for network fees ensures smooth operation.

Can I participate in both phases?

Yes, users are encouraged to participate in both phases, which may improve their chances of qualifying for potential rewards.

How long will the testnet program run?

The program’s duration hasn’t been specified yet. Early participation is recommended to maximize involvement and potential rewards.

Conclusion

The Deriverse testnet program offers traders an opportunity to explore advanced derivatives trading on Solana while potentially qualifying for future rewards. Following this guide and actively participating in both phases allows users to contribute to the protocol’s development and position themselves for possible future benefits.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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Estimated Value

n/a

Tokens per Claim

n/a

Max. Participants

Unlimited

Overview