# Welcome to DeriW
DeriW stands out as the pioneering zero-gas-fee decentralized perpetual exchange, redefining trading with its innovative Rollup architecture that marries Ethereum's security with high-speed Layer 3 technology. Managed by the seasoned team from CoinW, with a solid eight years in the fintech arena, DeriW delivers a trading throughput of 80,000 transactions per second (TPS), ensuring a seamless experience akin to centralized platforms but with the transparency and reliability of decentralized systems.
For Liquidity Providers: [Liquidity on Mainnet](/liquidity/liquidity-on-mainnet)
For Traders: [Trading on Mainnet](/trading/trading-on-mainnet)
#### **Key Features of DeriW:**
* **Zero Gas Fee Transactions:** Traders benefit significantly from DeriW's on-chain mechanisms, eliminating gas fees entirely, which enhances profitability and trading efficiency.
* **High-Performance Liquidity Pools:** Utilizing the innovative PendulumAMM model, DeriW optimizes liquidity with zero slippage and offers liquidity providers (LPs) high annual percentage yields (APY) of up to 80%. This system is engineered to balance market demand and ensure capital efficiency, maximizing returns for participants.
* **High-Speed, High-Frequency Trading:** DeriW supports up to 100 different assets, allowing for zero slippage transactions and rapid confirmations that rival those of centralized exchanges. With transaction speeds reaching up to 80,000 TPS and easy API access, DeriW caters to high-frequency traders looking for a powerful, efficient trading platform.
* **One-Click Permissionless Trading:** DeriW simplifies the trading process with a single wallet authorization, eliminating repetitive authorization requests and ensuring a smoother user experience.
* **Open DeFi Ecosystem:** DeriW's advanced architecture promotes seamless interactions between Layer 2 infrastructure and Layer 3 applications, providing a robust framework for token issuance and smart contract deployment. This open ecosystem supports a diverse range of projects and offers significant liquidity and token listing opportunities.
* **Diversified Trading Experience:** Traders can diversify their portfolios significantly on DeriW, with options for up to 100x leverage on a wide selection of tokens, catering to various risk appetites.
* **Rewarding Commission System:** DeriW's rewarding commission system allows referrers to earn at least 50% in rebates, providing substantial incentives for promoting the platform and increasing its user base.
* **Cross-Chain Support and Ultimate Asset Security:** With its advanced cross-chain bridging technology, DeriW ensures instant asset transfer confirmations and plans for future enhancements to support seamless interoperability across major public chains. Additionally, the DeriW Wallet's non-custodial nature guarantees that users have complete control over their asset security, complemented by regular audits to maintain a secure and robust decentralized network.
DeriW is poised to revolutionize the trading landscape, providing transparency, efficiency, and security that meet the rising demands of modern traders. This platform not only offers a superior trading experience but also sets new standards in the digital finance space, ensuring that it remains at the forefront of decentralized finance innovation.
# Connect to Deriw Mainnet
1\) Visit the Deriw Website (
\
2\) Click 'Connect' on the top right corner.
3\) You connect to DeriW across a wide range of supported wallets such as MetaMask, WalletConnect, etc. We will be supporting more wallets as we grow.
4\) Sign in with your wallet and you will be asked to switch to the Deriw Chain. If you don't get this confirmation, **please contact our support team via our Socials and we will help you**.
5\) Once connected, you will be asked to confirm connection. Once confirmed, you will enjoy **one-click permission less trading** on DeriW!
6\) Note: Only after you receive the message, you can engage in Trade and Earn functions.
To begin Trading or provide Liquidity, you will first need to add funds into your DeriW Account.
This can be done by clicking on the Deposit button in the Trading section. Please note that:
* **Cross-Chain Transaction will be done from Arbitrum to Deriw Chain.**
* **You need to pay ETH Gas Fees when topping up your account.**
* **The minimum amount for a trade is $10.**
7\) To view transaction records, click here to visit the [Deriw Explorer](https://explorer.deriw.com/).
# DeriW Mainnet FAQ
## Which wallets are supported?
We currently support the following popular wallets below. For further instructions on installing the wallet, click on each link:
* [MetaMask](https://metamask.io/)
* [Wallet Connect](https://walletconnect.network/)
* [OKX Wallet](https://www.okx.com/)
* [CoinBase Wallet](https://www.coinbase.com/wallet)
* [Bitget Wallet](https://web3.bitget.com/en)
* [Kepler](https://www.keplr.app/)
* [Trust Wallet](https://trustwallet.com/download)
## How do I add Deriw Mainnet chain to my wallet
For this example, we will use ***MetaMask Wallet*** to sign in.
1. From the DeriW website, select the wallet of your choice.
2. As you sign in, you will be asked '**Switch to Deriw Chain**'.
3. You can also manually add Deriw Chain:
* **Network Name:** Deriw Chain
* **Public RPC**:
* **Chain ID:** 2886
* **Currency Symbol:** ETH
* **Block Explorer URL:** [**https://explorer.deriw.com**](https://explorer.deriw.com)
Then click '**Save**' to add the network.
## What is the gas token on Deriw Mainnet?
The gas token on Deriw Mainnet is ETH. Its is important to note that all trades on DeriW are Gas-Free.
## Add & Withdraw Funds on DeriW
Users can easily add and withdraw funds on the platform using the dedicated Deposit and Withdraw screens. To deposit USDT, you need to bridge funds from Arbitrum to DeriW Chain:
1. Click the "Deposit" button on the Trade page
2. Select USDT from your Arbitrum wallet
3. Enter the amount to bridge (minimum: $10)
4. Confirm the transaction and pay ETH gas fees
5. Wait for blockchain confirmation
**Important Notes:**
* You need ETH on Arbitrum to pay gas fees for bridging
* Minimum deposit: $10
* Funds will appear in your DeriW account balance after confirmation
Both the deposit and withdrawal processes require the user to input the desired Amount and then confirm the transaction.
Click on Withraw funds to withdraw funds directly drom DeriW Chain back to Arbitrum Chain on your connected wallet. This transaction does not need gas fees. After confirming the withdrawal, please wait for blockchain confirmation, which typically requires approximately 15 to 30 minutes. The withdrawal fee is subject to the actual amount displayed.
### **Troubleshooting: Deposit Failures (RPC / Network Issues)**
In some cases, users may experience failed deposits due to factors that are **outside of DeriW’s control**. These issues are mainly related to:
#### **1. Wallet RPC Connection**
Your wallet relies on its RPC endpoint to broadcast transactions. If the RPC is unstable, overloaded, or blocked by local network rules, deposits may fail to go through.
#### **2. User’s Local Network / VPN (“Proxy”)**
Some users access DeriW through a VPN or local proxy service.\
If the VPN is unstable or routing traffic incorrectly, it may prevent the transaction from being broadcast successfully.
Because both the **wallet RPC** and the **user’s VPN/proxy** are external to DeriW, we are unable to monitor or control these factors.
**Recommended Fix**
If you encounter a deposit failure:
1. **Try switching your VPN location or temporarily disabling it.**
2. **Change your wallet’s RPC endpoint** to a more stable one (most wallets allow you to select a different RPC).
In most cases, switching the network route or RPC resolves the issue immediately.
# DeriW Explorer Guide
Deriw Explorer is the official blockchain explorer for the Deriw Chain. It provides a range of features and benefits that are valuable for both developers and regular users interested in the Deriw blockchain. Here are some key benefits:
* **Transaction Tracking**: Deriw Explorer allows users to track transactions in real-time. You can verify the status, details, and confirmations of any transaction on the Derow network.
* **Smart Contract Verification**: Users can view and verify smart contract code, ensuring transparency and trust in the decentralized applications (dApps) they interact with.
* **Block Information**: Users can view details about specific blocks, including the block number, timestamp, miner, and transaction count.
* **Token Tracking**: Etherscan provides detailed information about supported tokens, including total supply, holders, and transfer history.
The Deriw Explorer can be visited on [**https://explorer.deriw.com**](https://explorer.deriw.com). On the homepage, you will be shown a general analysis of all important data on the Deriw chain. Important information includes the number of daily transactions, wallet addresses connected on Deriw, and live block/transaction information.
## Verify your Transaction Data on Deriw Explorer
To verify whether your transactions were executed on Deriw, the Deriw Explorer offers a great way to confirm. Copy paste your wallet address that you use for trading in the search bar, and you will be shown all information about your transaction data.
Tokens highlight the number of tokens you hold on the Deriw Chain. Transactions include all that have been executed on chain.
Just below shows a breakdown of all executed transactions. This is broken down into several sections:
**Token Transfers**: This tab lists the transfer events of tokens (both ERC-20 and ERC-721) associated with the address. This includes details of tokens sent and received by the address.
**Tokens**: This tab shows the list of all tokens held by the address, including the balance of each token.
**Internal Transactions**: This tab displays internal transactions, which are transactions triggered by smart contracts rather than being directly initiated by users. They often involve transfers of value within a smart contract.
**Coin Balance History**: This tab provides a historical view of the coin balance of the address over time.
Each of these tabs provides a different aspect of the activity and assets associated with a specific connected address, giving a comprehensive view of its blockchain interactions.
# Using DeriW on Mobile
DeriW is now supported on Mobile, allowing you to make trades and stay updated on your portfolio whilst on the go.
To access DeriW and ensure a smooth trading experience, please ensure the following steps:
1\) A compatible internet explorer is installed; either the built-in browser on your mobile device or Google Chrome Browser.
2\) MetaMask APP has been installed on your Phone. Also ensure that you already have your account/address set up already. For more information on MetaMask, visit [here](https://metamask.io). \
\
**Step 1**
Visit [www.deriw.com](http://www.deriw.com) on your mobile browser or directly on the browser within the MetaMask APP and select login at the top right corner of the page.
**Step 2**
Connect using WalletConnect, and select MetaMask. We are currently working on supporting more wallets. You will be redirected to the MetaMask APP to connect your account, and switch to the DeriW Chain.
Connect using MetaMask
**Step 3**
Use the official Cross-Chain Bridge to add tokens into your Deriw Account.
This can be done by clicking on the Deposit button in the Trading section. Please note that:
* **You need to pay Gas Fees when topping up your account.**
* **The minimum amount for a trade is $10.**
**Step 4**
To Trade or Buy LP, make sure to click on the three striped icon at the top right to see a list of available services and activities.
It is worth noting that during Mainnet launch, the DeriW Chain may take a while to load, or your Web3 Wallet may not have confirmation pop ups. Please have patience and try multiple times. If you are continuously facing issues, you can reach out to our community on Discord or Telegram and our team will help out.
# API for Developers
### RPC
#### Test Environment
* **RPC**: `https://relayer.test.deriw.com`
* **ChainId**: 2885
* **Explorer**: [https://explorerv2.test.deriw.com](https://explorerv2.test.deriw.com/)
#### Mainnet
* **RPC**: `https://rpc.deriw.com`
* **ChainId**: 2886
* **Explorer**:
***
### Notes
1. For opening a new position with no existing positions, margin must be **greater than 10 USDT**.
2. For closing a position, order amount must be **greater than 10 USDT**.
***
### 1. Faucet (Testnet Only)
In the **test environment**, users must claim test tokens. This is not required on mainnet.
#### 1.1 Claim Test Tokens
* **Airdrop Contract**: `0xb207FD6D1136b0a32E2077754C971A82C7E54545`
* Call the function: `claim()` to receive test USDT.
📌 Example Transaction: [View](https://explorerv2.test.deriw.com/tx/0xb538243f0c2606b43060d558306bedd8172f20411db357b4ca5edc7fe3fcf7ca)
#### 1.2 Token Approval
* **USDT (6 decimals)**: `0x8059298AD3f2153EC1B0FA0d233342e834E06737`
* Approve Router: `0x871cC36e0C52d3e41f896FF9D4eE03BC81E452e4`
**Mainnet USDT (6 decimals)**: `0x3B11A54514A708CC2261f4B69617910E172a90B3`
* Approve Router: `0x1eB6Dfc3316012C5795E1060f8BD1CEa10df30F5`
***
### 2. PositionRouter – Market Orders
* **Testnet**: `0x9E649615947e2bd1462A4b5D66645912b7740DB1`
* **Mainnet**: `0x80257F37d327FA0EF464eFa64DdFb755dE111262`
#### 2.1 Market Open Position
📌 Example Transaction: [View](https://explorerv2.test.deriw.com/tx/0x6485a3e2108bbb64b02359d1ac9f9baffb23cfc7b7453a2856a175f4c4f36d4e)
```solidity
function createIncreasePosition(
address[] memory _path, // Path (USDT address: 0x8059...)
address _indexToken, // Index token, see section 4
uint256 _amountIn, // USDT amount (1 USDT = 1,000,000 due to 6 decimals)
uint256 _sizeDelta, // Position size with leverage (1e30)
bool _isLong, // Long = true, Short = false
uint256 _acceptablePrice, // Acceptable price (1e30)
bytes32 _referralCode, // Fixed value: 0x00...
address _callbackTarget // Fixed value: 0x0000000000000000000000000000000000000000
)
```
#### 2.2 Market Close Position
📌 Example Transaction: [View](https://explorerv2.test.deriw.com/tx/0xf00e62d7badcce643a4b455f12ab4b286f1837392b1c4ae39563a22cb9c10c5b)
```solidity
function createDecreasePosition(
address[] memory _path, // Path (USDT address: 0x8059...)
address _indexToken, // Index token, see section 4
uint256 _collateralDelta, // Usually 0
uint256 _sizeDelta, // Closing position size (1e30)
bool _isLong, // Long = true, Short = false
address _receiver, // Receiver (usually tx sender)
uint256 _acceptablePrice, // Acceptable price
address _callbackTarget // Fixed value: 0x0000000000000000000000000000000000000000
)
```
***
### 3. OrderBook – Limit Orders
* **Testnet**: `0x300cAD4a61E6785F75E6deEbCC29b5f2708ab327`
* **Mainnet**: `0x86A0D906c6375846b05a0EF20931c1B4d2489C13`
#### 3.1 Limit Open Position
📌 Example Transaction: [View](https://explorerv2.test.deriw.com/tx/0xa0cc209e8fdcec47ce2d6f51ff1d453e05406ec0bee82c2d6468d64873ae6a5c)
```solidity
function createIncreaseOrder(
address[] memory _path, // Path (USDT address)
uint256 _amountIn, // USDT amount (1 USDT = 1,000,000 due to 6 decimals)
address _indexToken, // Index token, see section 4
uint256 _sizeDelta, // Position size with leverage (1e30)
address _collateralToken, // USDT (6 decimals)
bool _isLong, // Long = true, Short = false
uint256 _triggerPrice, // Trigger price
bool _triggerAboveThreshold, // Default true
uint256 _lever // Leverage
)
```
#### 3.2 Take Profit / Stop Loss Orders
📌 Example Transaction: [View](https://explorerv2.test.deriw.com/tx/0x87fed27568573a578b1b420f23699d2031f7f4826e2684b55b740577a65cf826)
```solidity
function batchCreateDecreaseOrder(DecreaseOrderFor[] memory orders)
struct DecreaseOrderFor {
address indexToken;
uint256 sizeDelta;
address collateralToken;
uint256 collateralDelta; // Usually 0
bool isLong;
uint256 triggerPrice;
bool triggerAboveThreshold;// Take profit = true, Stop loss = false
uint256 lever;
}
```
#### 3.3 Limit Close Position (TP/SL)
```solidity
function createDecreaseOrder(
address _indexToken,
uint256 _sizeDelta,
address _collateralToken,
uint256 _collateralDelta, // Usually 0
bool _isLong,
uint256 _triggerPrice,
bool _triggerAboveThreshold,// Take profit = true, Stop loss = false
uint256 _lever
)
```
***
### 4. Index Token List
#### Mainnet
* **XAUt**: `0xFbD3AE1b32fcCe9EdD86519223Ef773Dbc399795`
* **ASTER**: `0xb2d98323AD400B711e49f131086783d3471AcAd8`
* **WBTC**: `0x9cAaCD673fd5C6C4b3Aa3c4E55e930ca5A4f32fe`
* **DOGE**: `0x2fDC17Dca642BBA2f4ad5DD51E891A277670B556`
* **WETH**: `0x8892549DdcA0f14ee3b4B0dE9A5b6dE5087FE12f`
* **SOL**: `0xB7e20EE2392f940Df344a1A940c37030DF0363A0`
* **LINK**: `0x83Fbf275A3B79F062a4deb7b876fB17D11b22815`
* **SUI**: `0x3C02bFeFC774364a1B2DBa7Dfa093A4b2eAa98db`
* **XRP**: `0xc48566c3A2A4358f34BeF026B1148f1A2cD47856`
* **BNB**: `0x881E8ef8a6aC1fD7f850978361d9FF67902F0Cac`
* **MNT**: `0xAb49AA1FfAbdd69B812163Ac01B8762c1D435342`
* **OKB**: `0xF88f37DF527855440424B52CBDda0BcE510fa261`
* **PAXG**: `0x653d3D23F5a09DD38990691fbf47432977b1Bad8`
* **AVAX**: `0x644F2FD0476402359B9233B101663E706493A145`
* **LTC**: `0x3845E1d4DCDd0694BB9919F9dd87CF06148eacE3`
* **WLD**: `0x3Af24C47fe884653D64dc2edF00b8A07e2CBC764`
* **ONDO**: `0x56104434bFF98bE272997262098092d37d074e0B`
* **CRV**: `0xbAF2a9eD3d52B83730c66801891E79F9aE764Bdd`
* **ADA**: `0x6a8E5074000D16e865ab72B10Af401D96EF07628`
* **AAVE**: `0x7a895267FfDEFF5cb3331ac3D45A0c8Cc8257aba`
* **DOT**: `0x74759d2a55BC8e920c1f2ab9b0AD93c62c028B08`
* **UNI**: `0xc5B66dc0604a440155689015B1a577d7cF23e3d5`
* **TRUMP**: `0x7C823734F32A6Ba9eA7a5537AA05fc8147AC0464`
* **SOMI**: `0xfa4bdAD5B858263DEadCbD826AD1b4e9a5f43D62`
* **PENDLE**: `0xa0750EF1fA99A393ca82771bf91ba80e709ca692`
* **ENS**: `0xC0C5630B8B57C88F48626A5aFf0ab4dE5bCfD8a2`
* **TSLA**: `0x69ed5C59Cc40c98857860322a47630D2c0d1a022`
* **XAU**: `0xca6C998D3807dDa6e323eBa71AD26910e56C2F2e`
* **XAG**: `0x66913b13E2010B5474882aF2C14E66c6f8F334b1`
* **INTC**: `0x078A3f7F28766D10Fb9b9E92138D142bC8513083`
* **NVDA**: `0x8D1Db0131633f0E2097aDaEbF95f8AAac87e04a2`
* **MSTR**: `0x652606B80b4e7d5A7F709B1B0D382E7d8d9E187D`
* **CRCL**: `0x1F1441E6C7528dd1F1241b47BE31Cf09769Ed311`
* **SPY**: `0xb3a9C17447783F357EBBBf919a5e9c657E9Ef440`
* **SPCX**: `0xDD392aD454beD8aBC6AD49469Cee37F07f3B5feA`
* **HOOD**: `0xD3da1a0592ca6C7f40dBc3753f75ECf294Bc5804`
* **AMZN**: `0x8F0b88c57792e8ea53098Dd08176F723925a234a`
* **COIN**: `0x69D1EBD1887Ff6953C986D69c45529C7988Bd514`
* **QQQ**: `0x839290C64c5fF4e157d9dd84e5846EBD6Dcda1Eb`
#### Testnet
* **WBTC**: `0x09A3136D50E375F3bfd35b0Ec7982721d3d6A54F`
* **DOGE**: `0x6e465324A7d113389De95183Db8Cfb76d411625c`
* **WETH**: `0x89b80e784F85028C75A00971B1A3f5827DC0d0aa`
* **SOL**: `0xD389ba94FC0Fb63Ee529D133aE03777eae861cb9`
* **LINK**: `0x00218834263b0a15b4dD70850E19A428e0d58fE3`
* **SUI**: `0xa7Dc854728C68b63c5504BB3f13ff5aC87f4a6C1`
* **XRP**: `0x75490283ed7494cC56aaCd362E0F9227ADA4D959`
* **BNB**: `0xBC7575878D6c4a06DdB0c62bc0F866A4493A80b4`
* **LTC**: `0x477fA0030757DcDb496595E54159F28ea5E7a190`
* **WLD**: `0x8568C0C8867363dd03Feae85e5b6563A1913A5D9`
* **CRV**: `0xd34BBB62B94cb2e80579E5F6FdE56BA7CA6B1Ac6`
* **ADA**: `0x0f3B0a998515918A46b6B740881CA475DB6512b7`
* **AAVE**: `0xc073ca0Bca8F79e970f9aD2191471EB85892d6a8`
* **UNI**: `0xF873c66e26B16cf3C489062C25d27715Ad18a678`
* **TRUMP**: `0x432357a752879A33C0D5d5ffEa40EF878524022F`
* **XAU**: `0xc16B53114997d17a8D8e23B4Fe3C48DB9b7378e4`
* **XAG**: `0x10d503Db5AFF07A85566E189cA5e1aF222857F43`
* **TSLA**: `0x411d41f5Eb2858cc78001357069c9CE21e46Efb4`
* **INTC**: `0x14E6B0D24f90A9D7320FcE44e20263d1363A6E18`
* **NVDA**: `0x68f20035F385FB57d1051D3a5d78863143EF0C97`
* **MSTR**: `0xFB8BBF9Eb50A042b01c378BfB5392995579Ae7A3`
* **CRCL**: `0x27c3B15A67EBA48072199EB3Cfc994578C9A3118`
* **BCH**: `0x2b45DAA43A52ce55950eE4f9a5Cbf10225803EBE`
* **FIL**: `0x09FD0Feec20E2F9dD5cf4F5aB2372CD80B14116a`
* **ORDI**: `0xeAAF0f68F94620919f57a7079169684e902917F9`
* **ARB**: `0xF66e0aBaba7e61968bF31fd75eEb39b379EEC954`
* **TRX**: `0xA5cFbf1908837c81127D0cC0Ff57C289bf4B311d`
* **SAND**: `0xaE7203eBA7E570A6B5C7A303987B6C824dF5A325`
* **OP**: `0xC88F5eE7D4ECb5033fCB5c60525587E72Cd1A36e`
* **APE**: `0x7B47509E3fd234F82df3373E35C3c8470FF77dC2`
* **MASK**: `0x3680c176bEFb73cFE6008269358819180a7a7A9F`
* **TIA**: `0x301A099287D53c1C14C273a0E02B8fe21886F8dc`
* **AXS**: `0x766BcAAAE1b774F5AA919D8969737927B904F9F3`
* **CFX**: `0xcDfABaA9990F41b4d8Da785EB37306A0ab97EC49`
* **BLUR**: `0x327C4F29833FFe483c94145430B372996B6DFb5d`
* **DYDX**: `0xecE9556e91223DA81b8C29739cFdfaF51218E488`
* **CAKE**: `0xE321f86907641dF968027A628243547F2e84F2A5`
* **GMT**: `0xdB5E2b2AEf6b8B8F58F9fc2Eef6eD134e49de065`
* **GMX**: `0xCd8ec06684D758E735CF3655c3ddDa808Da0e741`
* **PYTH**: `0x54289258403B72bFC0e652B677560b0C5ccAfabE`
* **GAS**: `0x78E1F9a9c4921A0f91ED0F02DEb4234f9E0e579d`
* **COMP**: `0x21d185b9dcB60bc58Fc4cC7d082e2e34ED1d2dA1`
* **1INCH**: `0x5A78f68b9eE1Ae995738dC2F7f96bEf8b558CDB4`
* **1000SATS**: `0xd37B3e43CC0Ad1574479b27f9427c6632995Cb2f`
* **PEOPLE**: `0x542abD3F77D41db0bc19F9b6bE51Ee5370022D0A`
* **NOT**: `0x4C2c677863627f0bA66B5F6658662970702c6156`
* **W**: `0x82e610e5cfD1B58DE683c446c96bf4FEFC20aB9E`
* **ENA**: `0xd6b09Bf968F1Fb6971C6f636D08870b22fCb2B8a`
* **WIF**: `0x1C8a3e1Da66B5a85A56A34b5754dcde92aBC3dA1`
* **TON**: `0xBb1132D675A0281Df1097CF4CB10B22D2A70A65e`
* **HYPE**: `0x227C16ef02eD6f4AB8Dc16a9cA49747BCbc6025D`
* **KAITO**: `0x24EafbFFF825d36C77216063b34e6c9ef4392c0f`
* **IP**: `0xF650DE55bFF297d5F98Ba71667Bfb4243C705ed0`
* **BERA**: `0x223fF8E6435De4F1476bAA3384Da952e504F1dB8`
* **MOVE**: `0x2e5ba971963da78F46B1E7cCbD790ff5Bf0b8A94`
* **NEIRO**: `0xde8689172cF9a5b9DBa6A1AB0bdf4D573E67050B`
* **AIXBT**: `0x8eF5c700De1A700b4b2002D65db842CB784A0556`
* **SONIC**: `0x60C2014A9f6Be6597775489dE12caa7CE3095d71`
* **SEI**: `0x7c2130CF1F9bcCEf8E6b72FD86402A1F89e944C4`
* **LAYER**: `0x8693F1f7cF61378F37fcD6a8aDC5c045Feb06067`
* **SPY**: `0xb20818cDceb716F1F48023eC2f1abDcd28025F5f`
* **SPCX**: `0x969292C5F967A58a80BaCf3CD2Db74b2f2BDA7C6`
* **HOOD**: `0x80018520345a1C2E26ECbA0D446bA1f879C71dDF`
* **AMZN**: `0xDa979CbC9867a79ff81344500FE6a76a2EE509fF`
* **COIN**: `0x17b0b8E035a4EA5B8d122136BCcbDE98252ef0E2`
* **QQQ**: `0x4667e695Ab767A218C6f3C0919dC6846139c7810`
# OpenAPI Reference
OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision.
## Get all available trading markets
> Returns a list of all available trading markets with real-time prices, 24h trading volume, current open interest, and position fee rates. WBTC and WETH names are displayed as BTC and ETH.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/markets":{"get":{"tags":["v1"],"summary":"Get all available trading markets","description":"Returns a list of all available trading markets with real-time prices, 24h trading volume, current open interest, and position fee rates. WBTC and WETH names are displayed as BTC and ETH.","parameters":[{"name":"status","in":"query","schema":{"type":"integer","enum":[1,2,3]},"description":"Filter by market status. 1=Delisted (no longer tradable), 2=Listed (actively trading), 3=Pending delist (will be removed soon)"},{"name":"is_meme","in":"query","schema":{"type":"boolean"},"description":"Set to true to return only meme coins"},{"name":"is_tradfi","in":"query","schema":{"type":"boolean"},"description":"Set to true to return only TradFi assets (stocks and metals)"}],"responses":{"200":{"description":"List of trading markets","content":{"application/json":{"schema":{"$ref":"#/components/schemas/MarketsResponse"}}}}}}}},"components":{"schemas":{"MarketsResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"markets":{"type":"array","items":{"$ref":"#/components/schemas/MarketItem"},"description":"List of trading markets"}}}}},"MarketItem":{"type":"object","description":"A single trading market with real-time data","properties":{"address":{"type":"string","description":"Token contract address on the blockchain"},"name":{"type":"string","description":"Token display symbol. WBTC is shown as BTC, WETH as ETH"},"decimals":{"type":"integer","description":"Number of decimal places for the token (e.g., 18 for most tokens, 6 for USDT)"},"is_stable":{"type":"boolean","description":"Whether this token is a stablecoin (e.g., USDT)"},"is_shortable":{"type":"boolean","description":"Whether short positions can be opened on this token"},"is_wrapped":{"type":"boolean","description":"Whether this token is a wrapped version of another asset"},"is_meme":{"type":"boolean","description":"Whether this token is classified as a meme coin"},"is_tradfi":{"type":"boolean","description":"Whether this token is a TradFi asset (stock or precious metal)"},"coin_type":{"type":"integer","description":"Asset classification. 1=Cryptocurrency, 2=Stock, 3=Precious metal"},"fee_rate":{"type":"integer","description":"Position opening fee rate in basis points (1 bps = 0.01%). For example, 2 means 0.02% fee"},"price":{"type":"string","description":"Real-time market price with 6-decimal precision (multiplied by 1e6)"},"volume_24h":{"type":"string","description":"Total trading volume over the last 24 hours with 6-decimal precision"},"long_interest":{"type":"string","description":"Current total long position open interest with 6-decimal precision"},"short_interest":{"type":"string","description":"Current total short position open interest with 6-decimal precision"},"status":{"type":"integer","description":"Market listing status. 1=Delisted (no longer tradable), 2=Listed (actively trading), 3=Pending delist"}}}}}}
```
## Get account open positions
> Returns the current open positions for the specified wallet address. Supports pagination up to 100 records per page, with a maximum of 10,000 total accessible records. All size, collateral, and fee values use 6-decimal precision.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/account/positions":{"get":{"tags":["v1"],"summary":"Get account open positions","description":"Returns the current open positions for the specified wallet address. Supports pagination up to 100 records per page, with a maximum of 10,000 total accessible records. All size, collateral, and fee values use 6-decimal precision.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Wallet address to query positions for"},{"name":"index_token","in":"query","schema":{"type":"string"},"description":"Filter by index token contract address"},{"name":"is_long","in":"query","schema":{"type":"boolean"},"description":"Set to true for long positions, false for short positions"},{"name":"page_index","in":"query","schema":{"type":"integer","minimum":1,"default":1},"description":"Page number, starting from 1"},{"name":"page_size","in":"query","schema":{"type":"integer","minimum":1,"maximum":100,"default":20},"description":"Number of records per page (max 100)"}],"responses":{"200":{"description":"List of open positions","content":{"application/json":{"schema":{"$ref":"#/components/schemas/PositionsResponse"}}}},"400":{"description":"Request exceeds the maximum accessible page range"}}}}},"components":{"schemas":{"PositionsResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"positions":{"type":"array","items":{"$ref":"#/components/schemas/PositionItem"},"description":"List of open positions"},"total":{"type":"integer","description":"Total number of open positions matching the query filters"}}}}},"PositionItem":{"type":"object","description":"A single open position","properties":{"account":{"type":"string","description":"Wallet address that owns this position"},"index_token":{"type":"string","description":"Index token contract address (the traded asset)"},"token_name":{"type":"string","description":"Token display symbol. WBTC is shown as BTC, WETH as ETH"},"is_long":{"type":"boolean","description":"Position direction. true = long (expects price to rise), false = short (expects price to fall)"},"size":{"type":"string","description":"Position size in USD with 6-decimal precision"},"collateral":{"type":"string","description":"Collateral amount locked for this position with 6-decimal precision"},"leverage":{"type":"string","description":"Effective leverage ratio (size / collateral)"},"total_fees":{"type":"string","description":"Total accumulated fees paid for this position with 6-decimal precision"},"status":{"type":"integer","description":"Position status. 1=Currently open, 2=Closed"},"created_at":{"type":"integer","description":"Position creation time as Unix timestamp in seconds"},"updated_at":{"type":"integer","description":"Position last update time as Unix timestamp in seconds"}}}}}}
```
## Get account trade history
> Returns the trade history (both open and close positions) for the specified wallet address. Each record is either an 'increase' (opening) or 'decrease' (closing) trade. Supports filtering by time range and trade type. All financial fields use 6-decimal precision.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/trades":{"get":{"tags":["v1"],"summary":"Get account trade history","description":"Returns the trade history (both open and close positions) for the specified wallet address. Each record is either an 'increase' (opening) or 'decrease' (closing) trade. Supports filtering by time range and trade type. All financial fields use 6-decimal precision.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Wallet address to query trade history for"},{"name":"index_token","in":"query","schema":{"type":"string"},"description":"Filter by index token contract address"},{"name":"trade_type","in":"query","schema":{"type":"string","enum":["increase","decrease"]},"description":"Filter by trade direction. 'increase' = opening positions, 'decrease' = closing positions. Omit to return both."},{"name":"from_timestamp","in":"query","schema":{"type":"integer"},"description":"Start of time range filter (Unix timestamp in seconds)"},{"name":"to_timestamp","in":"query","schema":{"type":"integer"},"description":"End of time range filter (Unix timestamp in seconds)"},{"name":"page_index","in":"query","schema":{"type":"integer","minimum":1,"default":1},"description":"Page number, starting from 1"},{"name":"page_size","in":"query","schema":{"type":"integer","minimum":1,"maximum":100,"default":20},"description":"Number of records per page (max 100)"}],"responses":{"200":{"description":"List of trade records","content":{"application/json":{"schema":{"$ref":"#/components/schemas/TradesResponse"}}}},"400":{"description":"Request exceeds the maximum accessible page range"}}}}},"components":{"schemas":{"TradesResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"total_volume":{"type":"string","description":"Sum of trade sizes on the current page with 6-decimal precision"},"history_volume":{"type":"string","description":"Total cumulative trading volume for this account across all history with 6-decimal precision"},"total":{"type":"integer","description":"Total number of trade records matching the query filters"},"trades":{"type":"array","items":{"$ref":"#/components/schemas/TradeItem"},"description":"List of trade records for the current page"}}}}},"TradeItem":{"type":"object","description":"A single trade record (position open or close)","properties":{"account":{"type":"string","description":"Wallet address that executed this trade"},"trade_type":{"type":"string","description":"Trade direction. 'increase' = opened a position (long or short), 'decrease' = closed a position (partially or fully)"},"index_token":{"type":"string","description":"Index token contract address (the traded asset)"},"token_name":{"type":"string","description":"Token display symbol. WBTC is shown as BTC, WETH as ETH"},"is_long":{"type":"boolean","description":"Position direction. true = long, false = short"},"size":{"type":"string","description":"Trade size in USD with 6-decimal precision"},"collateral":{"type":"string","description":"Collateral amount involved with 6-decimal precision"},"price":{"type":"string","description":"Execution price with 6-decimal precision"},"average_price":{"type":"string","description":"Average entry price of the position when it was opened, with 6-decimal precision. Only present for decrease (close) trades"},"pnl":{"type":"string","description":"Realized profit and loss for this trade with 6-decimal precision. Only present for decrease (close) trades. Positive = profit, negative = loss"},"fee":{"type":"string","description":"Fee paid for this trade with 6-decimal precision"},"tx_hash":{"type":"string","description":"Blockchain transaction hash of this trade"},"block_number":{"type":"integer","description":"Block number where this trade was executed"},"created_at":{"type":"integer","description":"Trade execution time as Unix timestamp in seconds"}}}}}}
```
## Get latest token prices
> Returns the latest real-time price and 24-hour statistics (high, low, change) for all listed tokens. Prices use 6-decimal precision (multiplied by 1e6).
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/prices":{"get":{"tags":["v1"],"summary":"Get latest token prices","description":"Returns the latest real-time price and 24-hour statistics (high, low, change) for all listed tokens. Prices use 6-decimal precision (multiplied by 1e6).","parameters":[{"name":"index_token","in":"query","schema":{"type":"string"},"description":"Filter by index token contract address"},{"name":"symbol","in":"query","schema":{"type":"string"},"description":"Filter by token display symbol (e.g., BTC, ETH, SOL)"}],"responses":{"200":{"description":"List of token prices","content":{"application/json":{"schema":{"$ref":"#/components/schemas/PricesResponse"}}}}}}}},"components":{"schemas":{"PricesResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"prices":{"type":"array","items":{"$ref":"#/components/schemas/PriceItem"},"description":"List of token price data"}}}}},"PriceItem":{"type":"object","description":"Latest price data for a single token","properties":{"index_token":{"type":"string","description":"Index token contract address"},"symbol":{"type":"string","description":"Token display symbol (e.g., BTC, ETH, SOL). WBTC is shown as BTC, WETH as ETH"},"price":{"type":"string","description":"Latest real-time price with 6-decimal precision (multiplied by 1e6)"},"high_24h":{"type":"string","description":"Highest price in the last 24 hours with 6-decimal precision (multiplied by 1e6)"},"low_24h":{"type":"string","description":"Lowest price in the last 24 hours with 6-decimal precision (multiplied by 1e6)"},"change_24h":{"type":"string","description":"24-hour price change percentage (e.g., '2.50' means +2.50%)"}}}}}}
```
## Get all supported tokens
> Returns metadata for all supported tokens including contract address, display name, decimals, trading attributes, coin type classification, and current fee rate. WBTC and WETH names are displayed as BTC and ETH.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/tokens":{"get":{"tags":["v1"],"summary":"Get all supported tokens","description":"Returns metadata for all supported tokens including contract address, display name, decimals, trading attributes, coin type classification, and current fee rate. WBTC and WETH names are displayed as BTC and ETH.","parameters":[{"name":"status","in":"query","schema":{"type":"integer","enum":[1,2,3]},"description":"Filter by token status. 1=Delisted, 2=Listed, 3=Pending delist"},{"name":"is_meme","in":"query","schema":{"type":"boolean"},"description":"Set to true to return only meme coins"},{"name":"is_tradfi","in":"query","schema":{"type":"boolean"},"description":"Set to true to return only TradFi assets (stocks and metals)"}],"responses":{"200":{"description":"List of supported tokens","content":{"application/json":{"schema":{"$ref":"#/components/schemas/TokensResponse"}}}}}}}},"components":{"schemas":{"TokensResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"tokens":{"type":"array","items":{"$ref":"#/components/schemas/TokenItem"},"description":"List of supported tokens"}}}}},"TokenItem":{"type":"object","description":"Metadata for a single supported token","properties":{"address":{"type":"string","description":"Token contract address on the blockchain"},"name":{"type":"string","description":"Token display name. WBTC is shown as BTC, WETH as ETH"},"decimals":{"type":"integer","description":"Number of decimal places for the token (e.g., 18 for most tokens, 6 for USDT)"},"is_stable":{"type":"boolean","description":"Whether this token is a stablecoin"},"is_shortable":{"type":"boolean","description":"Whether short positions can be opened on this token"},"is_wrapped":{"type":"boolean","description":"Whether this token is a wrapped version of another asset"},"is_meme":{"type":"boolean","description":"Whether this token is classified as a meme coin"},"is_tradfi":{"type":"boolean","description":"Whether this token is a TradFi asset (stock or precious metal)"},"coin_type":{"type":"integer","description":"Asset classification. 1=Cryptocurrency, 2=Stock, 3=Precious metal"},"fee_rate":{"type":"string","description":"Position opening fee rate in basis points (1 bps = 0.01%). For example, '2' means 0.02% fee"},"price":{"type":"string","description":"Real-time market price with 6-decimal precision (multiplied by 1e6)"},"status":{"type":"integer","description":"Token listing status. 1=Delisted, 2=Listed, 3=Pending delist"}}}}}}
```
## Get protocol statistics
> Returns aggregated protocol-wide statistics including trading volume, fees, revenue, open interest, TVL, fund pool data, and unique trader count. All financial fields use 6-decimal precision. Unique traders is an integer count.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/stats":{"get":{"tags":["v1"],"summary":"Get protocol statistics","description":"Returns aggregated protocol-wide statistics including trading volume, fees, revenue, open interest, TVL, fund pool data, and unique trader count. All financial fields use 6-decimal precision. Unique traders is an integer count.","parameters":[{"name":"from_timestamp","in":"query","schema":{"type":"integer"},"description":"Start of time range filter (Unix timestamp in seconds)"},{"name":"to_timestamp","in":"query","schema":{"type":"integer"},"description":"End of time range filter (Unix timestamp in seconds)"}],"responses":{"200":{"description":"Protocol statistics","content":{"application/json":{"schema":{"$ref":"#/components/schemas/StakingResponse"}}}}}}}},"components":{"schemas":{"StakingResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"$ref":"#/components/schemas/StatsData"}}},"StatsData":{"type":"object","description":"Aggregated protocol-wide statistics","properties":{"total_volume":{"type":"string","description":"Cumulative total trading volume since inception with 6-decimal precision"},"trading_volume":{"type":"string","description":"Total trading volume with 6-decimal precision"},"long_volume":{"type":"string","description":"Total long position trading volume with 6-decimal precision"},"short_volume":{"type":"string","description":"Total short position trading volume with 6-decimal precision"},"total_fees":{"type":"string","description":"Cumulative total fees collected since inception with 6-decimal precision"},"open_fee":{"type":"string","description":"Total opening position fees with 6-decimal precision"},"close_fee":{"type":"string","description":"Total closing position fees with 6-decimal precision"},"liquidation_fee":{"type":"string","description":"Total liquidation fees with 6-decimal precision"},"manage_fee":{"type":"string","description":"Total management fees with 6-decimal precision"},"total_revenue":{"type":"string","description":"Total protocol revenue with 6-decimal precision"},"long_revenue":{"type":"string","description":"Revenue from long positions with 6-decimal precision"},"short_revenue":{"type":"string","description":"Revenue from short positions with 6-decimal precision"},"open_interest":{"type":"string","description":"Total open interest across all markets with 6-decimal precision"},"long_open_interest":{"type":"string","description":"Total long position open interest with 6-decimal precision"},"short_open_interest":{"type":"string","description":"Total short position open interest with 6-decimal precision"},"long_weighting":{"type":"string","description":"Long position weighting factor (e.g., '1661' represents 16.61%)"},"short_weighting":{"type":"string","description":"Short position weighting factor"},"tvl":{"type":"string","description":"Total Value Locked in the protocol with 6-decimal precision"},"fund_pool_volume":{"type":"string","description":"Total fund pool volume with 6-decimal precision"},"fund_pool_raised":{"type":"string","description":"Total fund pool amount raised with 6-decimal precision"},"unique_traders":{"type":"integer","description":"Total number of unique trader addresses"},"updated_at":{"type":"integer","description":"Statistics data timestamp as Unix timestamp in seconds"}}}}}}
```
## Get account liquidation history
> Returns liquidation records for the specified wallet address. Each record includes liquidation type: type 2 or 3 indicates normal liquidation events, type 4 indicates forced closure due to coin delisting, and type 5 indicates ADL (Auto-Deleveraging) events. All financial fields use 6-decimal precision.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/liquidations":{"get":{"tags":["v1"],"summary":"Get account liquidation history","description":"Returns liquidation records for the specified wallet address. Each record includes liquidation type: type 2 or 3 indicates normal liquidation events, type 4 indicates forced closure due to coin delisting, and type 5 indicates ADL (Auto-Deleveraging) events. All financial fields use 6-decimal precision.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Wallet address to query liquidation history for"},{"name":"index_token","in":"query","schema":{"type":"string"},"description":"Filter by index token contract address"},{"name":"is_long","in":"query","schema":{"type":"boolean"},"description":"Set to true for long positions, false for short positions"},{"name":"from_timestamp","in":"query","schema":{"type":"integer"},"description":"Start of time range filter (Unix timestamp in seconds)"},{"name":"to_timestamp","in":"query","schema":{"type":"integer"},"description":"End of time range filter (Unix timestamp in seconds)"},{"name":"page_index","in":"query","schema":{"type":"integer","minimum":1,"default":1},"description":"Page number, starting from 1"},{"name":"page_size","in":"query","schema":{"type":"integer","minimum":1,"maximum":100,"default":20},"description":"Number of records per page (max 100)"}],"responses":{"200":{"description":"List of liquidation records","content":{"application/json":{"schema":{"$ref":"#/components/schemas/LiquidationsResponse"}}}},"400":{"description":"Request exceeds the maximum accessible page range"}}}}},"components":{"schemas":{"LiquidationsResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"liquidations":{"type":"array","items":{"$ref":"#/components/schemas/LiquidationItem"},"description":"List of liquidation records"},"total":{"type":"integer","description":"Total number of liquidation records matching the query filters"}}}}},"LiquidationItem":{"type":"object","description":"A single liquidation event record","properties":{"account":{"type":"string","description":"Wallet address that was liquidated"},"index_token":{"type":"string","description":"Index token contract address (the liquidated asset)"},"is_long":{"type":"boolean","description":"Position direction that was liquidated. true = long, false = short"},"size":{"type":"string","description":"Position size at the time of liquidation with 6-decimal precision"},"collateral":{"type":"string","description":"Collateral amount at the time of liquidation with 6-decimal precision"},"average_price":{"type":"string","description":"Average entry price of the position with 6-decimal precision"},"mark_price":{"type":"string","description":"Mark price at the moment of liquidation with 6-decimal precision"},"liquidation_price":{"type":"string","description":"Theoretical liquidation trigger price with 6-decimal precision"},"fee":{"type":"string","description":"Liquidation fee charged with 6-decimal precision"},"realised_pnl":{"type":"string","description":"Realized profit and loss from this liquidation with 6-decimal precision. Negative values indicate a loss"},"liquidation_type":{"type":"integer","description":"Type of liquidation event. 2 or 3=Normal liquidation (margin below maintenance), 4=Forced close due to coin delisting, 5=ADL (Auto-Deleveraging)"},"tx_hash":{"type":"string","description":"Blockchain transaction hash of this liquidation"},"block_number":{"type":"integer","description":"Block number where this liquidation was executed"},"created_at":{"type":"integer","description":"Liquidation time as Unix timestamp in seconds"}}}}}}
```
## Get current position fee rates
> Returns the current position fee rate (in basis points) for each listed token. The fee rate represents the cost to open a position, expressed in bps where 1 bps = 0.01%. Returns all listed tokens when no filter is specified.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/funding_rates":{"get":{"tags":["v1"],"summary":"Get current position fee rates","description":"Returns the current position fee rate (in basis points) for each listed token. The fee rate represents the cost to open a position, expressed in bps where 1 bps = 0.01%. Returns all listed tokens when no filter is specified.","parameters":[{"name":"index_token","in":"query","schema":{"type":"string"},"description":"Filter by index token contract address. Omit to return fee rates for all listed tokens."}],"responses":{"200":{"description":"List of current fee rates","content":{"application/json":{"schema":{"$ref":"#/components/schemas/FundingRatesResponse"}}}}}}}},"components":{"schemas":{"FundingRatesResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"funding_rates":{"type":"array","items":{"$ref":"#/components/schemas/FundingRateItem"},"description":"List of current fee rates"}}}}},"FundingRateItem":{"type":"object","description":"Current fee rate for a single token","properties":{"index_token":{"type":"string","description":"Index token contract address"},"name":{"type":"string","description":"Token display name. WBTC is shown as BTC, WETH as ETH"},"fee_rate":{"type":"integer","description":"Position opening fee rate in basis points (1 bps = 0.01%). For example, 2 means 0.02% fee"}}}}}}
```
## Get room open positions
> Returns the current open positions of traders in the specified host's room. Data is served from a background cache and is eventually consistent; an empty list is returned when the cache has not been warmed yet. PnL is from the room (LP) perspective. All amounts are USDT-denominated decimal strings.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/rooms/open_positions":{"get":{"tags":["v1"],"summary":"Get room open positions","description":"Returns the current open positions of traders in the specified host's room. Data is served from a background cache and is eventually consistent; an empty list is returned when the cache has not been warmed yet. PnL is from the room (LP) perspective. All amounts are USDT-denominated decimal strings.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Room host (creator) wallet address. Note: unlike other v1 endpoints, this is the room host address, not a trader address"},{"name":"page_index","in":"query","schema":{"type":"integer","minimum":1,"default":1},"description":"Page number, starting from 1"},{"name":"page_size","in":"query","schema":{"type":"integer","minimum":1,"maximum":100,"default":20},"description":"Number of records per page (max 100)"}],"responses":{"200":{"description":"List of room open positions. Business errors are also returned with HTTP 200 and a non-zero code: 100438 = invalid account address or page out of range","content":{"application/json":{"schema":{"$ref":"#/components/schemas/RoomOpenPositionsResponse"}}}},"400":{"description":"Malformed query parameters (e.g. missing account, page_size greater than 100)"}}}}},"components":{"schemas":{"RoomOpenPositionsResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"items":{"type":"array","items":{"$ref":"#/components/schemas/RoomOpenPositionItem"},"description":"List of open positions in the room"},"total":{"type":"integer","description":"Total number of open positions in the room"},"page_index":{"type":"integer","description":"Current page number"},"page_size":{"type":"integer","description":"Current page size"}}}}},"RoomOpenPositionItem":{"type":"object","description":"A single open position inside a room. Field structure is identical to the /client/room/open-positions endpoint","properties":{"account":{"type":"string","description":"Trader wallet address"},"market":{"type":"string","description":"Market display name, e.g. BTC/USDT"},"index_token":{"type":"string","description":"Room channel index token contract address"},"direction":{"type":"string","description":"Position direction. 'long' or 'short'"},"leverage":{"type":"string","description":"Effective leverage ratio (size / collateral) as a decimal string"},"average_price":{"type":"string","description":"Average entry price as a decimal string"},"now_price":{"type":"string","description":"Current mark price as a decimal string"},"liquidation_price":{"type":"string","description":"Estimated liquidation trigger price as a decimal string. '0' when unavailable"},"collateral_size":{"type":"string","description":"Collateral amount in USDT as a decimal string"},"size_delta":{"type":"string","description":"Position size in USDT as a decimal string"},"unreleased_pnl":{"type":"string","description":"Unrealized PnL from the room (LP) perspective as a decimal string"}}}}}}
```
## Get room close position history
> Returns the closed position history of traders in the specified host's room, including force-close and liquidation flags and the room fee share. PnL is from the room (LP) perspective. All amounts are USDT-denominated decimal strings.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/rooms/close_position_history":{"get":{"tags":["v1"],"summary":"Get room close position history","description":"Returns the closed position history of traders in the specified host's room, including force-close and liquidation flags and the room fee share. PnL is from the room (LP) perspective. All amounts are USDT-denominated decimal strings.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Room host (creator) wallet address"},{"name":"page_index","in":"query","schema":{"type":"integer","minimum":1,"default":1},"description":"Page number, starting from 1"},{"name":"page_size","in":"query","schema":{"type":"integer","minimum":1,"maximum":100,"default":20},"description":"Number of records per page (max 100)"}],"responses":{"200":{"description":"List of room closed positions. Business errors are also returned with HTTP 200 and a non-zero code: 100438 = invalid account address or page out of range","content":{"application/json":{"schema":{"$ref":"#/components/schemas/RoomClosePositionHistoryResponse"}}}},"400":{"description":"Malformed query parameters (e.g. missing account, page_size greater than 100)"}}}}},"components":{"schemas":{"RoomClosePositionHistoryResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"items":{"type":"array","items":{"$ref":"#/components/schemas/RoomClosePositionItem"},"description":"List of closed positions in the room"},"total":{"type":"integer","description":"Total number of closed position records"},"page_index":{"type":"integer","description":"Current page number"},"page_size":{"type":"integer","description":"Current page size"}}}}},"RoomClosePositionItem":{"type":"object","description":"A single closed position record inside a room. Field structure is identical to the /client/room/close-position-history endpoint","properties":{"account":{"type":"string","description":"Trader wallet address"},"market":{"type":"string","description":"Market display name, e.g. BTC/USDT"},"direction":{"type":"string","description":"Position direction. 'long' or 'short'"},"leverage":{"type":"string","description":"Effective leverage ratio as a decimal string"},"average_price":{"type":"string","description":"Average entry price as a decimal string"},"close_price":{"type":"string","description":"Close execution price as a decimal string"},"collateral_size":{"type":"string","description":"Collateral amount in USDT as a decimal string"},"size_delta":{"type":"string","description":"Closed position size in USDT as a decimal string"},"released_pnl":{"type":"string","description":"Realized PnL from the room (LP) perspective as a decimal string"},"fee_share":{"type":"string","description":"Room pool fee share for this close (both open and close sides) as a decimal string"},"time":{"type":"integer","description":"Close time as Unix timestamp in seconds"},"is_force_close":{"type":"boolean","description":"Whether this close was a forced close"},"is_liq":{"type":"boolean","description":"Whether this close was a liquidation"},"tx_hash":{"type":"string","description":"Blockchain transaction hash of the close"}}}}}}
```
## Get room liquidity change history
> Returns the host's liquidity deposit and withdrawal history for the room pool, sourced from on-chain liquidity events. All amounts are USDT-denominated decimal strings.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/rooms/lp_change":{"get":{"tags":["v1"],"summary":"Get room liquidity change history","description":"Returns the host's liquidity deposit and withdrawal history for the room pool, sourced from on-chain liquidity events. All amounts are USDT-denominated decimal strings.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Room host (creator) wallet address"},{"name":"page_index","in":"query","schema":{"type":"integer","minimum":1,"default":1},"description":"Page number, starting from 1"},{"name":"page_size","in":"query","schema":{"type":"integer","minimum":1,"maximum":100,"default":20},"description":"Number of records per page (max 100)"}],"responses":{"200":{"description":"List of room liquidity changes. Business errors are also returned with HTTP 200 and a non-zero code: 100438 = invalid account address or page out of range","content":{"application/json":{"schema":{"$ref":"#/components/schemas/RoomLPChangeResponse"}}}},"400":{"description":"Malformed query parameters (e.g. missing account, page_size greater than 100)"}}}}},"components":{"schemas":{"RoomLPChangeResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"items":{"type":"array","items":{"$ref":"#/components/schemas/RoomLPChangeItem"},"description":"List of liquidity change records"},"total":{"type":"integer","description":"Total number of liquidity change records"},"page_index":{"type":"integer","description":"Current page number"},"page_size":{"type":"integer","description":"Current page size"}}}}},"RoomLPChangeItem":{"type":"object","description":"A single host liquidity change record. Field structure is identical to the /client/room/lp-change endpoint","properties":{"account":{"type":"string","description":"Host wallet address"},"amount":{"type":"string","description":"Liquidity change amount as a decimal string"},"type":{"type":"string","description":"Change type. 'deposit' or 'withdraw'"},"symbol":{"type":"string","description":"Token symbol, e.g. USDT"},"contract_address":{"type":"string","description":"Token contract address"},"status":{"type":"string","description":"Change status, e.g. 'succeed'"},"time":{"type":"integer","description":"Event time as Unix timestamp in seconds"}}}}}}
```
## Get room daily fee share trend
> Returns the room pool's daily fee share trend in ascending date order. The window covers the last N calendar days including today; days before the room's reopen time are returned as 0. Amounts are USDT-denominated decimal strings.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/rooms/fee":{"get":{"tags":["v1"],"summary":"Get room daily fee share trend","description":"Returns the room pool's daily fee share trend in ascending date order. The window covers the last N calendar days including today; days before the room's reopen time are returned as 0. Amounts are USDT-denominated decimal strings.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Room host (creator) wallet address"},{"name":"limit","in":"query","schema":{"type":"integer","default":10},"description":"Number of calendar days to return (default 10)"}],"responses":{"200":{"description":"Daily fee share trend. Business errors are also returned with HTTP 200 and a non-zero code: 100438 = invalid account address, 100009 = room pool not found for this account","content":{"application/json":{"schema":{"$ref":"#/components/schemas/RoomFeeResponse"}}}},"400":{"description":"Malformed query parameters (e.g. missing account)"}}}}},"components":{"schemas":{"RoomFeeResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"items":{"type":"array","items":{"$ref":"#/components/schemas/RoomDailyTrendItem"},"description":"Daily fee share trend points in ascending date order"}}}}},"RoomDailyTrendItem":{"type":"object","description":"A single daily trend point. Field structure is identical to the /client/room/fee and /client/room/tvl endpoints","properties":{"day":{"type":"string","description":"Calendar day in YYYY-MM-DD format"},"volume":{"type":"string","description":"Value for the day in USDT as a decimal string (fee share for the fee endpoint, TVL for the tvl endpoint)"}}}}}}
```
## Get room daily TVL trend
> Returns the room pool's daily TVL (total value locked) trend in ascending date order. Historical days are read from daily snapshots; today's value is read from the blockchain in real time. Days before the room's reopen time are returned as 0. Amounts are USDT-denominated decimal strings.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/rooms/tvl":{"get":{"tags":["v1"],"summary":"Get room daily TVL trend","description":"Returns the room pool's daily TVL (total value locked) trend in ascending date order. Historical days are read from daily snapshots; today's value is read from the blockchain in real time. Days before the room's reopen time are returned as 0. Amounts are USDT-denominated decimal strings.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Room host (creator) wallet address"},{"name":"limit","in":"query","schema":{"type":"integer","default":10},"description":"Number of calendar days to return (default 10)"}],"responses":{"200":{"description":"Daily TVL trend. Business errors are also returned with HTTP 200 and a non-zero code: 100438 = invalid account address, 100009 = room pool not found for this account","content":{"application/json":{"schema":{"$ref":"#/components/schemas/RoomTVLResponse"}}}},"400":{"description":"Malformed query parameters (e.g. missing account)"}}}}},"components":{"schemas":{"RoomTVLResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"items":{"type":"array","items":{"$ref":"#/components/schemas/RoomDailyTrendItem"},"description":"Daily TVL trend points in ascending date order"}}}}},"RoomDailyTrendItem":{"type":"object","description":"A single daily trend point. Field structure is identical to the /client/room/fee and /client/room/tvl endpoints","properties":{"day":{"type":"string","description":"Calendar day in YYYY-MM-DD format"},"volume":{"type":"string","description":"Value for the day in USDT as a decimal string (fee share for the fee endpoint, TVL for the tvl endpoint)"}}}}}}
```
## Get room detail overview
> Returns an aggregated overview of the specified host's room: deposits, pool equity, TVL, open interest capacity, active traders, 24h volume, realized PnL, net revenue, and room health. Amounts are USDT-denominated decimal strings; percentage fields are decimal ratio strings (e.g. '0.05' = 5%).
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/rooms/detail":{"get":{"tags":["v1"],"summary":"Get room detail overview","description":"Returns an aggregated overview of the specified host's room: deposits, pool equity, TVL, open interest capacity, active traders, 24h volume, realized PnL, net revenue, and room health. Amounts are USDT-denominated decimal strings; percentage fields are decimal ratio strings (e.g. '0.05' = 5%).","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Room host (creator) wallet address"}],"responses":{"200":{"description":"Room detail overview. Business errors are also returned with HTTP 200 and a non-zero code: 100438 = invalid account address, 100009 = room pool not found for this account","content":{"application/json":{"schema":{"$ref":"#/components/schemas/RoomDetailResponse"}}}},"400":{"description":"Malformed query parameters (e.g. missing account)"}}}}},"components":{"schemas":{"RoomDetailResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"$ref":"#/components/schemas/RoomDetailData"}}},"RoomDetailData":{"type":"object","description":"Aggregated room overview. Field structure is identical to the /client/room/detail endpoint","properties":{"net_deposits":{"type":"string","description":"Net deposits (deposits minus withdrawals) in USDT as a decimal string"},"net_deposits_change_percent":{"type":"string","description":"Net deposits change vs. the start of the current month as a decimal ratio string"},"total_deposits":{"type":"string","description":"Total historical deposits in USDT as a decimal string"},"total_deposits_change_percent":{"type":"string","description":"Total deposits change vs. the start of the current month as a decimal ratio string"},"withdrawable_amount":{"type":"string","description":"Host's currently withdrawable amount in USDT as a decimal string"},"pool_equity":{"type":"string","description":"Current pool equity in USDT as a decimal string"},"pool_equity_change_percent":{"type":"string","description":"Pool equity change vs. the same day last month as a decimal ratio string"},"total_tvl":{"type":"string","description":"Current total value locked in USDT as a decimal string"},"total_reversed_oi":{"type":"string","description":"Current reserved open interest in USDT as a decimal string"},"total_reversed_oi_percent":{"type":"string","description":"Reserved OI as a ratio of max OI, decimal ratio string"},"max_oi":{"type":"string","description":"Maximum open interest capacity in USDT as a decimal string"},"total_available_oi":{"type":"string","description":"Remaining available open interest in USDT as a decimal string"},"active_trader":{"type":"string","description":"Number of active traders in the room as an integer string"},"total_volume":{"type":"string","description":"Trading volume over the last 24 hours in USDT as a decimal string"},"realized_pnl":{"type":"string","description":"Cumulative realized PnL from the room (LP) perspective in USDT as a decimal string"},"net_revenue":{"type":"string","description":"Net revenue over the last 24 hours (fee share + management fee + realized PnL) in USDT as a decimal string"},"room_health":{"$ref":"#/components/schemas/RoomDetailHealth"}}},"RoomDetailHealth":{"type":"object","description":"Room health indicators","properties":{"utilization_rate":{"type":"string","description":"Open interest utilization ratio (reserved OI / max OI) as a decimal ratio string"},"risk_exposure":{"type":"string","description":"Risk exposure level. One of 'low', 'medium', 'high', 'critical'"},"risk_exposure_rate":{"type":"string","description":"Risk exposure ratio (room loss / pool equity) as a decimal ratio string. '0' when the room is not losing"}}}}}}
```
## Get room trader summary
> Returns aggregated per-trader statistics for the specified host's room: total volume, win rate, fees, and PnL from the room (LP) perspective. All amounts are USDT-denominated decimal strings.
```json
{"openapi":"3.0.3","info":{"title":"DEX Server OpenAPI","version":"1.0.0"},"tags":[{"name":"v1","description":"OpenAPI v1 — Public market data, account positions, trade history, token metadata, protocol statistics, liquidation records, and current funding rates. All financial fields are returned as decimal string values. Price and position-related fields use 6-decimal precision."}],"servers":[{"url":"https://api.deriw.com/openapi","description":"Production"},{"url":"https://api.test.deriw.com/openapi","description":"Test"}],"paths":{"/v1/rooms/traders":{"get":{"tags":["v1"],"summary":"Get room trader summary","description":"Returns aggregated per-trader statistics for the specified host's room: total volume, win rate, fees, and PnL from the room (LP) perspective. All amounts are USDT-denominated decimal strings.","parameters":[{"name":"account","in":"query","schema":{"type":"string"},"required":true,"description":"Room host (creator) wallet address"},{"name":"page_index","in":"query","schema":{"type":"integer","minimum":1,"default":1},"description":"Page number, starting from 1"},{"name":"page_size","in":"query","schema":{"type":"integer","minimum":1,"maximum":100,"default":20},"description":"Number of records per page (max 100)"}],"responses":{"200":{"description":"List of room trader statistics. Business errors are also returned with HTTP 200 and a non-zero code: 100438 = invalid account address or page out of range","content":{"application/json":{"schema":{"$ref":"#/components/schemas/RoomTradersResponse"}}}},"400":{"description":"Malformed query parameters (e.g. missing account, page_size greater than 100)"}}}}},"components":{"schemas":{"RoomTradersResponse":{"type":"object","properties":{"code":{"type":"integer","description":"Response status code. 0 = success"},"msg":{"type":"string","description":"Response message. 'success' on success"},"data":{"type":"object","properties":{"items":{"type":"array","items":{"$ref":"#/components/schemas/RoomTraderItem"},"description":"List of per-trader statistics"},"total":{"type":"integer","description":"Total number of traders in the room"},"page_index":{"type":"integer","description":"Current page number"},"page_size":{"type":"integer","description":"Current page size"}}}}},"RoomTraderItem":{"type":"object","description":"Aggregated statistics for a single trader in the room. Field structure is identical to the /client/room/traders endpoint","properties":{"account":{"type":"string","description":"Trader wallet address"},"total_volume":{"type":"string","description":"Trader's total trading volume in USDT as a decimal string"},"win_rate":{"type":"string","description":"Trader's win rate from the room (LP) perspective as a decimal ratio string"},"total_fee":{"type":"string","description":"Total fees generated by this trader in USDT as a decimal string"},"unreleased_pnl":{"type":"string","description":"Unrealized PnL from the room (LP) perspective in USDT as a decimal string"},"released_pnl":{"type":"string","description":"Realized PnL from the room (LP) perspective in USDT as a decimal string"},"managed_fee":{"type":"string","description":"Management fee income attributed to this trader in USDT as a decimal string"}}}}}}
```
# Connect to DeriW Testnet
1\) Visit the DeriW Testnet Website (
\
2\) Click 'Connect' on the top right corner.
3\) You connect to DeriW across a wide range of supported wallets such as MetaMask, WalletConnect, etc. We will be supporting more wallets as we grow.
4\) Sign in with your wallet and you will be asked to switch to Aribitrum Sepolia. If you don't get this confirmation, **please contact our support team via our Socials and we will help you**.
5\) Once connected, you will see a button named 'Testnet Token' appear next to your wallet ID. Click it to claim testnet tokens. You will also be asked to confirm connection. Once confirmed, you will enjoy **one-click permission less trading** on DeriW!
6\) Note: Only after you receive the message 'Test token has arrived and ready for minting', the mint completed, and you will find the tokens in your balance. You can now engage in Trade and Earn functions using Testnet tokens.
7\) To view transaction records, click '**View in Deriw Testnet**' to visit the DeriW Testnet Explorer. Alternately, you can [click here to access the Testnet Explorer](https://explorerv2.test.deriw.com/).
Here's a [Video Guide to Connecting & Trading on DeriW](https://www.youtube.com/watch?v=Q5MB6C_38bo\&t=1s).
# DeriW Testnet FAQ
## Which wallets are supported?
We currently support the following popular wallets below. For further instructions on installing the wallet, click on each link:
* [MetaMask](https://metamask.io/)
* [Wallet Connect](https://walletconnect.com/)
* [OKX Wallet](https://www.okx.com/)
* [CoinBase Wallet](https://www.coinbase.com/wallet)
* [Bitget Wallet](https://web3.bitget.com/en)
* [Rabby Wallet](https://rabby.io/)
## How do I add Deriw Testnet chain to my wallet
For this example, we will use ***MetaMask Wallet*** to sign in.
1. From the DeriW website, select the wallet of your choice.
2. As you sign in, you will be asked '**Switch to Deriw Testnet**'.
3. You can also manually add Deriw Testnet:
* **Network Name:** Deriw Testnet
* **RPC URL:**[ ](https://testnet.xai-chain.net/rpc)
* **Chain ID:** 2885
* **Currency Symbol:** DER
* **Block Explorer URL:**[ ](https://testnet-explorer.xai-chain.net/)
Then click '**Save**' to add the network.
## Is there a block explorer on Deriw Testnet?
For the time being, we are using Blockscout.
**For Developers:** If you want to deploy contracts to Deriw and verify it on Blockscout, follow their instructions here:
**For Users:** Go to . Enter the transaction ID in the top right corner of the page.
## What is the gas token on Deriw Testnet?
The gas token on Deriw Testnet is $DER.
# Trading on V1 (Testnet)
## Introduction
Welcome to **DeriW**, the decentralized perpetual contract trading platform where security and high capital efficiency are paramount. Our platform boasts low fees and minimal slippage, ensuring a seamless trading experience. With leverages of up to 100x, DeriW empowers users with non-custodial services, allowing them to securely manage their funds while maximizing trading opportunities.
## **Adding a Wallet**
Before you start trading on DeriW, you will have to sign in with your wallet. Sign in with any of the supported Wallets or create a new one for your convenience. Refer to [DeriW Testnet FAQ](/deriw-testnet-sepolia/deriw-testnet-faq) for more information on supported wallets.
## **Connecting Your Wallet**
Once you have a wallet, you can link it by clicking the "Connect Wallet" button on the Trade page. Alternatively, you can manually add the network:
## Trade
Visit the DeriW website and click on **Trade**.
Below is what the Trading inferface of DeriW looks like.
## **Price Chart**
Users have the option to observe the DeriW candlestick price chart, which allows them to track historical pricing within the day or adjust the time interval to view daily, weekly, or monthly data.
## Trade Sidebar
Within the trade sidebar, you have the ability to select your position mode, margin mode, order type, and adjust leverage for your position.
## Order Book
The order book provides a view of the current open orders. It displays price, size, and the available sum for both bids and asks.
## Position Section
In the position section, users can monitor their current positions, open orders, order history, trade history, transaction history, and assets. Users can also review their unrealized PnL (uPnL), estimated liquidation price, margin ratio, and other pertinent information related to their current positions. Additionally, users can close their position directly from this window using either a market or limit order.
## **Opening a Position**
On the Trade page, click "Long" or "Short" based on your preference for opening a leverage position. Long positions profit from price increases and incur losses with price decreases, while short positions work oppositely. Specify the amount and leverage, and note the "Exit Price" below the swap box, which calculates profits for immediate position closure.
## **Closing a Position**
Partial or complete position closure is possible by clicking "Close" in the position row. Profits for long positions are paid in the token being longed, while short positions yield profits in the stablecoin used to open the position.
## **Stop-Loss / Take-Profit Orders**
Create trigger orders for stop-loss and take-profit by selecting the "Trigger" tab. Trigger orders appear in your position's row and can be edited or canceled manually.
## Market Order / Limit Order
Market order is executed at the best available price in the order book and prioritizes immediate execution over price, meaning the trade is filled as soon as there are matching orders in the order book. Limit orders allow users to set a specific price at which they are willing to buy or sell an asset. They are added to the order book and are only filled when the market reaches the specified price. Swap between Market/Limit orders easily on DeriW.
## Leverage
On DeriW, you can leverage up to 100x on your trade both on limit and market orders.
## **Liquidations**
Monitor your liquidation price, which changes over time. Deposit collateral to improve liquidation price and reduce the risk of liquidation. In case of liquidation, remaining collateral after losses and fees is returned.
## **Rebates**
Based on the choice of fees on the platform chain, rebates will be returned in the corresponding currency, with the same rebate ratio and fee rules.
## **Stablecoin Pricing**
During stablecoin depegging, short positions incur collateral costs based on a spread from 1 USD to the official price. Profits for short positions are paid out based on a price of 1 USD or the current official price, whichever is higher. Swaps using depegged stablecoins also have a spread.
Long positions remain unaffected, but a warning is displayed if a large spread exists when swapping from a depegged stablecoin to long collateral. Alternative swap platforms can be considered to execute the swap before opening a long position.
# DeriW Explorer Guide
Deriw Explorer is the official blockchain explorer for the Deriw Chain. It provides a range of features and benefits that are valuable for both developers and regular users interested in the Deriw blockchain. Here are some key benefits:
* **Transaction Tracking**: Deriw Explorer allows users to track transactions in real-time. You can verify the status, details, and confirmations of any transaction on the Derow network.
* **Smart Contract Verification**: Users can view and verify smart contract code, ensuring transparency and trust in the decentralized applications (dApps) they interact with.
* **Block Information**: Users can view details about specific blocks, including the block number, timestamp, miner, and transaction count.
* **Token Tracking**: Etherscan provides detailed information about supported tokens, including total supply, holders, and transfer history.
The Deriw Explorer can be visited on . On the homepage, you will be shown a general analysis of all important data on the Deriw chain. Important information includes the number of daily transactions, wallet addresses connected on Deriw, and live block/transaction information.
## Verify your Transaction Data on Deriw Explorer
To verify whether your transactions were executed on Deriw, the Deriw Explorer offers a great way to confirm. Copy paste your wallet address that you use for trading in the search bar, and you will be shown all information about your transaction data.
Tokens highlight the number of tokens you hold on the Deriw Chain. Transactions include all that have been executed on chain.
Just below shows a breakdown of all executed transactions. This is broken down into several sections:
**Token Transfers**: This tab lists the transfer events of tokens (both ERC-20 and ERC-721) associated with the address. This includes details of tokens sent and received by the address.
**Tokens**: This tab shows the list of all tokens held by the address, including the balance of each token.
**Internal Transactions**: This tab displays internal transactions, which are transactions triggered by smart contracts rather than being directly initiated by users. They often involve transfers of value within a smart contract.
**Coin Balance History**: This tab provides a historical view of the coin balance of the address over time.
Each of these tabs provides a different aspect of the activity and assets associated with a specific connected address, giving a comprehensive view of its blockchain interactions.
For example, the most recent transaction relates to claiming testnet tokens. Upon clicking it, we can see a full analysis, including proof that $10,000 testnet tokens were claimed to this address.
Under **Tokens**, you can see the available token balance in your wallet on the Deriw Chain. In this instance, two USDT testnet tokens are visible; one for Trading, and one for LP.
# Using DeriW on Mobile
DeriW is now supported on Mobile, allowing you to make trades and stay updated on your portfolio whilst on the go.
To access DeriW and ensure a smooth trading experience, please ensure the following steps:
1\) A compatible internet explorer is installed; either the built-in browser on your mobile device or Google Chrome Browser.
2\) MetaMask APP has been installed on your Phone. Also ensure that you already have your account/address set up already. For more information on MetaMask, visit [here](https://metamask.io). \
\
**Step 1**
Visit [www.deriw.com](http://www.deriw.com) on your mobile browser or directly on the browser within the MetaMask APP and select login at the top right corner of the page.
**Step 2**
Connect using WalletConnect, and select MetaMask. We are currently working on supporting more wallets. You will be redirected to the MetaMask APP to connect your account, and switch to the DeriW Chain.
Connect using MetaMask
**Step 3**
Claim Testnet Tokens to trade by clicking on the 'Test token' icon. A confirmation message will pop up.
**Step 4**
To Trade or Buy LP, make sure to click on the three striped icon at the top right to see a list of available services and activities.
**Step 5**
For every transaction, you will be asked to confirm on your Web3 Wallet. Below is an example of a transaction confirmation on Metamask. If you arre not asked to confirm, please try again until the popup shows.
It is worth noting that during testnet launch, the DeriW Chain may take a while to load, or your Web3 Wallet may not have confirmation pop ups. Please have patience and try multiple times. If you are continuously facing issues, you can reach out to our community on Discord or Telegram and our team will help out.
# DER Token
$DER is the governance token of the DeriW platform. The four main uses of the $DER token are governance, fee discounts and pledges to verify the pledge function of the DeriW public chain.
## Token Information
### DER Token Address
Arbitrum:
### DER Token Supply
Current Supply: 200 million $DER
The supply of DER can be viewed on the \Dashboard.
### Allocation Plan
* 5% of the tokens are allocated to liquidity and used to form LP with ETH in uniswap as primary liquidity.
* 20% of tokens allocated for Airdrop Rewards.
* 5% token Chain node staking reward.
* 5% of the tokens are allocated to the VC round (10% will be released at the opening, and the remaining will be locked for one year and released in the next 12 months).
* 10% of the tokens are allocated to the founding team (locked for one year and released within 36 months).
* 28% of tokens allocated for staking rewards (long-term release)
* 27% of tokens allocated to the DAO committee governance.
### Buying DER
Steps to purchase DER can be found on the Buy \ page.
For more information on Escrowed DER and Multiplier Points please see the [Rewards](/tokenomics/rewards) page.
DER can be staked using the Earn \ page.
## Staked DER Token Address
After staking DER you will receive a Staked DER token. Note that the balance for this token will return your total staked amount including any esDER tokens and Multiplier Points.
* Arbitrum:
### Bridging
Bridging assets to Deriw involves a multi-step process across different layers of blockchain technology:
1. **From L1 to L2 (Ethereum to Arbitrum):** Users will first bridge their assets from Layer 1 (L1) Ethereum to Layer 2 (L2) Arbitrum. This step involves moving their assets from the Ethereum mainnet to the Arbitrum network, which is a Layer 2 scaling solution built on top of Ethereum.
2. **From L2 to L3 (Arbitrum to Deriw Chain):** After their assets have been bridged to Arbitrum, they will then proceed to bridge them from Layer 2 (L2) Arbitrum to Layer 3 (L3) Deriw Chain. This step involves transferring their assets from the Arbitrum network to the Deriw Chain, which is a separate blockchain network built on top of Arbitrum and Ethereum technology.
# Rewards
## The economic model of staking platform token DER
DER Rewards offer long-term users benefits in the form of Escrowed DER and Multiplier Points. esDER is equivalent to DER, but it cannot be traded directly like DER. Instead, you need to stake esDER again and exchange it for DER within one year.
## **Escrowed DER**
For "esDer," it means staked Der. This "esDer" is equivalent to Der, but it cannot be traded directly like Der. Instead, it needs to be staked again as esDer and converted into Der within one year. Here's an example:
Suppose you initially staked 1000 Der and received 100 esDer. These 100 esDer can be staked in the esDer pool, where you can earn transaction fee rewards and reward multipliers. However, these esDer are non-transferable. To make them transferable/tradeable Der, you need to stake the esDer in the vesting pool. This way, the esDer will linearly convert into Der over 365 days, and the converted Der can be withdrawn at any time. However, it's important to note that if you withdraw the corresponding staked Der during the esDer vesting/staking period, both the esDer staking rewards and vesting will stop. Each withdrawal of staked Der will correspondingly stop the esDer rewards.
Escrowed DER (esDER) serves two purposes:
1. Staked for rewards similar to regular DER tokens.
2. Vested to become actual DER tokens over a year.
Staked DER receives three types of rewards:
1. esDer rewards: Pledgers will receive esDer, providing them with more incentives and rights to participate in governance on the platform.
2. Reward multiplier: Users who stake Der will enjoy a reward multiplier to maximize the benefits from their staking.
3. Handling fee dividend: The platform handling fee share (including Swap and leverage transaction fees) will be distributed to users who pledge Der in the form of Ethereum, providing them with additional economic returns.
4. By staking Der, users can not only reduce transaction fees, but after each transaction, part of the fees will be automatically returned to the user through the smart contract as part of the transaction reward.
5. Only node verifiers who have pledged enough DER on the platform are eligible to become challengers of the Deriw chain. This innovative design realizes the decentralized governance of the platform, where token holders participate and make decisions entirely. Such an architecture not only improves the security of the platform, but also enhances token holders’ sense of participation and control over the entire ecosystem.
## **Multiplier Points**
\
When you stake Der, you earn reward multipliers at a fixed rate (1:1 with tokens) every second. Staking 1000 Der for a year will yield 1000 reward multipliers. Each reward multiplier will earn ETH rewards equivalent to regular Der tokens. However, once you unstake Der, the corresponding portion of reward multipliers will be destroyed.
The percentage increase in fee rewards due to reward multipliers is calculated as: 100 \* (staked reward multipliers) / (staked Der + staked esDer). For example: Assuming your ETH fee yield is 10%, and you have staked a total of 10,000 Der and esDer with a reward multiplier of 20%, your expected yield wouldn't be $1000 but $1200, reflecting a 20% increase in yield.
Typically, other projects offering yields are often plagued by inflation: as the number of stakers increases, the rewards per individual decrease. Setting aside the alleviation of inflationary pressure through esDer and maintaining a first-mover advantage, Der provides reward multipliers to mitigate the dilution of early participants' interests.
**Managing Rewards:**
Options on the Earn \page include:
1. Stake Multiplier Points: Claim and stake Multiplier Point rewards.
2. Claim DER Rewards: Claim vested and converted DER tokens from esDER.
3. Stake DER Rewards: Stake claimed DER.
4. Claim esDER Rewards: Claim pending esDER rewards.
5. Stake esDER Rewards: Stake claimed esDER.
These actions can be performed via the "Compound" or "Claim" buttons on the Earn \ page.
# Liquidity on Mainnet
**Super Stake USDT** is a flexible and efficient staking product designed to help you manage and grow your USDT assets with ease. By participating in each staking cycle, you have the opportunity to earn **additional returns from the fund pool**, with the option to **reinvest** at the end of each cycle to enjoy **compound growth**.
In addition to fund pool earnings, participants may also receive multiple types of income, including:
* **Fund management fees**
* **Liquidation rewards**
* **Trading Fees**
Super Stake USDT offers a simple and powerful way to increase your asset value. Whether you're new to staking or an experienced user, we invite you to explore the benefits of this innovative product.
For more details on how to participate, please refer to the sections below.[](https://docs.gmx.io/docs/providing-liquidity/v1#buying-glp)
## Add Funds to Use Super Stake USDT
To stake, you will need to top up your DeriW Account. This can be done by accessing the Trade page, then click on the 'Deposit' button. Use the Cross-Chain Bridge to transfer funds from Arbitrum to DeriW Chain. Please note that you will need to pay a ETH Gas Fee.
After adding Funds, you can use it to stake any of the products found on the Pool Data page.
After staking, you will start earning tokens and other rewards. You can check your rewards on the [Earn](https://www.deriw.com/earn) page.
## Staking Returns
Staking Returns will be based on:
* Profit and loss of the capital pool + income from handling fee sharing
* Fund pool profit and loss distribution: The distribution rules are based on the actual staked amount to distribute profits and losses.
## **Risks**
Prudence is advised when engaging with smart contracts or blockchain applications. Despite efforts to minimize risks through thorough testing, audits, and bug bounties, the potential for vulnerabilities in smart contract code always exists.
An indicative list of risks includes:
* Smart Contract Risks
* Counterparty Risks: The Liquidity pool serves as the counterparty to traders, and any profits made by traders impact the value of the Liquidity pool.
* Token Risks: Bridged tokens are reliant on the security of the bridge, while pegged tokens carry the risk of depegging.
# Rules for Staking and Unstaking of Closed-End Fund
## Staking & Unstaking (USDT Pool Trading Module)
### Staking
At the initial stage, the amount of money to be raised and lock-up period will be determined. In order to stake, users will need to bridge tokens from Arbitrum to DeriW Chain using the Cross-Chain Bridge.
The average lock-up period is 3 days. The user can apply to withdraw fund capital. The closed-end fund will then lock in its application share, and released.
If the net value of the fund pool is less than the initial amount, users can subscribe.
### Unstaking
Upon successful subscription, the funds will be locked for 3 days and can be unstaked and redeemed at any time thereafter. At the end of the lock-up period, profits from the fund pool gains and transaction fees will be shared. The exact profit distribution will vary on the actual proportion of amount staked by the user.
### How to Stake/Unstake
To Stake/Unstake, visit the [**DeriW Earn Dashboard** ](https://www.deriw.com/earn/super-stake)and connect your wallet. Refer to [DeriW Mainnet FAQ](/deriw-mainnet/deriw-mainnet-faq)for assistance on connecting your wallet successfully.
Once you have added funds to your DeriW account via the Cross-Chain Bridge, you can input the amount you wish to stake and click **\[Confirm]**. You will start to earn staking rewards after staking. Check your rewards earned on the [**DeriW Earn Dashboard**](https://www.deriw.com/earn/super-stake).
# Guide to Buying LP on Mainnet
**Step 1:** Visit the DeriW Website and sign in with your preferred Web3 Wallet. Visit [Connect to Deriw Mainnet](/deriw-mainnet/connect-to-deriw-mainnet) to successfully connect your wallet first. Click **'Earn'** from the top bar.
**Step 2:** It is now important that you have successfully added funds to your Deriw account by using our Cross-Chain Bridge from Arbitrum to Deriw Chain. This can be done by accessing the Trade page, then click on the 'Deposit' button. Please note that you will need to pay a ETH Gas Fee.
**Step 3**: Here you will see all data of LP pools. On the main page, browse between pools that are fundraising, operating and completed. For every pool, you will be shown the total supply, start/end time and the percentage of fundraising that has been completed. Based on an available pool, click 'Buy'.
**Step 4:** Select the amount you want to add to the liquidity pool based on your balance. You also choose to auto-add if required. Once done, click 'Confirm', approve on your wallet and the transaction will be approved.
**Step 5**: On the Main Earn page, you will see a section titled 'My Positions'. This shows all the LP positions you have opened, and the earnings on each position. You can filter the periods to find previous position data. For current fundraising pools that are still open, you can choose to withdraw from fundraising, or opt in to auto-buy.
At the bottom of the page, you will see all liquidity pools that have ended, the total supply, ARR/loss rate and total P\&L.
# Trading on Mainnet
## Overview
Welcome to DeriW, a decentralized perpetual contract trading platform built on AMM mechanism. The platform offers zero gas fees, low trading fees (0.02%), and leverage up to 100x. With non-custodial services, users maintain full control of their funds while accessing institutional-grade trading features.
## Getting Started
### Adding a Wallet
Before trading on DeriW, you need to connect a Web3 wallet. We currently support the following popular wallets below:
* [MetaMask](https://metamask.io/)
* [Wallet Connect](https://walletconnect.network/)
* [OKX Wallet](https://www.okx.com/)
* [CoinBase Wallet](https://www.coinbase.com/wallet)
* [Bitget Wallet](https://web3.bitget.com/en)
* [Kepler](https://www.keplr.app/)
* [Trust Wallet](https://trustwallet.com/download)
* [Rabby Wallet](https://rabby.io/)
If you don't have a wallet yet, you can download any of the above from their official websites.
### Connecting Your Wallet
1. Visit [www.deriw.com](http://www.deriw.com)
2. Click the "Connect" button in the top right corner
3. Select your preferred wallet from [the list](#adding-a-wallet)
4. Approve the connection in your wallet
Alternatively, you can manually add the DeriW network to your wallet:
* **Network Name:** DeriW Chain
* **RPC URL:**
* **Chain ID:** 2886
* **Currency Symbol:** ETH
* **Block Explorer:**
### Funding Your Account
To start trading, you need to bridge funds from Arbitrum to DeriW Chain:
1. Click the "Deposit" button on the [Trade page](https://www.deriw.com/trade)
2. Select USDT from your Arbitrum wallet
3. Enter the amount to bridge (minimum: $10)
4. Confirm the transaction and pay ETH gas fees
5. Wait for blockchain confirmation
**Important Notes:**
* You need ETH on Arbitrum to pay gas fees for bridging
* Minimum deposit: $10
* Funds will appear in your DeriW account balance after confirmation
To withdraw funds, click the "Withdraw" button and follow similar steps.
## Trading Interface
Visit the DeriW website and click on [**Trade**](https://www.deriw.com/trade).
### **Price Chart**
DeriW displays market movements through candlestick charts with adjustable time intervals.
\
DeriW executes trades directly against its unified liquidity pools and references a reliable oracle index price, eliminating the need for an order book or external market makers. Individual order execution prices, which may include price impact for large orders, are calculated separately and are not reflected in the chart.
### Oracle Index Price Mechanism
\
DeriW uses a weighted average price from multiple exchanges as its oracle index price source. The current oracle price is composed of real-time market prices from [various major exchanges](https://docs.deriw.com/trading/pricing-mechanism).
\
The system performs weighted calculations based on each exchange's market depth and trading volume. Abnormal price fluctuations are automatically filtered out. A composite price is generated that is more stable, fair, and manipulation-resistant.
\
This effectively reduces the impact of single market volatility on contract prices, prevents price manipulation from any single exchange, ensures users receive a more transparent and reliable trading experience on DeriW, and Provides fair liquidation prices based on true market consensus.
\
This multi-exchange aggregation mechanism is a key feature that protects traders from extreme price wicks that may occur on individual exchanges.
### Trade Sidebar
The trade sidebar allows you to:
* Select position mode (Long/Short)
* Select order type (Market/Limit)
* Choose margin mode
* Adjust leverage (2x - 100x)
### Position Section
In the position section, users can monitor their current positions, open orders, and order history.
In "Positions", users can review their trade size, average price, mark price, estimated liquidation price, PnL, and other pertinent information related to their current positions. Additionally, user can also set a “Trigger” to automate order closures or “Close” them manually.
In “Orders” users can check unexecuted orders; In “History”, users can check closed ones.
## **Opening a Position**
On the Trade page, click "Long" or "Short" based on your preference for opening a leverage position.
And specify:
* Position size (in USDT)
* Leverage (2x - 100x)
* Order type (Market or Limit)
After confirming the transaction, your order will immediately appear in the Position section.
**Please note:**
* For first time users, “Approve USDT” in the wallet before trading.
* If the order sizeexceeds the available liquidity, you will not be able to open an order.
### Selecting Long or Short
* **Long Position:** Profits when price increases, loses when price decreases
* **Short Position:** Profits when price decreases, loses when price increases
### Selecting a Market
Choose the asset you want to trade (e.g., BTC/USDT, ETH/USDT, SOL/USDT)
### Leverage
DeriW supports up to **100x leverage** on both market and limit orders.
**Risk Warning:** Higher leverage amplifies both gains and losses. Use appropriate risk management and monitor your positions actively.
## Managing Positions
After opening a trade, you would be able to review it under your positions section review including trade size, average price, mark price, estimated liquidation price, PnL, margin and other pertinent information related to their current positions.
You can also click on "+" button to deposit or withdraw USDT to change its margin.
### **Average Price**
The **average price** is the weighted average price at which your position was opened.
If you open a position in a single order, the average price equals your execution price. If you increase your position multiple times, the average price is recalculated based on all entries
**Example:**
> First entry: Buy 100 USDT worth of ETH at $2,000 = 0.05 ETH
>
> Second entry: Buy 100 USDT worth of ETH at $2,100 = 0.0476 ETH
>
> Average price = (100 + 100) ÷ (0.05 + 0.0476) = $2,049.18
**What it's used for:**
* Calculating your total position cost basis
* Determining your overall profit/loss percentage
* Displayed in your position row for reference
### **Mark Price**
The **mark price** is the current oracle index price aggregated from multiple exchanges. For more details on this price mechanism, see [Oracle Index Price Mechanism](#oracle-index-price-mechanism).
**What it's used for:**
* Calculating your **unrealized PnL** (profit and loss)
* Determining if your position reaches the **liquidation price**
* Triggering **TP/SL orders**
* Displaying on the K-line chart
**Important Notes:**
* Mark price updates in real-time based on market movements
* Your liquidation is based on mark price, not execution price
* Mark price is independent of your average entry price
### Price Difference and PnL
Your **unrealized profit/loss** is calculated as:
```
PnL = (Mark Price - Average Price) × Position Size ÷ Average Price
```
**For Long Positions:**
* If Mark Price > Average Price → You're in profit
* If Mark Price < Average Price → You're in loss
**For Short Positions:**
* If Mark Price < Average Price → You're in profit
* If Mark Price > Average Price → You're in loss
## **Closing a Position**
Partial or complete position closure is possible by clicking "Close" in the position row. An automatic position closure is also possible by clicking "SL/TP".
## Order Types
### Market Orders
Market orders execute immediately at the current oracle price. There is limited price impact for opening positions according to the slippage setting. But large positions may incur slippage when opening to protect pool stability.
### Limit Orders
Limit orders allow you to set a specific price for entry. Limit orders attempt to execute when the oracle price reaches your limit price. Using the DeriW AMM Model, limit orders differ from those on orderbook exchanges. Since there is no orderbook for orders to "rest" on, a limit order executes by attempting to match the closest oracle price once its limit price is triggered. This mechanism means the execution will generally differ from your set limit price.
These orders appear in your position row and under the "Orders" tab. You can edit or cancel them at any time.
Limit orders are not always executed successfully. This usually happens in three main scenarios:
1. The price target wasn't quite met: The market price (or "mark price," which is the average across exchanges) never actually reached the specific price you set.
2. Not enough buyers or sellers: The mark price was met, but there wasn't enough trading volume (liquidity) available at that exact moment to fill your order.
3. Leverage limits exceeded: Executing the order would push your current leverage above the maximum allowed limit for that trade or position.
### **Stop-Loss / Take-Profit Orders**
Create trigger orders for stop-loss and take-profit by selecting the "Close" tab in the position row. Set your Stop Loss and/or Take Profit trigger prices and amounts.
These orders appear in your position row and under the "Orders" tab. You can edit or cancel them at any time.
**Note:** TP/SL orders are not guaranteed to execute if:
* The mark price did not reach the specified trigger price
* There is insufficient liquidity at trigger time
## Liquidations
The liquidation price is defined as the price at which the token price exceeds or falls below the average price by a certain range—that is, when the loss plus transaction fees equals a certain percentage of the margin.
It is calculated as follows:
```
(Collateral - Losses - Total Fees) < Threshold % of Position Size
```
The liquidation threshold percentage ranges from **0.5% to 1.5%** of your position size, depending on market conditions and pool settings. If the token price falls below this point, the position will be automatically liquidated.
Total Fees include opening/closing fees, and funding rates. Leverage is the leverage multiplier chosen by the user.
### Liquidation Price
Your liquidation price is displayed in the position section and indicates the price level at which your position will be automatically closed.
Your liquidation price is **not static**. It changes over time due to accruing funding rates, or changes in your collateral value.
For positions with high leverage held for more than a few days, actively monitor your liquidation price. When the position is liquidated, the actual execution price may fluctuate relative to the displayed forced liquidation price, and may not be directly reflected on the K-line chart.
It is important to understand that your liquidation price is not fixed, especially when you use leverage over 10 times and hold the position for many days, requiring close attention/monitoring.
In order to lower the liquidation risk, you can deposit additional USDT collateral through the "Margin" button in the position row, which can effectively raise (lower) the liquidation price.
Finally, if your position is liquidated, after considering losses, liquidation fees, and other payable fees, the remaining collateral will be automatically returned to your wallet.
## Slippage
DeriW utilizes the Pendulum AMM (Automated Market Maker) mechanism, meaning you trade directly with the liquidity pool instead of with other traders. Slippage refers to the difference between the expected execution price when you submit an order and the actual price at which the order is filled, which is caused by price volatility during the period the order is pending.
The slippage setting is applied at the time the position is opened. Fluctuations occur both upon opening the position and after the on-chain execution.
The default slippage is 0.1%, which can be adjusted in the settings or in the trading box when placing a trade.
### Liquidity Pool Slippage Mechanism
When the market becomes heavily one-sided and exceeds the liquidity pool's capacity, the system automatically applies a slight slippage to newly opened positions in that direction to protect overall fair trading
Slippage is triggered when net exposure (difference between longs and shorts) becomes heavily one-sided and this exposure exceeds **70% of the liquidity pool capacity**
**Example Scenario:**
```
Current Positions:
- Total Long Positions: 1,000 USDT
- Total Short Positions: 700 USDT
- Net Long Difference: 300 USDT
Liquidity Pool: 280 USDT
Result:
- Net exposure (300 USDT) > 70% of pool (196 USDT)
- Opening new long positions WILL trigger slippage
- Opening short positions will NOT be affected
```
### **Slippage Calculation**
The platform uses a dynamic calculation model. The slippage percentage depends on your position size, current net exposure in that direction, available liquidity pool balance, and total market position size in that direction.
For Long Positions:
```
Long Slippage = (User Long Size + (Net Long - 70% of Pool)) ÷ Total Longs × 2%
```
For Short Positions:
```
Short Slippage = (User Short Size + (Net Short - 70% of Pool)) ÷ Total Shorts × 2%
```
## Fees and Rebates
### Trading Fees
DeriW offers industry-leading low fees:
> Opening Fee = Position Size × Leverage × 0.02%
> \
> Closing Fee = Position Size × Leverage × 0.02%
Fees are charged once on open and once on close.
**Example:**
> Position size: 10,000 USDT
>
> Opening fee: 10,000 × 0.02% = 2 USDT
>
> Closing fee: 10,000 × 0.02% = 2 USDT
>
> Total fees: 4 USDT
OG/VIP users receive real-time rebates. (Read more [DeriW OG Program](/rewards-and-competitions/deriw-og-program)).
#### VIP Fee Rebates (OG Program)
Users holding DER points receive real-time fee rebates:
| DER Points Held | VIP Level | Fee Rebate |
| --------------- | --------- | ---------- |
| ≥ 5,000 DER | VIP 2 | 20% |
| ≥ 400 DER | VIP 1 | 10% |
Rebates are applied instantly upon trade execution. For more details, see the [DeriW OG Program](/rewards-and-competitions/deriw-og-program)).
## **Stablecoin Pricing**
During stablecoin depegging, short positions incur collateral costs based on a spread from 1 USD to the official price. Profits for short positions are paid out based on a price of 1 USD or the current official price, whichever is higher. Swaps using depegged stablecoins also have a spread.
Long positions remain unaffected, but a warning is displayed if a large spread exists when swapping from a depegged stablecoin to long collateral. Alternative swap platforms can be considered to execute the swap before opening a long position.
## Risk Management Advisory: Choosing Your Leverage
To better protect the security of your assets, we recommend choosing a reasonable leverage multiplier when trading.
Although high leverage magnifies profits, it equally magnifies risks, which can easily lead to unnecessary losses during periods of rapid market fluctuation.
Please operate according to your own risk tolerance, reasonably control your position size, and trade steadily.
# Pricing Mechanism
## DeriW Pricing Mechanism Explained
This document explains how DeriW sources its prices, and how chart prices relate to the prices you actually receive when opening, closing, or triggering an order.
### 1. Price Sources
DeriW's bid and ask prices are not drawn from a single exchange. They are aggregated in real time from multiple major markets:
* Binance
* Bybit
* OKX
* Gate
* Hyperliquid
* iTick (used to supplement pricing for certain stock/FX-linked assets)
The system continuously pulls quotes from the sources above and takes the **best bid** (the highest bid across all sources) as DeriW's bid, and the **best ask** (the lowest ask across all sources) as DeriW's ask. Aggregating multiple sources this way reduces the impact of a single data source experiencing an outage or a brief abnormal quote.
### 2. Two Prices: Mark Price vs. Execution Price
DeriW uses two distinct prices for two different purposes. Understanding the difference is key to understanding your order results:
| | Mark Price | Execution Price |
| ---------------------- | -------------------------------------------------------------------------- | ---------------------------------------------------------------- |
| Calculation | (Bid + Ask) / 2 | Bid or ask, depending on direction |
| Used for | Chart display, funding rate calculation | Actual fills on open/close/liquidation |
| Relationship to spread | Bid/ask used here already include a very small, platform-configured spread | Based on the same spread-adjusted bid/ask, applied per direction |
**Mark Price** is the midpoint of the bid and ask, and is what drives the price you see on the chart as well as funding rate settlement. Because the bid/ask feeding into this calculation includes a very small platform-configured spread, you may notice minor differences in chart movement compared to other platforms — this is expected and does not indicate a data issue. Mark Price itself is never used to fill an actual order.
**Execution Price** is the price you actually receive when opening or closing a position, and can differ from Mark Price depending on direction, as explained below.
### 3. Execution Pricing Rules for Opening and Closing
DeriW prices opens and closes the way a real market operates:
| Action | Direction | Execution price basis |
| ------------------- | -------------------- | --------------------- |
| Open | Long (buy to open) | Ask |
| Open | Short (sell to open) | Bid |
| Close / Liquidation | Long | Bid |
| Close / Liquidation | Short | Ask |
This mirrors how any real market works: **you buy at the seller's price and sell at the buyer's price.** As a result, there is a natural spread between your entry and exit prices. This spread is a normal cost of trading — it is not a system error or an attempt by the platform to inflate prices.
The size of the spread moves with market liquidity — it can widen during sharp volatility or thin liquidity, just as it would on a real exchange.
### 4. Limit Orders / Stop Loss & Take Profit
**The trigger price you set and the price your order actually fills at can differ.** This is a normal characteristic of any price-driven order system (as opposed to a manually queued order book):
* When the market reaches your trigger price, the system generates your fill price based on the market bid/ask at that moment
* In fast-moving markets, your fill price may deviate somewhat from your trigger price
* You can set a **maximum acceptable slippage** when placing an order. If the resulting execution price falls outside that range, the order will not be filled — this protects you from filling at a price far worse than expected during extreme market moves
### 5. Protections During Extreme Market Conditions
In rare situations — for example, a brief disruption at one of our data sources — the system may detect quotes that appear temporarily invalid. DeriW's price aggregation system is designed to automatically detect and filter these:
* Brief data anomalies are filtered out automatically and do not affect your normal trading experience
* If an anomaly persists, trading on the affected asset will be paused until pricing returns to normal, to protect user funds
We recommend checking platform announcements before trading for any notices about market anomalies that may affect a specific asset.
***
If you have any questions about this explanation, please reach out through [official customer support channels](https://docs.deriw.com/resources/official-links).
# Trading Fee Refunds
View your Trading Fee Refund via your Account Page.
Trading Fee Refunds vary for OG and Refund Commissions. Switch between the two to view your Refunds.
Join the Referral Program and earn commissions of at least 50% [here](https://www.deriw.com/referral-program).
# Funding Fee
### Overview
Funding is a periodic fee designed to keep open interest balanced between long and short positions. Unlike a trading fee, funding is not a cost of using the platform — it only activates when the market is skewed toward one side, and it scales with how skewed that market is.Positions on the side of the imbalance pay funding into the protocol's liquidity pool. There is no direct long-vs-short transfer: if longs are the crowded side, longs pay; if shorts are the crowded side, shorts pay. The opposite side pays nothing for that period.
### Formula
```
Funding Payment = Position Notional × FundingMax × R²
```
**Position Notional** — the USD value of your position, calculated as position size × oracle price at the moment of settlement.**FundingMax** — the maximum funding rate for the market, reached only when open interest is entirely one-sided. This value is configurable per market and calibrated so that even in a worst-case, fully one-sided scenario sustained over a set period, the accumulated cost stays within a defined cap.**R** — the open interest imbalance ratio:
```
R = |Long OI − Short OI| / (Long OI + Short OI)
```
R always falls between 0 and 1:
* **R = 0** when long and short open interest are exactly balanced → funding rate is 0, nobody pays.
* **R = 1** when open interest is entirely one-sided (all longs or all shorts) → funding rate equals FundingMax, the maximum possible rate.
Because the imbalance ratio is squared, funding responds gently to small, everyday fluctuations in positioning and rises sharply only as the market approaches a genuine extreme. A mild imbalance produces a small fraction of the maximum rate; a severe, sustained imbalance is what drives the rate toward its cap.
### How it's charged
Funding is settled periodically. The settlement interval is currently **every 8 hours**, though this interval may be adjusted over time as market conditions evolve — check the trading panel for the current cycle length and countdown to the next settlement. At each settlement:
1. The protocol reads the open interest imbalance (R) and the resulting rate at that exact moment.
2. Each open position on the crowded side is charged: its notional value at that moment, multiplied by the rate.
3. The charge is deducted directly from the position; there is no fee collected by the protocol itself — it flows into the pool that backs the other side of the market.
If a settlement fails to process for any reason, it is caught up automatically at the next settlement cycle.
### What happens when you resize a position
Funding is only ever calculated using your position size **at the exact moment of settlement** — it does not look back at what your size was earlier in the period.
* **No change:** your position is simply charged based on its unchanged size.
* **You increase your position before the next settlement:** the next charge uses your new, larger size.
* **You decrease your position before the next settlement:** the next charge uses your new, smaller size.
* **You close your position before the next settlement:** no new funding is charged for that period, since there's no open position left when settlement occurs. Funding already charged in prior periods is not refunded.
* **You open a new position shortly before a settlement:** it will be included in that settlement using its size at that moment, even if it was only open briefly.
Your cumulative funding is simply the sum of every individual settlement charge since you opened the position:
```
Cumulative Funding = Σ (position notional at settlement × rate at settlement)
```
Each settlement is calculated independently based on the state . At that instant — there's no averaging or proportional splitting across a period in which your size changed.
#### Example
The mechanics below apply regardless of the current settlement interval — this example uses a 4-hour cycle purely for illustration. A trader's position changes as follows:
| Time | Event | Position Size | Charged at next settlement |
| ------------------ | ------------------ | ------------- | ----------------------------- |
| 10:00 | Opens position | 1 BTC | — |
| 12:00 (settlement) | — | 1 BTC | A = 1 × oracle price × rate |
| 13:00 | Increases to 2 BTC | 2 BTC | — |
| 16:00 (settlement) | — | 2 BTC | B = 2 × oracle price × rate |
| 17:00 | Reduces to 0.5 BTC | 0.5 BTC | — |
| 20:00 (settlement) | — | 0.5 BTC | C = 0.5 × oracle price × rate |
**Cumulative Funding = A + B + C**
# Perp Fees & Risk Parameters
## Trading Fees
Fees: 0.01%\
\
Opening Fee = Position Size × Leverage × 0.01%
\
Closing Fee = Position Size × Leverage × 0.01%
* Both fees are charged once on open and once on close.
* OG/VIP users receive real-time rebates. (Read more [DeriW OG Program](/rewards-and-competitions/deriw-og-program)).
#### Real-Time VIP Fee Rebate Table (OG)
| DER Points Held | VIP Level | Fee Rebate |
| --------------- | --------- | ---------- |
| ≥ 5,000 DER | VIP 2 | 20% |
| ≥ 400 DER | VIP 1 | 10% |
Rebates are applied instantly upon trade execution.
## Funding Rate
The funding rate is used to balance the long and short positions on the platform, protecting ALPs from excessive risk exposure during trading and minimizing the holding risk of the pool.
**Calculation formula:**
```
Funding Rate = (Net Floating PnL of Longs or Shorts) ÷ (Total Funds in Long + Short Pool) × 0.01
```
* If both sides show positive PnL, both long & short pay funding.
* Funding Fee = Position Size × Funding Rate
If both sides are positive, both long and short positions will be charged the funding rate. The funding fee that users need to pay = the position amount held \* funding rate This fee is charged every 60 minutes.
## Liquidation
The liquidation price is defined as the price at which the token price exceeds or falls below the average price by a certain range—that is, when the loss plus transaction fees equals a certain percentage of the margin. It is calculated as follows: when (collateral - loss - Toatl fees) falls below a certain percentage of the position size, the price is set as the liquidation price. This percentage ranges from 0.5% to 1.5%, depending on market conditions and pool settings. If the token price falls below this point, the position will be automatically liquidated.
Total Fees: opening/closing fees, funding fees.
Leverage is the leverage multiplier chosen by the user.
## Slippage (PendulumAMM Mechanism)
Only applied when **net long or short imbalance exceeds 70% of the liquidity pool capacity**.
**Formulas:**
Long Slippage = (User Long + (Net Long−Short − 70% of pool)) ÷ Total Long × 0.02\
Short Slippage = (User Short + (Net Short−Long − 70% of pool)) ÷ Total Short × 0.02
Net position difference between long and short positions = Total amount of long positions - Total amount of short positions or Net position difference between long and short positions = Total amount of short positions - Total amount of long positions
Opening slippage is only charged when the "net position difference between long and short positions" is greater than 0.
### **Liquidity Pool Slippage Mechanism**
When the market becomes heavily one-sided beyond the liquidity pool’s capacity, the system will automatically apply slight slippage to newly opened positions in that direction in order to protect overall fair trading. This mechanism only triggers when necessary for risk control.
***
### **1. Under what conditions will slippage occur?**
Slippage is triggered when the market shows extreme one-sided positioning and the exposure exceeds what the liquidity pool can support. In this case, newly opened orders in that direction will incur slippage.
#### **Example:**
Current positions:
* **Total Long Positions:** 1000 USDT
* **Total Short Positions:** 700 USDT
Therefore:
**Net Long Difference = 1000 – 700 = 300 USDT**
If the current liquidity pool amount is **280 USDT**, the pool is no longer sufficient to cover the 300 USDT long exposure:
✅ Opening **new long positions** will trigger slippage\
✅ Opening **short positions** will **NOT** be affected
***
### **2. How is slippage calculated?**
The platform uses a dynamic calculation model. The slippage percentage is related to:
* The user’s position size for this order
* Current long/short net exposure
* Liquidity pool balance
* Total market position size in that direction
#### **Formula**
**Long Position Slippage:**
(User Long Size+(Net Long Difference−Liquidity Pool Total×70%))÷Total Long Position Size×2%
**Short Position Slippage:**
(User Short Size+(Net Short Difference−Liquidity Pool Total×70%))÷Total Short Position Size×2%
***
### **3. Important Notes**
✅ Slippage only occurs when exposure in one direction exceeds the pool’s capacity\
✅ Slippage is a **risk-protection mechanism**, not an extra platform fee\
✅ Slippage will automatically disappear once the market returns to balance\
✅ The exact slippage level adjusts in real-time with market conditions
# DER & DER+ Points
By trading and taking part in DeriW’s activities, users have the opportunity to win DER & DER+ points, which can give the following benefits:
\- Trading rebates of up to 20%
\- Airdrop Opportunities
\- Governance role
\- VIP perks and others.
**DER Points** are Points earned during **DeriW Testnet**.
**DER+ Points** are Points that earned during **DeriW Mainnet**.
You can view your DER & DER+ Points balance by clicking on the Airdrop Tab.
# SUPERNOVA+ Competition
[**SUPERNOVA+**](https://www.deriw.com/supernova-mainnet-first-incentive-program) is a flagship trading competition hosted by DeriW to mark the official launch of Mainnet. Whether you are a seasoned derivatives trader or new to perp DEX, this campaign offers an accessible, risk-free environment with exciting incentives and rewards.
Participants can execute trades, complete tasks, climb the leaderboard, and earn DER+ points that may translate into benefits in the mainnet phase.
***
## **Event Time**
The event time is based on UTC+0. It starts from August 6, 2025. The points leaderboard is settled in real time, but there may be a slight delay in the displayed data.
***
## How to Earn Points
### **Trading Points**
\
Trading points are calculated based on trading volume:
* For every 50 USDT traded, you aern **5 DER+ points**.
* For every 970 USDT traded, you earn **95 DER+ points.**
* For every 1,000 USDT traded, you earn **100 DER+ points.**
### **Referral Points**
\
When a user registers using your invitation link and completes their **first trade of ≥10 USDT**, the referral relationship is established.\
You will receive **300% of their trading points** as a referral rebate.
### Cold Start Bonus Period
The first four weeks are designated as a **Cold Start Bonus Period**, during which all users receive a **30% bonus** on trading points.\
Cold Start Period: From **00:00, August 6, 2025 to 23:59, September 3, 2025 (UTC+0)**
### Extra Bonus for Holding Testnet DER Points
Users holding testnet DER points will receive additional trading point bonuses:
| Testnet DER Points | Mainnet DER+ Points Bonus |
| ------------------ | ------------------------- |
| 0–1000 | 5% |
| 1001–3000 | 10% |
| 3001–7000 | 15% |
| 7001+ | 20% |
***
## Points Usage
Both **Mainnet DER+ points** and **Testnet DER points** can be used for future **token airdrops**, **platform benefit redemptions**, and more.
***
## How to Participate: Step-by-Step Guide
Participating in DeriW SUPERNOVA+ is straightforward and rewarding. Follow these simple steps:
### Step 1: Create/Sign in with Web3 Wallet
* Visit the official DeriW website ([www.deriw.com](https://www.deriw.com/)).
* Connect your wallet on the top right hand corner.
* You can click on the preferred wallet below to download:
* [MetaMask](http://metamask.io/)
* [OKX](https://www.okx.com/en-sg/web3)
* [CoinBase](https://www.coinbase.com/en-sg/wallet)
* [Wallet Connect](http://etconnect.com/)
### Step 2: Add Funds
* Use Deriw's Cross-Chain Bridge to add funds from Arbitrum to your DeriW Chain Account. You will need to pay ETH Gas Fees.
* After funds have been successfully added, can be used to complete tasks in the SUPERNOVA+ competition.
### Step 3: Make a Trade
* [SUPERNOVA](https://deriw.com/supernova-mainnet-first-incentive-program)+ has various trading tasks that lets you claim more DER+ tokens.
* Navigate to the **“Trade”** tab
* Your available balance will appear at the top
* Choose a trading pair (e.g., BTC/USDT, ETH/USDT)
* Set your order and execute a long or short position
> Completing trading tasks will contribute to your level and unlock additional rewards.
Step 4: Stay Updated and Win Prizes
* Monitor your points status regularly on the Supernova+ Leaderboard and keep up-to-date with all relevant.
***
## Disclaimer
DeriW reserves the right to independently and/or at any time **modify or change** the event or its rules **without prior notice**, including but not limited to:
* Canceling, extending, terminating, or suspending the event
* Changing eligibility criteria, selection process, number of winners, or timing of actions
All participants will be bound by the updated terms.
***
## Join the SUPERNOVA+ Now!
This is your opportunity to engage early with DeriW and earn exclusive recognition on Mainnet.
# DeriW OG Program
## **Introduction to the DeriW OG Program**
The DeriW OG program is a special initiative designed to reward early adopters and active contributors within the DeriW ecosystem. As an OG, you gain exclusive privileges, enhanced rewards, and a key role in shaping the future of the platform. This program recognizes those who help DeriW grow, ensuring that our most loyal and engaged users receive the benefits they deserve.
Those who took part in Deriw's testnet activities will already enjoy a variety variety of perks, including trading fee rebates. In the future, OGs may be entitled to governance voting rights, exclusive access to events, and much more. Let’s grow together, starting from day one.
### **OG Perks Overview**
**Trading Fee Discounts**\
OG status grants VIP-level trading fee rebates, automatically based on the amount held—no application required.
* Up to **20% rebate** on trading fees.
**Governance Voting Rights**\
As an OG, you will be granted governance rights, enabling you to participate in crucial community decision-making processes.
* Vote on new token listings.
* Shape key product features and the roadmap.
* Contribute to protocol-level governance.
**Referral Program Boost**\
OGs enjoy enhanced benefits in the referral program.
* Earn up to **70% commission** by referring new users.
* Enjoy faster approval and higher tier access for OGs.
**Staking Bonus Yield**\
Once staking is live on the mainnet, OGs will benefit from:
* Enhanced **APY** for staking rewards.
* **+10% bonus yield** compared to the base rate.
**LP Double Reward Period**\
During the mainnet launch, OGs have access to an exclusive LP pool that provides **2× rewards** for a limited time.
* This exclusive LP pool will be available for the first **2 weeks** of the mainnet launch.
**Influence & Community Honor**
**Builder Council Nominee**\
After the mainnet launch, DeriW will establish a Builder Council and Early Advisor Group.
* OGs will be shortlisted as core candidates for the Builder Council.
* You will have a formal role in shaping governance and driving long-term growth.
**AMA & Space Guest Opportunities**\
OGs have priority access to participate in DeriW’s AMA sessions and Twitter Spaces events.
* Engage with the community through **Twitter Spaces**.
* Share insights and gain official exposure during **AMA sessions** on **Discord** and **Telegram**.
**Exclusive IRL Access**\
OGs will have the opportunity to attend in-person events such as TOKEN2049.
* Priority access to offline meetups and private sessions with the DeriW team.
* Special regional events for community members around the world.
**Community Mod / Partner Priority**\
OGs receive priority consideration for various community roles.
* Access to **Community Moderator** positions.
* Early access to **Community Partner** slots.
* Exclusive resources, official support, and increased visibility.
***
### **How to view your current OG Points?**
1\) Visit the OG Page [https://deriw.com/airdrop](https://dev.deriw.com/airdrop)
2\) You will be able to see your current Points level.
### **How to receive OG Benefits?**
To qualify as an OG, users must actively engage in the DeriW platform, particularly during the Mainnet early phase, and contribute feedback. Key criteria for OG status include:
* Actively trading and providing valuable feedback on the Testnet.
* Earning DER+ Points through your contributions.
* Rankings and contribution levels will determine eligibility for OG status.
**Stay tuned** for upcoming announcements on how to enhance your OG points and additional details on the rewards associated with it.
# Introduction
## What is Edge Hour?
Welcome to [Edge Hour](https://www.deriw.com/edge-hour)—DeriW's time-limited trading challenge.
Edge Hour is a **time-limited trading competition**. You pay an entry fee **from $5**, receive **$10,000 in virtual capital**, and have **1-8 hours** to complete the challenge objectives. Successfully meet all criteria to win **2-10x your entry fee**. This isn't traditional perpetual trading—it's a **fair test of trading skill**.
***
### Core Features
**Time-Limited Competition:** Each challenge has a defined time limit (1/2/4/8 hours) with automatic settlement when time expires.
**Multiplied Rewards:** Hit your target and win 2-10x your entry. e.g. Pay $50 entry for a 10x challenge, win $500 reward on success.
**Equal Starting Point:** Everyone begins with the same $10,000 virtual capital. Success depends purely on your trading strategy and risk management.
**Low Entry Threshold:** Starting from just $5—accessible to all traders regardless of capital.
**On-Chain Transparency:** All trades and settlements execute on-chain, ensuring transparency and verifiability.
# Getting Started
## Three Steps to Begin
### Step 1: Choose a Challenge
1. Visit the [Edge Hour Challenge Page](https://www.deriw.com/edge-hour)
2. Customize your challenge parameters:
1. Choose duration
2. Select your entry amount (starting from $5 to the maximum)
3. Select reward multiplier
3. Review your challenge details before confirming
> **Note**: Entry amount determines reward amount. For example, a $100 entry with 10x multiplier = $1,000 reward if successful.
### Step 2: Start Trading
1. Click "Start Challenge" and confirm payment
2. Challenge begins immediately—countdown starts
3. You receive $10,000 virtual capital to start trading
> **Important**: Each wallet address can only have one active challenge at a time.
### Step 3: Trade, Complete, Claim Rewards
1. Trade within the time limit
2. Meet all completion criteria (see [Challenge Rules section](/edge-hour/challenge-rules))
3. After challenge ends, click "Claim Reward"
4. Rewards sent directly to your wallet
# Challenge Rules
## Completion Criteria
There is a progress bar at the top of the challenge interface. The bar advances each time you complete a trade that satisfies the challenge rules.To successfully complete a challenge, you must meet all of the following conditions: reach the profit target, stay within the drawdown limit, complete the minimum number of valid trades, comply with the single-trade profit cap, close all positions, and follow the 60-second holding rule.
### Condition 1: Reach Profit Target
Your account equity must reach or exceed the target amount.**Example**:
* Starting capital: $10,000
* Target equity: $10,500 (+5%)
* Required: Account equity ≥ $10,500
***
### Condition 2: Stay Within Drawdown Limit
Your account equity must never drop below the drawdown threshold.**Example**:
* Starting capital: $10,000
* Max drawdown: -3%
* Threshold: $9,700
* Required: Account equity ≥ $9,700 at all times
> **Warning**: Hitting the drawdown limit immediately terminates the challenge and triggers liquidation of all positions.
***
### Condition 3: Complete Minimum Valid Trades
Different challenge durations require different minimum trade counts:
| Challenge Duration | Minimum Valid Trades Required |
| ------------------ | ----------------------------- |
| 1 hour | 2 |
| 2 hours | 2 |
| 4 hours | 3 |
| 8 hours | 3 |
**What qualifies as a valid trade?** A trade is considered valid only if it is held for 60 seconds or longer.
***
### Condition 4: Single Trade Profit Cap
No single trade's profit may exceed 75% of the total profit target.
\
**Why this limit exists:** To prevent completing challenges through extreme market moves or high leverage on a single trade, ensuring fairness and skill-based competition.
#### **Example**:
* Profit target: +8% ($800)
* Single trade profit cap: $800 × 75% = $600
* If a single trade profits over $600, challenge fails
***
### Condition 5: All Positions Closed
When the challenge ends, your account must have no open positions. Before countdown expires, you can manually close all positions.
***
### Condition 6: The 60-Second Holding Rule
A trade is considered valid only if it is held for 60 seconds or longer. This rule prevents high-frequency manipulation and ensures challenges test genuine trading skill.Positions that have not yet reached 60 seconds will be highlighted. When you try to close a position before 60 seconds, a confirmation prompt will appear to remind you that the trade may be treated as an invalid trade.\
For trades held **less than 60 seconds**, P/L is handled as follows:
| Outcome | Treatment |
| ------------ | ---------------------------------------- |
| Profit | Profit NOT counted toward account equity |
| Loss | Loss counted toward account equity |
| Trading fees | Always counted toward account equity |
#### **Examples**
**Scenario 1: Hold for 50 seconds, profit = $100**
* This $100 is not added to your account equity
* It does not count as 1 valid trade
* Your challenge progress remains 0
**Scenario 2: Hold for 50 seconds, loss = $50**
* This $50 is deducted from your account equity
* It does not count as 1 valid trade
* Account equity: $10,000 - $50 = $9,950
**Scenario 3: Hold for 70 seconds, profit = $100**
* The profit is counted normally toward your account equity
* It counts as 1 valid trade
* Account equity: $10,000 + $100 = $10,100
***
### Practical Tips
1. **Avoid frequent opening/closing**: Give each trade sufficient time to observe market movements
2. **Wait for signals patiently**: Don't rush—quality beats quantity
3. **Strike when ready**: One well-timed trade beats three rushed operations
***
## Account Equity vs. Challenge Progress
Edge Hour uses two distinct concepts that are easily confused:
### Account Equity
This is your **actual P/L**, used for:
* Determining if drawdown limit is hit
* Determining if profit target is reached
* Final settlement and reward claims
**Calculation**: Starting capital + All realized P/L + Unrealized P/L - Trading fees
***
### Challenge Progress
This is the metric used to determine if you've met the challenge target, **after applying** all challenge rules.\
**Why Progress ≠ Account Equity?**Because the system applies limits to:
* Profits from trades held under 60 seconds: Not counted toward progress
* Single trade profits exceeding 75% cap: Excess not counted toward progress
\
This explains why you might be profitable but still fail the challenge.
***
### Real-Time Monitoring Dashboard
During trading, you can monitor in real-time:
| Metric | Description |
| ------------------ | ------------------------ |
| Countdown | Time remaining |
| Account Equity | Current actual equity |
| Challenge Progress | Distance to target |
| Drawdown Distance | Distance to failure line |
| Valid Trades | Completed / Required |
| Current Positions | Holding time, P/L |
**Recommendation**: Keep a close eye on your drawdown buffer to avoid taking excessive risk.
# Referral Mechanism
## Invite Friends, Both Benefit
You can invite friends to participate in Edge Hour while your challenge is active. Both parties receive rewards.
***
## How to Invite
1. Click "Invite Friends" in the challenge interface
2. Copy your unique referral link
3. Share with friends (Twitter, Telegram, Discord, etc.)
4. Rewards activate automatically when friends purchase a challenge through your link
***
## Referral Rewards
### Referrer (You) Receives
For each successfully referred friend who registers:
* **5% of your remaining profit target** as additional reward
#### **Example**:
* Your challenge target: $10,800 (+8%, i.e., $800)
* Current progress: $10,500 (+5%, i.e., $500)
* Remaining: $300 to target
* Referral reward: $300 × 5% = **$15**
> **Note**: Each challenge has a referral limit. Check challenge details for specifics.
***
### Referee (Friend) Receives
Participating through your link, friends get:
* **5% extra challenge time**
* **10% entry fee discount**
#### **Example**:
* Original 4-hour challenge becomes 4.2 hours (12 extra minutes)
* Original $100 entry becomes $90
***
## Referral Rules
* Each challenge has a referral limit (see challenge details)
* Referral rewards settle when your challenge ends
* Referees must be new participants (or new wallet addresses)
* Referral rewards are non-withdrawable and only add to challenge rewards
# Settlement & Rewards
## Challenge Completion
When the countdown reaches zero, the challenge automatically ends and settlement begins immediately.
***
### Successful Completion
If you meet all completion criteria:
1. Challenge ends automatically when time expires
2. View your results on the settlement page
3. Click "Claim Reward"
4. Confirm the on-chain transaction
5. Rewards are sent to your wallet
**Reward Calculation**: Entry fee × Reward multiplier + Referral bonuses
***
### Challenge Failure
Common failure reasons include:
* **Hit Drawdown Limit**: Account equity dropped below the threshold and triggered automatic liquidation.
* **Missed Profit Target**: Final account equity did not reach the target amount.
* **Insufficient Valid Trades**: Did not complete the minimum required number of valid trades (trades held ≥60 seconds).
* **Single Trade Profit Exceeded**: One trade's profit exceeded 75% of the total profit target.
* **Positions Remain Open**: Did not close all positions before challenge expiry.
# FAQ (Frequently Asked Questions)
## About Entry and Rewards
### **What does the entry fee cover?**
The entry fee is the participation fee to enter the challenge. The $10,000 virtual capital used by all participants is provided by the system and unrelated to entry fees.
### **Can I customize my entry amount?**
Yes. You can freely choose any amount from $5 to the cap in $5 increments.
### **How does entry amount affect rewards?**
Reward = Entry amount × Reward multiplier. For example, $50 entry × 10x = $500 reward.
### **Are entry fees refundable if I fail?**
No. Entry fees are non-refundable after challenge failure.
### **When are rewards distributed?**
After challenge success, click "Claim Reward" and confirm the on-chain transaction. Rewards are sent to your wallet immediately.
***
## About Challenge Rules
### **Can I participate in multiple challenges simultaneously?**
No. Each wallet address can only have 1 active challenge at a time. After your current challenge ends, you can purchase a new one.
### **When does the challenge start?**
Immediately after paying the entry fee. The countdown begins and cannot be paused or cancelled.
### **Can I exit a challenge midway?**
No. Once started, challenges run until the countdown expires. You can close positions early to lock in profits, but cannot exit the challenge.
### **Why am I profitable but the challenge shows I haven't met the target?**
Possible reasons:
* Some profits came from trades held under 60 seconds (not counted toward progress)
* Single trade profit exceeded 75% cap (excess not counted)
* Trading fees offset some gains
### **What qualifies as a "valid trade"?**
Trades held for 60 seconds or longer count as valid trades for the "60-second holding rule" requirement.
***
## About Trading and Risk Control
### **Which coins can I trade?**
Specific trading pairs and leverage limits are shown in "Rule Details" when selecting a challenge.
### **Are there trading fees during challenges?**
Yes. Fees apply to opening and closing positions (see "Rule Details" for specific rates). Fees are deducted from your virtual account equity.
### **What leverage can I use?**
Maximum leverage limits are displayed in your challenge details page. Beginners should use low leverage to reduce risk.
### **When will forced liquidation occur?**
Forced liquidation occurs when:
* Account equity hits drawdown limit (challenge fails)
* Challenge expires with open positions remaining
* Insufficient margin (virtual capital can also be liquidated)
### **Can I continue trading after hitting the drawdown limit?**
No. Once the drawdown limit is hit, the challenge immediately terminates, all positions are force-liquidated, and the challenge is marked as failed.
***
## About Referral Mechanism
### **What are the benefits of inviting friends?**
* You: Earn 5% of remaining target for each person invited
* Friend: Receives 5% extra time + 10% entry discount
### **How many people can I invite?**
Each challenge has a referral limit—see challenge details page. Once the limit is reached, no more invites accepted.
### **When are referral rewards distributed?**
Referral rewards settle when your challenge ends. If the challenge fails, referral rewards are not distributed.
***
## About Security and Fairness
### **Is Edge Hour fair?**
Yes. All participants use the same $10,000 virtual capital, same rules, and same market prices. Success or failure depends entirely on your trading strategy.
### **Can trading data be verified?**
Yes. All trades and settlements are completed on-chain. Anyone can verify trade records and settlement processes.
### **Will people cheat?**
We have strict risk control mechanisms:
* IP/device fingerprint correlation analysis
* Trading behavior pattern recognition
* Minimum holding time requirement (60 seconds)
* Single trade profit cap (75%)
Confirmed cheaters have rewards revoked; serious offenders are address-banned.
***
## Technical Questions
### **Is there trading latency?**
DeriW is built on [Arbitrum Orbit Layer 3 network](/deriw-chain/about-deriw-chain), providing extremely low latency trading experience approaching that of centralized exchanges.
### **Do I need to pay gas fees?**
Trading on DeriW is zero-gas. However, claiming rewards may require a small gas fee for the on-chain transaction.
### **What if the network lags?**
If challenge failure results from technical issues, we'll manually review. If confirmed, we may provide full refunds or re-challenge opportunities.
# Risk Disclosure
## Disclaimer
Edge Hour is a high-risk competitive trading product designed for experienced traders. Participants may lose their entire entry fee.
### Key Risks
**Capital Loss:** You may lose your full entry fee. Only participate with funds you can afford to lose.
**Simulated Trading Environment:** All trades in Edge Hour are executed with virtual capital in a simulated environment based on real market price feeds. No real assets are bought or sold.
**Trading Risk:** Perpetual contract price movements are highly volatile. Rapid price changes may result in losses within a short time.
**Leverage Risk:** High leverage amplifies both profits and losses and requires disciplined risk management.
**Time Pressure:** Time limits may induce stress and rushed decision-making. If pressure is too high, choose longer-duration challenges
**Rule Understanding:** Failure to fully understand the challenge rules may result in disqualification or loss. Users are solely responsible for reviewing and complying with the complete rules prior to participation.
**No Guaranteed Returns:** Edge Hour is **not an investment product** and does not guarantee any returns, profits, or future performance.By participating, you acknowledge and accept all risks described above.
# Support
## Custom Assistance
If you encounter any issues during participation, contact us through:
* Twitter: [@DeriWOfficial](https://x.com/DeriWOfficial)
* Telegram Group: [@deriwfinance](https://t.me/deriwfinance)
***
### Beginner Resources
If you're new to perpetual contract trading, we recommend studying:
* [Platform Tutorial](https://docs.deriw.com)
* [Leverage Trading Guide](https://docs.deriw.com/trading/trading-on-mainnet)
* [Risk Management](https://docs.deriw.com/trading/trading-on-mainnet#risk-management-advisory-choosing-your-leverage)
***
### Ready to Begin?
You now understand all Edge Hour rules and risks. If you're ready, come challenge your trading skills.**Remember**:
* Start with small amounts
* Choose challenges suited to your level
* Follow rules, trade rationally
* Enjoy the competitive experience
\
**Good luck!**
***
[Start Your First Challenge](https://www.deriw.com/edge-hour) | [View Complete Rules](https://docs.deriw.com/edge-hour/rules) | [Join Community](https://discord.gg/deriw)
# About Deriw Chain
DeriW is a next-generation public blockchain, engineered for seamless integration and high performance. Fully compatible with EVM token standards, it empowers project teams with tools for one-click token issuance and rapid smart contract deployment. The DeriW chain leverages an advanced Layer 3 architecture that facilitates flawless interaction between Layer 3 applications and Layer 2 infrastructure. Built on a robust Rollup technology framework, it ensures the security standards of Ethereum while maintaining full transparency in data synchronization across the layers.
Developed by the experienced team at **CoinW**, with eight years in the industry, DeriW delivers an exceptionally smooth trading experience that rivals centralized exchanges. It is designed to handle an impressive throughput of up to 80,000 transactions per second, setting a new benchmark in the blockchain space for both speed and efficiency. This platform not only enriches its internal token trading pools with ample liquidity but also fosters an open and diversified DeFi ecosystem, providing comprehensive support for developers and users alike.
# Rollup Architecture + Zero Gas Fees
## Layer 3 Technology
Layer 1 is based on Ethereum. Ethereum builds a solid foundation, ensuring unparalleled security and decentralization.
Arbitrum acts as Layer 2, optimizing scalability, reduces costs and increases speed by processing transactions off-chain.
Built on Rollup architecture, DeriW inherits Ethereum's security while seamlessly integrating Layer 3 applications with Layer 2 infrastructure to ensure complete transparency of on-chain data.
# Referral Program
## About Referral Program
No matter if you’re a KOL, community leader, content creator, on-chain whale, or a new Web3 promoter — DeriW offers a brand-new and effortless way to monetize your influence!
For every user you invite to trade, you'll earn a highly competitive real-time fee rebate **of at least 50%**, directly distributed on-chain. Your commission ratio increases as your influence grows!
📩 [Apply now](https://www.deriw.com/referral-program) and start earning passive on-chain income!
***
## **Why Join the DeriW Decentralized Referral Program?**
**1. High Commissions that Scale with Growth**\
Earn rebates from every invitee’s trades. The more active your users, the higher your commission rate. Grow your network and become a Global Regional Partner.
**2. Real-Time Payouts, Daily Settlement**\
Rewards are settled daily and distributed in real-time — directly to your wallet. No delays, no lock-ups.
**3. No KYC, Low Entry Barrier**\
Just submit your Twitter, Telegram, or other social profiles. No identity verification required — open to users worldwide.
**4. Backed by CoinW, Built for Performance**\
DeriW is a Layer 3 perpetual DEX developed and backed by CoinW, offering robust technology and a secure trading environment.\
Start promoting with confidence and earn with ease.
**Other Benefits**
* Affiliate Dashboard Access: Track invites, earnings and performance in real-time using your analytics panel.
* Exclusive Events: Access to AMA, Online/Offline Events, Private Trading Competitions and more.
* Co-Features: Top Affiliates may be featured on DeriW's Official Media Channels, an opportunity to build your personal brand with us.
* Regional Leader Pathway: Exceptional Affiliates may get promoted to Regional Leader roles with high incentives, local autonomy and meet-up sponsors.
***
## **How to become an Affiliate**
1\) Visit the [Affiliate section](https://www.deriw.com/referral-program) on the Deriw Website.
2\) Apply to become an Affiliate
3\) Fill in the required information such as personal information, social media channels, nationality, social media platforms you’re active on, number of followers, proof etc.
4\) You will then need to tell us how you plan to promote Deriw, and whether you’ve been a part of Ambassador programs in the past.
5\) You will then need to confirm a signature on your wallet
6\) Once accepted, you can use your Invitation link to invite others and earn 50% commission.
**Using a referral link**\
\
If you’ve received a referral link, open it on your browser, connect your wallet, establish a connection, and you will see a notification saying that you have been referred successfully.
Your referrer may choose to share a portion of their maximum commission pool with you as a rebate (up to 50% of the pool).
Let’s see how this works: Partner A invites:
* User B and sets B's rebate at 20% (20% of the commission pool).
This means:
* A wants to share 20% of the commission pool with B.
* A will keep the remaining 80% of the commission pool as their commission.
Now apply this to actual trades:
📌 B's trade
* B trades and pays 100 USDT in trading fees.
* The maximum commission pool is 50% of the fees = 50 USDT total.
* B's Rebate: A gives 20% of the 50 USDT pool ($$50×0.20$$) = 10 USDT to B.
* A's Commission: A keeps the remaining 80% of the 50 USDT pool ($$50 USDT−10 USDT$$) = 40 USDT.
# General Safety
\
Here are some important considerations to keep in mind when engaging with blockchain applications:
* Exercise caution when interacting with smart contracts or any blockchain application.
* Despite efforts to minimize risks through testing, audits, and bug bounties, the possibility of vulnerabilities in [smart contract](https://en.wikipedia.org/wiki/Smart_contract) code always exists.
* Be vigilant about phishing and scams, which are prevalent in both blockchain and non-blockchain contexts.
* Blockchain-related [phishing](https://en.wikipedia.org/wiki/Phishing) scams may attempt to deceive users into revealing private keys, seed phrases, or other sensitive information, or trick them into signing malicious transactions.
* Consider maintaining two separate wallets—one for storing the majority of your holdings and funds, and another for use when interacting with new websites.
* When interacting with new websites and authorizing transactions in your wallet, carefully review the contract being interacted with and verify the details of the operation to be signed. Most wallets provide information about the operation name to enhance user awareness.
For any issues, please send us a message ****
# Audit
DeriW's Audits are handled by CertiK. The most recent reports can be found here:
# Recovering your Deriw Wallet
If you are unable to access your DeriW account due to a forgotten password, you can regain access by utilizing your account recovery phrase (mnemonic) and integrating it with a third-party wallet. Below is a step-by-step guide to assist you in resolving this issue:
#### **Step 1: Import the Recovery Phrase (Mnemonic) into a Third-Party Wallet**
To begin the recovery process, you will need to import your account recovery phrase into a trusted third-party wallet:
1. Open a third-party wallet application.
2. Navigate to the **Import Wallet** section.
3. Enter the **mnemonic phrase** associated with your DeriW account.
4. Confirm the import to successfully restore your wallet.
*Please ensure that the mnemonic phrase is entered accurately. Any discrepancies may prevent successful recovery.*
#### **Step 2: Extract the Private Key from the Third-Party Wallet**
After importing your account to the third-party wallet, you can extract the private key as follows:
1. Access the settings or tools menu in the third-party wallet.
2. Select the option to **Export Private Key** for the wallet account that was just imported.
3. Securely save the private key, as it will be required for the subsequent steps.
*It is critical to store your private key securely and refrain from sharing it with anyone to protect your account.*
#### **Step 3: Import the Private Key into MetaMask**
Once you have obtained the private key, you can proceed to integrate your wallet into MetaMask for enhanced accessibility:
1. Open the MetaMask application on your desktop or mobile device.
2. Click on your profile icon and select **Import Account** from the menu.
3. Choose the **Private Key** option and paste the private key retrieved from the third-party wallet.
4. Complete the process to successfully add your account to MetaMask.
#### **Step 4: Access and Utilize the Imported Wallet**
After successfully importing your wallet into MetaMask, you will be able to perform the following actions in **Normal Mode**:
* Conduct trades.
* Close positions.
* Transfer assets.
This integration allows for seamless management of your account and trading activities.
#### **Important Reminders**
* Always ensure the security of your mnemonic phrase and private key. They are vital to accessing your account and should be kept confidential at all times.
* If you encounter any difficulties during the recovery process, please do not hesitate to contact our **support team** for further assistance.
# Bug Bounty
We currently have a bug bounty competition, rewarding users who find important bugs within our DeriW services. We will be distributing $DER Tokens ranging from $100DER to $100,000DER. This amount will be based on the seriousness of the bug, assessed by the DeriW Technical Team. If multiple people report the same bug, only the first user to submit it will be eligible for the reward.
Visit this link to submit your bugs:
# User Support
If you can’t find the answer to your question, open a ticket in the [Discord Server](https://discord.com/invite/deriw) or reach out to our team on [Telegram](https://t.me/deriwfinance). Note that this form cannot receive or view files or images for security purposes.
# Business Cooperation
If you want to reach out for:
* Partnerships & Collaboration
* Business Development & Support
* Cooperation Opportunities
please send us an email at and our team will reply to you as soon as possible.
# Official Links
[Twitter](https://twitter.com/DeriwFi)
[Discord](https://discord.com/invite/deriwofficial)
[Telegram Group](https://t.me/deriwfinance)
[Telegram Announcements](https://t.me/deriwofficial)
[Medium](https://medium.com/@DeriwFi)
# Media Kit
## **Brand Logo Guidelines**
Deriw Logo and brand elements materials that can only be used in accordance with the guidelines detailed below.
## **Points to consider when using Brand Elements**
You may use it to announce an official partnership with approval from DeriW team.
You cannot use it to publicise your own products without consent from the DeriW team. You cannot edit, change, recolor or reconfigure any of the brand elements.
You can reach out to us at on queries about using our Brand Kit.
## **DeriW Logo**
Please do not edit, distort, recolor, or reconfigure the DeriW logo.
Coloured PNG
White PNG
Black
# Terms & Conditions
Last updated: 26 June 2026
These Terms and Conditions (the **“Terms”**) constitute a binding agreement between you (**“you”**, **“your”**, or the **“User”**) and **DeriW Foundation Ltd**, a company incorporated under the laws of Cayman Islands with its registered office at Citrus Grove, Ground Floor 106 Goring Avenue, Suite #647, 10 Market Street Camana Bay George Town, Grand Cayman, KY1-9006, Cayman Islands (“DeriW”, “we”, “us” or “our”), governing your access to and use of the Interface and any related services offered by DeriW (collectively, the “Services”).
**PLEASE READ THESE TERMS CAREFULLY. THEY CONTAIN IMPORTANT PROVISIONS, INCLUDING A BINDING ARBITRATION CLAUSE AND CLASS-ACTION WAIVER (SECTION 18), WHICH AFFECT YOUR LEGAL RIGHTS. BY ACCESSING OR USING THE INTERFACE OR SERVICES, OR BY CLICKING TO ACCEPT THESE TERMS WHERE THAT OPTION IS MADE AVAILABLE, YOU AGREE TO BE BOUND BY THESE TERMS. IF YOU DO NOT AGREE, YOU MUST NOT ACCESS OR USE THE INTERFACE OR THE SERVICES.**
## 1. Definitions
In these Terms, capitalised terms have the meanings set out below.
**"Affiliate"** means any entity that directly or indirectly controls, is controlled by, or is under common control with a person, where “control” means the ownership of more than fifty percent (50%) of the voting securities or equivalent ownership interest.
**"Applicable Law"** means all laws, regulations, rules, orders, judgments, decrees, statutes, ordinances and other binding requirements of any governmental, regulatory, judicial or self-regulatory authority that apply to you, to us, to the Interface or to any of the Services, including without limitation sanctions and export-control laws, anti-money-laundering and counter-terrorism-financing laws, securities, derivatives and commodities laws, consumer-protection laws and data-protection laws.
**"Digital Asset"** means a cryptographically secured digital representation of value or rights that may be transferred, stored or traded electronically using distributed ledger technology, including without limitation cryptocurrencies, stablecoins, governance tokens, utility tokens and tokenised representations of other assets.
**"Interface"** means the websites, web applications, mobile applications, application programming interfaces, user interfaces, software and any other technology made available by DeriW at and any related subdomains, and any successor sites or applications.
**"Protocol"** means the smart contracts, decentralised applications and underlying blockchain infrastructure that constitute the DeriW decentralised trading protocol, accessible through the Interface and otherwise.
**“Restricted Jurisdiction”** means any country, state, territory or region listed in Schedule A to these Terms, and any other jurisdiction in respect of which DeriW determines (in its sole discretion) that the provision of the Services or access to the Interface is restricted, prohibited or otherwise inadvisable, including by reason of sanctions, export-controls, securities, derivatives, gaming or other regulatory considerations, or by reason of internal risk controls or product, exchange or app-store policies.
**“Restricted Person”** means any person who is located in, resident in, a citizen or national of, incorporated or registered in, has a registered office or principal place of business in, or otherwise has a material nexus to a Restricted Jurisdiction; any person identified on any sanctions list maintained by the United Nations, the United States Office of Foreign Assets Control (OFAC), the United Kingdom HM Treasury, the European Union or any other sanctions authority; any person owned (50% or more, in the aggregate, directly or indirectly) or controlled by any such sanctioned person; and any person otherwise prohibited from accessing the Interface or Services under Applicable Law.
**"Schedule"** means the schedules attached to and forming part of these Terms, which may be amended by us from time to time in accordance with Section 16.
**"Services"** means as defined in the preamble, comprising the access provided through the Interface to the Protocol and any related products, features, tools, content or functionality made available by DeriW from time to time.
**"User Content"** means any data, text, communications, materials or other content that you submit, post, transmit or otherwise make available through the Interface.
**"Wallet"** means a self-custodied digital wallet, smart-contract account or other key-management solution controlled by you and used to interact with the Protocol via the Interface.
## 2. Acceptance and Eligibility
### 2.1 Acceptance
By accessing or using the Interface or the Services, you represent and warrant that you have read, understood and agree to be bound by these Terms and all documents incorporated by reference, including our Privacy Policy and any Schedules. If you are accepting these Terms on behalf of an entity, you represent and warrant that you have the authority to bind that entity to these Terms, in which case “you” will refer to that entity.
### 2.2 Eligibility
To access or use the Interface or the Services, you must:
* be at least eighteen (18) years of age, or, if higher, the age of legal majority in your jurisdiction of residence;
* have the legal capacity to enter into a binding agreement under Applicable Law;
* not be a Restricted Person; and
* comply with these Terms, all Applicable Law and any policies, rules and procedures that DeriW may publish from time to time.
### 2.3 Restricted Persons and Restricted Jurisdictions
DeriW’s Services are not available to Restricted Persons. A Restricted Person includes any person who is located in, resident in, a citizen or national of, incorporated or registered in, has a registered office or principal place of business in, or otherwise has a material nexus to a Restricted Jurisdiction. DeriW may restrict access, reject orders, place accounts into close-only or withdrawal-only mode, suspend rewards, or terminate product access where required by Applicable Law, sanctions, product rules, exchange rules, app-store policies, or internal risk controls. You must not use VPNs, proxies, nominee arrangements or false information to circumvent geographic restrictions.
### 2.4 Tiered Restrictions
Without limiting Section 2.3, DeriW may apply different levels of restriction to different Restricted Jurisdictions, including without limitation (a) full prohibition of access, (b) close-only mode in which existing positions may be closed but new positions may not be opened and deposits may be refused, and (c) product-level restrictions under which certain product categories (including, where applicable, Equity, FX and Commodity Perpetual Contracts) are blocked while other categories remain accessible. The current tiered classification is set out in Schedule A and may be amended by us at any time without prior notice.
### 2.5 No Circumvention
You must not, and must not attempt to, circumvent any access restriction, geographic restriction, eligibility requirement or other control implemented by DeriW, including by use of a virtual private network, proxy server, anonymising tool, false declaration of residence, nationality or place of business, nominee, agent or any other artifice. Any such attempt is a material breach of these Terms and may result in immediate termination of your access, freezing of any associated positions in close-only mode, and reporting to relevant authorities where required.
## 3. The Interface and the Protocol
### 3.1 Nature of the Interface
The Interface is a front-end portal that allows you to interact with the Protocol. The Interface itself does not custody Digital Assets, does not match orders and does not settle trades; settlement and execution occur on-chain, on the underlying Protocol and the relevant blockchain networks. We are not a counterparty to any transaction that you enter into through the Protocol, do not act as an exchange, broker, dealer, custodian, market-maker, clearing house or fiduciary, and do not provide any custody, asset-management or fiduciary services.
### 3.2 Self-Custody
All Digital Assets used to interact with the Protocol remain under your sole custody and control through your Wallet. You are solely responsible for the security and operation of your Wallet, the safekeeping of any private keys, seed phrases, signing devices or authentication credentials, and all activity that occurs through your Wallet. We do not have access to your Wallet, your private keys or your Digital Assets, and we cannot recover lost keys, reverse transactions or recover Digital Assets lost as a result of your action or inaction or that of any third party.
### 3.3 Third-Party Wallets and Infrastructure
Use of the Interface requires the use of third-party Wallets, blockchain networks, validators, oracles, bridges and other third-party infrastructure. Your relationship with any third-party provider is governed by the terms and policies of that third party. We make no representation or warranty in respect of any third-party Wallet, network or service, and we accept no responsibility or liability arising from any third-party Wallet, network or service.
### 3.4 No Investment Advice
Nothing made available through the Interface or the Services constitutes investment, financial, legal, tax, accounting or other professional advice, and nothing is intended as, or should be construed as, a recommendation, solicitation or offer to buy or sell any Digital Asset or to enter into any transaction. You are solely responsible for determining whether any transaction is appropriate for you in light of your personal financial situation and objectives. You should consult qualified professional advisors before making any decision.
## 4. Access, Registration and Account Security
### 4.1 No Custodial Account
The Interface does not require you to open a custodial account with DeriW. Where the Interface presents features that require identification of your Wallet (or, where applicable, off-chain identifiers), you are responsible for ensuring that the information you provide is accurate, current and complete and for keeping it up to date.
### 4.2 Verification
We may, at our discretion or where required by Applicable Law, require you to provide identifying information, documentation or other verification at any time, including for the purpose of sanctions screening, anti-money-laundering compliance, jurisdictional verification or product eligibility. You agree to provide such information promptly and to confirm at our request that the information you have provided remains accurate. We may suspend or restrict your access to all or part of the Interface or the Services until such verification is complete.
### 4.3 Authorised Activity
You are responsible for all activity that occurs under or through your Wallet, whether or not authorised by you. You must promptly notify us of any unauthorised access to your Wallet that involves or affects the Services.
## 5. Acceptable Use
You must not, and must not permit any third party to, do any of the following:
* use the Interface or the Services in any manner that violates Applicable Law, including sanctions, export-control, anti-money-laundering, counter-terrorism-financing, market-abuse, securities, derivatives, gaming or consumer-protection laws;
* use the Interface or the Services if you are a Restricted Person, or to provide access to the Interface or the Services to any Restricted Person;
* use any virtual private network, proxy, anonymiser, false statement or other technique to conceal or misrepresent your location, residence, citizenship or nationality, or to evade any restriction set out in these Terms;
* engage in or facilitate market manipulation, including without limitation wash trading, spoofing, layering, front-running, ramping, pumping, dumping, cornering, squeezing or any other manipulative or deceptive practice;
* use the Interface or the Services to engage in money laundering, terrorist financing, proliferation financing, fraud, tax evasion, sanctions evasion or any other unlawful financial activity;
* interfere with, disrupt or attempt to gain unauthorised access to any aspect of the Interface, the Protocol or any related infrastructure, including by introducing viruses, worms, malicious code or other harmful material;
* reverse engineer, decompile, disassemble or otherwise attempt to derive the source code, underlying ideas, algorithms, structure or organisation of the Interface or any of its components, except to the extent such restriction is expressly prohibited by Applicable Law;
* scrape, harvest, index, mirror or frame the Interface or any portion of it, or use any robot, spider or other automated means to access the Interface for any purpose, except as expressly permitted by us in writing;
* use the Interface or the Services in any manner that could damage, disable, overburden or impair them or interfere with another User’s use; or
* engage in any conduct that, in our reasonable opinion, exposes DeriW, any of its Affiliates, any of its Users or any third party to legal, regulatory, reputational, operational, security or financial risk.
## 6. Trading - Crypto Perpetual Contracts
### 6.1 General
The Protocol enables Users to enter into perpetual contracts referencing crypto Digital Assets and other underlyings (“Perpetual Contracts”). Perpetual Contracts are derivatives instruments that do not have a fixed expiry date and use a periodic funding-rate mechanism to align the contract price with the price of the underlying. Trading Perpetual Contracts involves substantial risk, including the risk of total loss of margin and exposure to leverage.
### 6.2 Margin, Leverage and Liquidation
Perpetual Contracts are traded on a margin basis. You are responsible for maintaining sufficient margin at all times. If your margin falls below the maintenance level required by the Protocol, your position may be partially or fully liquidated automatically and without notice. You acknowledge that liquidation may occur at a price materially worse than the last quoted price, that funding payments may be substantial, and that, in volatile market conditions, slippage, partial fills, oracle disputes, network congestion or other events may result in outcomes that differ from those displayed in the Interface.
### 6.3 Oracles, Indices and Funding
The price of each Perpetual Contract is determined by reference to one or more price oracles and indices. Oracle providers, index providers and data sources may fail, be manipulated or produce inaccurate values. Funding rates may change rapidly. DeriW does not guarantee the accuracy, availability or continuity of any oracle, index or data source, and is not liable for any loss arising from oracle or data-source failure, manipulation or inaccuracy.
### 6.4 Market Risk and Volatility
Crypto markets are highly volatile and operate 24 hours a day, seven days a week. Prices can move sharply and unpredictably, including outside normal market hours, in response to economic news, security incidents, governance decisions, regulatory developments and other events. You may lose more than your initial margin. You should not trade Perpetual Contracts with funds that you cannot afford to lose.
## 7. TradFi Perpetual Contracts
### 7.1 Scope
In addition to crypto Perpetual Contracts under Section 6, the Protocol may make available Perpetual Contracts referencing tokenised equities, equity indices, foreign-exchange pairs, commodities and other traditional financial underlyings (“TradFi Perpetual Contracts”). For the avoidance of doubt, TradFi Perpetual Contracts include without limitation the following categories of product: (a) Equity-Linked Perpetual Contracts; (b) FX-Linked Perpetual Contracts; and (c) Commodity-Linked Perpetual Contracts. TradFi Perpetual Contracts are not securities and do not confer any ownership interest, shareholder right, dividend entitlement, voting right or other right against the issuer of any referenced underlying. For the avoidance of doubt, all such products are synthetic contracts referencing external markets and do not confer ownership rights in any underlying securities, currencies, commodities or other assets.
### 7.2 Tracking and Reference Prices
TradFi Perpetual Contracts are derivative instruments designed to track the price of the underlying. Tracking is achieved through funding payments and is not exact. Reference prices may be sourced from third-party data providers, exchanges, indices or other sources, each of which may fail, be subject to delays, errors, halts or manipulation. You acknowledge that TradFi Perpetual Contract prices may deviate from underlying prices, including during periods when the underlying market is closed or illiquid, and that DeriW, its Affiliates and any third-party data providers are not liable for any such deviation.
### 7.3 Regulatory Status
TradFi Perpetual Contracts may be characterised as derivatives, contracts for difference, securities-based derivatives, swaps, futures or other regulated instruments under the laws of certain jurisdictions. The provision of, or access to, such instruments may require licences, registrations or exemptions that DeriW does not hold. Accordingly, TradFi Perpetual Contracts are not available to Restricted Persons or to any person located in or with a material nexus to any jurisdiction listed in Schedule A as restricted for TradFi Perpetual Contracts, even where access to crypto Perpetual Contracts and other Services remains available. You represent and warrant on each occasion you access or use TradFi Perpetual Contracts that you are not a person to whom access to such instruments is restricted.
### 7.4 No Securities-Related Services
DeriW does not act as a securities broker-dealer, investment adviser, futures commission merchant, swap dealer, exchange, alternative trading system, organised trading facility, multilateral trading facility or in any other regulated capacity with respect to securities, derivatives or commodities, and nothing in the Services constitutes the provision of securities, investment, derivatives or commodities services. You acknowledge that the holding or trading of TradFi Perpetual Contracts may have tax, regulatory and other consequences for you, that those consequences are your sole responsibility, and that we make no representation as to the regulatory or tax treatment of any such instrument in any jurisdiction.
### 7.5 Corporate Actions and Adjustments
Where any underlying referenced by a TradFi Perpetual Contract is subject to a corporate action (including without limitation cash dividends, stock splits, reverse splits, bonus issues, rights issues, spin-offs, mergers, acquisitions, ticker changes, halts, suspensions, delistings, or any other event affecting the price, identity, supply or capital structure of the underlying), DeriW reserves the right, in its sole discretion and without prior notice, to: (a) suspend trading in the relevant TradFi Perpetual Contract, or place it into close-only mode, for any period before, during or after the corporate action; (b) adjust the contract specifications, reference price, mark price, funding rate, position sizes, margin requirements, account balances and any other parameter of the relevant TradFi Perpetual Contract to reflect the corporate action and to maintain consistency with the underlying market and to prevent arbitrage; (c) where any corporate-action data is later revised, restated, corrected or withdrawn by official sources or third-party data providers, correct the application of such data, recompute the impact of the corporate action retrospectively, and reverse, recompute or restate any trade, position, profit-and-loss outcome or account adjustment that was affected by erroneous data; and (d) take any other action that DeriW considers reasonably necessary to address the corporate action or to correct any error arising from corporate-action data.
You acknowledge and agree that corporate-action data may be subject to error, delay, revision or restatement, that DeriW, its Affiliates and any third-party data providers are not liable for any loss, slippage, liquidation, opportunity cost or other adverse outcome arising from any such error, delay, revision or restatement, and that you will cooperate with any reasonable measures taken by DeriW under this Section 7.5.
## 8. Vaults and Liquidity Provision
### 8.1 Vault Products
The Protocol may make available pooled-deposit products (“Vaults”) through which Users may deposit Digital Assets to provide liquidity, market-making capacity, or counterparty support to the Protocol in exchange for a share of fees, rewards or profit-and-loss attributable to the relevant Vault. The current Vault products offered by DeriW are listed in Schedule C. DeriW may add, remove, vary, suspend or terminate any Vault product at any time, and may amend Schedule C without amending the body of these Terms. The specific terms applicable to each Vault product are set out in that product’s documentation, which forms part of these Terms in respect of that product. Vault deposits are subject to the smart-contract risks, market risks, oracle risks, leverage risks and other risks set out in these Terms, and may result in partial or total loss of the deposited Digital Assets.
### 8.2 No Guarantee of Return
We do not guarantee any return, yield, distribution or principal protection in respect of any Vault. Past performance is not indicative of future results. Withdrawal from a Vault may be subject to delays, lock-up periods, pro rata limits, fees or other conditions described in the Vault’s documentation, which forms part of these Terms in respect of that Vault.
## 9. The $DER Token
### 9.1 Nature
If a token is or has been issued in connection with the Protocol (the “$DER Token”, a governance and utility token), the $DER Token is intended to function as a utility and/or governance token within the Protocol. The $DER Token does not represent any ownership interest, equity, share, partnership interest, debt instrument, security, deposit, savings product, fund or other regulated financial instrument; does not entitle the holder to any dividend, interest, distribution or return; does not confer any right in respect of DeriW’s revenues, profits or assets; and does not provide any expectation of profit derived from the entrepreneurial or managerial efforts of DeriW, its Affiliates or any other party. For the avoidance of doubt, ownership of the $DER Token does not constitute ownership of, equity in, partnership interest in, or any claim against, DeriW Foundation Ltd, its Affiliates or any of their respective assets.
### 9.2 No Offer or Sale
Nothing in these Terms or on the Interface constitutes an offer or sale of the $DER Token in any jurisdiction in which such offer or sale would require registration, licensing, prospectus, disclosure or other regulatory approval that has not been obtained. Where any $DER Token is distributed (whether by airdrop, mining, reward, sale or otherwise), such distribution is subject to additional terms made available at the time of distribution.
## 10. Fees and Taxes
### 10.1 Fees
The Protocol and the Interface may charge fees in connection with transactions, including trading fees, funding payments, withdrawal fees, settlement fees and other fees. The applicable fees are as set out in the Interface and may be amended by us at any time without prior notice. Blockchain network fees (where applicable) are payable by you to the relevant network and are not retained by DeriW.
### 10.2 Taxes
You are solely responsible for determining what taxes (including income, capital gains, value-added, withholding and similar taxes) apply to your activity on the Protocol and through the Interface, for filing all required tax returns and for paying all taxes to the relevant authorities. DeriW does not provide tax advice and is not responsible for any tax consequences of your activity. Where required by Applicable Law, we may withhold or report information to tax authorities.
## 11. Risk Disclosure
You acknowledge and agree that your use of the Interface, the Protocol and the Services is at your own risk. Without limiting any other provision of these Terms, you acknowledge that material risks include those set out in Schedule B and the following:
* Volatility: prices of Digital Assets and other underlyings can move sharply and rapidly; entire positions can be lost in seconds.
* Leverage: trading Perpetual Contracts with leverage magnifies both gains and losses; you can lose more than your initial margin.
* Liquidation: positions may be liquidated automatically without notice; partial or total loss of margin may result.
* Smart-contract risk: smart contracts may contain bugs, may be exploited, may be paused, upgraded or governed in ways that adversely affect you, and may be subject to oracle failure, MEV, sandwich attacks and other on-chain attack vectors.
* Network risk: blockchain networks may experience congestion, downtime, forks, reorganisations and other events that delay or prevent settlement of transactions.
* Oracle and data risk: prices and other inputs depend on third-party oracles and data sources, which may fail, be delayed or be manipulated.
* Cyber-security risk: your Wallet, devices, networks and credentials may be compromised by third parties, resulting in irreversible loss of Digital Assets.
* Regulatory risk: the legal and regulatory treatment of Digital Assets and decentralised finance is uncertain and rapidly evolving; future regulation may adversely affect your ability to access the Services or the value of Digital Assets.
* Counterparty and third-party risk: third-party Wallets, bridges, custodians, stablecoin issuers and infrastructure providers may fail.
## 12. Intellectual Property
### 12.1 Ownership
As between you and DeriW, DeriW and its licensors own all right, title and interest in and to the Interface, including all software, designs, text, graphics, logos, audio, video, data, databases, documentation and other content made available through the Interface (the “DeriW Materials”), and all related intellectual property rights. All rights not expressly granted in these Terms are reserved.
### 12.2 Limited Licence
Subject to your compliance with these Terms, DeriW grants you a limited, personal, non-exclusive, non-transferable, non-sublicensable, revocable licence to access and use the Interface solely for your own non-commercial use of the Services and the Protocol. You must not (i) sell, sublicense, distribute or otherwise commercially exploit the DeriW Materials; (ii) modify, adapt or create derivative works of the DeriW Materials; or (iii) remove or alter any proprietary notices.
### 12.3 Feedback
If you provide any feedback, suggestions or ideas in connection with the Interface or the Services (“Feedback”), you grant DeriW a perpetual, irrevocable, worldwide, royalty-free, transferable and sublicensable licence to use, reproduce, modify and exploit the Feedback for any purpose without compensation or attribution to you.
## 13. User Content
### 13.1 Licence
You retain all rights in any User Content you submit through the Interface. You grant DeriW a non-exclusive, worldwide, royalty-free, sublicensable and transferable licence to use, host, store, reproduce, modify, create derivative works of, communicate, publish, publicly perform and display the User Content in connection with operating, providing and improving the Interface and the Services.
### 13.2 Representations
You represent and warrant that you have all rights, licences, consents and permissions necessary to grant the licence in Section 13.1 and that your User Content does not infringe any third-party right, violate Applicable Law or breach these Terms.
## 14. Privacy and Data
Your use of the Interface is subject to our Privacy Policy and our Cookie Policy, each of which forms part of these Terms. You acknowledge that, due to the nature of blockchain technology, certain on-chain activity associated with your Wallet may be publicly visible, immutable and beyond DeriW’s control.
## 15. Disclaimers
### 15.1 “As Is”
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE INTERFACE, THE SERVICES AND THE DERIW MATERIALS ARE PROVIDED “AS IS” AND “AS AVAILABLE”, WITHOUT REPRESENTATION, WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OR CONDITION OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, COMPLETENESS, AVAILABILITY, UNINTERRUPTED OR ERROR-FREE OPERATION, OR FREEDOM FROM HARMFUL CODE.
### 15.2 No Guarantees
WITHOUT LIMITING THE FOREGOING, DERIW MAKES NO REPRESENTATION OR WARRANTY THAT THE INTERFACE OR THE SERVICES WILL MEET YOUR REQUIREMENTS; THAT ACCESS WILL BE TIMELY, UNINTERRUPTED OR SECURE; THAT ANY ORACLE, INDEX OR DATA SOURCE WILL BE ACCURATE OR AVAILABLE; THAT ANY TRANSACTION WILL BE EXECUTED, SETTLED OR LIQUIDATED AT ANY PARTICULAR PRICE OR TIME; OR THAT ANY DIGITAL ASSET WILL BE OR REMAIN LISTED, SUPPORTED OR TRANSFERABLE.
## 16. Limitation of Liability
### 16.1 Exclusion of Indirect Damages
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL DERIW, ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR LICENSORS BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, USE, GOODWILL OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR IN CONNECTION WITH THESE TERMS, THE INTERFACE, THE PROTOCOL OR THE SERVICES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
### 16.2 Cap
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE TOTAL AGGREGATE LIABILITY OF DERIW AND ITS AFFILIATES IN RESPECT OF ALL CLAIMS ARISING OUT OF OR IN CONNECTION WITH THESE TERMS, THE INTERFACE OR THE SERVICES IS LIMITED TO THE GREATER OF (A) THE TOTAL AMOUNT OF FEES PAID BY YOU TO DERIW IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE LIABILITY, AND (B) USD 100
### 16.3 Allocation of Risk
THE LIMITATIONS IN THIS SECTION 16 ARE A FUNDAMENTAL ELEMENT OF THE BARGAIN BETWEEN YOU AND DERIW AND APPLY EVEN IF ANY LIMITED REMEDY FAILS OF ITS ESSENTIAL PURPOSE.
## 17. Indemnification
To the maximum extent permitted by Applicable Law, you will defend, indemnify and hold harmless DeriW, its Affiliates and their respective officers, directors, employees, agents and licensors from and against any and all claims, demands, suits, proceedings, losses, damages, liabilities, costs and expenses (including reasonable legal fees) arising out of or in connection with (i) your access to or use of the Interface, the Protocol or the Services; (ii) your breach of these Terms; (iii) your violation of any Applicable Law or third-party right; or (iv) any User Content you submit. We may, at our election and at your expense, assume the exclusive defence and control of any matter for which you are required to indemnify us, and you will cooperate fully with our defence.
## 18. Governing Law and Dispute Resolution
### 18.1 Governing Law
These Terms, and any non-contractual obligations arising out of or in connection with them, are governed by, and construed in accordance with, the laws of England and Wales, without regard to its conflict-of-laws rules.
### 18.2 Arbitration
Any dispute, controversy or claim arising out of or in connection with these Terms, the Interface, the Protocol or the Services, including any question regarding their existence, validity, breach or termination, will be referred to and finally resolved by arbitration administered by the London Court of International Arbitration (LCIA) in accordance with the LCIA Arbitration Rules in force at the time of commencement of the arbitration, which rules are deemed incorporated by reference into this Section. The seat of arbitration will be London, England. The number of arbitrators will be one. The language of the arbitration will be English.
### 18.3 Class-Action Waiver
YOU AND DERIW EACH AGREE THAT ANY DISPUTE-RESOLUTION PROCEEDING WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT AS A CLASS, CONSOLIDATED OR REPRESENTATIVE ACTION. THE ARBITRATOR MAY NOT CONSOLIDATE OR JOIN MORE THAN ONE PERSON’S CLAIMS OR PRESIDE OVER ANY FORM OF REPRESENTATIVE OR CLASS PROCEEDING.
### 18.4 Equitable Relief
Nothing in this Section 18 prevents either party from applying to a court of competent jurisdiction for interim, injunctive or equitable relief in support of, or pending the outcome of, an arbitration.
### 18.5 Time Limit
Any claim you may have arising out of or in connection with these Terms or the Services must be brought within one (1) year after the cause of action arises. Otherwise, the claim is permanently barred.
## 19. General
### 19.1 Amendments
We may amend these Terms (including the Schedules) at any time by posting the amended version on the Interface. Amendments take effect immediately on posting unless a later effective date is specified. Your continued access to or use of the Interface or the Services after an amendment takes effect constitutes acceptance of the amended Terms. If you do not agree to an amendment, you must cease all access to and use of the Interface and the Services.
### 19.2 Termination and Suspension
We may suspend, restrict or terminate your access to the Interface or any of the Services at any time, with or without cause, with or without notice, including by placing your access into close-only mode or by blocking transactions originating from your Wallet. Sections 1, 5, 11, 12, 15, 16, 17, 18 and 19 (and any other provision which by its nature is intended to survive) will survive termination.
### 19.3 Assignment
You may not assign, novate or transfer any of your rights or obligations under these Terms without our prior written consent. We may assign, novate or transfer our rights or obligations under these Terms at any time without your consent, provided that the assignment, novation or transfer does not materially diminish your rights.
### 19.4 Notices
All notices to DeriW must be sent in writing to its registered office at Citrus Grove, Ground Floor 106 Goring Avenue, Suite #647, 10 Market Street Camana Bay George Town, Grand Cayman, KY1-9006, Cayman Islands. We may give notice to you by posting on the Interface, by email to the address you have provided (if any) or by message through the Interface.
### 19.5 Entire Agreement
These Terms, together with the Schedules and any document expressly incorporated by reference, constitute the entire agreement between you and DeriW with respect to the subject matter and supersede any prior or contemporaneous understandings.
### 19.6 Severability
If any provision of these Terms is held to be invalid, illegal or unenforceable, the remaining provisions will remain in full force and effect, and the invalid, illegal or unenforceable provision will be modified to the minimum extent necessary to make it valid, legal and enforceable while preserving the parties’ original intent.
### 19.7 No Waiver
No failure or delay by DeriW in exercising any right or remedy under these Terms operates as a waiver, and no single or partial exercise prevents any further exercise.
### 19.8 Third-Party Rights
A person who is not a party to these Terms has no right to enforce any term, except that the Affiliates and personnel of DeriW may enforce Sections 15, 16, 17 and 18 as third-party beneficiaries.
### 19.9 Force Majeure
We will not be liable for any delay or failure to perform under these Terms to the extent caused by any event beyond our reasonable control, including without limitation acts of God, war, terrorism, civil unrest, government action, sanctions, pandemic, network or blockchain congestion or failure, oracle failure, third-party infrastructure failure, cyber-attack, regulatory order or change in Applicable Law.
### 19.10 Language
These Terms are made in English. Any translation is provided for convenience only and, in the event of inconsistency, the English version prevails.
### 19.11 Headings and Construction
Headings are for convenience only and do not affect interpretation. References to “including” and “includes” are not limiting.
## Schedule A - Restricted Jurisdictions
*This Schedule may be amended by DeriW at any time. The lists below reflect DeriW’s tiered restriction policy as in force on the effective date of these Terms.*
### A.1 Tier 1 - Full Restriction
Access to the Interface and the Services is fully prohibited for any Restricted Person with a material nexus to any of the following jurisdictions:
· Cuba
· Iran
· Democratic People’s Republic of Korea (North Korea)
· Syria
· Russian Federation
· Belarus
· Myanmar
· Crimea, Donetsk, Luhansk, Zaporizhzhia and Kherson regions (Ukraine, occupied)
· Venezuela
### A.2 Tier 2 - Close-Only Mode
For Restricted Persons with a material nexus to the following jurisdictions, the Interface may be placed into close-only mode in which existing positions may be closed and Digital Assets may be withdrawn, but new positions may not be opened and deposits may be refused:
· United States of America (all states and territories)
· United Kingdom
· Canada (all provinces and territories)
### A.3 Tier 3 - TradFi Perpetual Contract Restriction
For Restricted Persons with a material nexus to the following jurisdictions, access to crypto Perpetual Contracts and other Services remains available, but TradFi Perpetual Contracts (Section 7) are not available:
· European Economic Area (all member states of the European Union, plus Iceland, Norway and Liechtenstein)
· Singapore
· Hong Kong SAR
· Australia
· Japan
· Republic of Korea (South Korea)
· United Arab Emirates
· Brazil
### A.4 Sanctioned Persons
In addition to the jurisdictional restrictions above, the Services are not available to any person identified on a sanctions list maintained by the United Nations, the United States Office of Foreign Assets Control (OFAC), the United Kingdom HM Treasury, the European Union, or any other sanctions authority recognised by Applicable Law, and to any person owned (50% or more, directly or indirectly) or controlled by any such person.
## Schedule B - Additional Risk Disclosures
This Schedule supplements (and does not limit) Section 11. The risks below are not exhaustive. You should not access or use the Interface or Services unless you have carefully considered and accepted all relevant risks.
### B.1 Architectural and Protocol Risks
· The Protocol relies on smart contracts and third-party blockchain infrastructure. Bugs, exploits, oracle manipulations, validator failures, network forks and similar events may result in irreversible loss of Digital Assets.
· DeriW and the Protocol may rely on layer-2, layer-3, sequencer, settlement-layer or cross-chain infrastructure. Failure, censorship or compromise of any such infrastructure may render the Protocol or the Services unavailable, delayed or insecure.
· The Interface uses gas-abstracted or meta-transaction signing models. Bugs or exploits in the relayer or signing infrastructure may result in transaction failure, double-spend or unauthorised execution.
### B.2 Market and Counterparty Risks
· Liquidity may be thin or absent for certain Perpetual Contracts, particularly during volatile periods, which may result in significant slippage, partial fills or inability to close a position.
· Insurance funds, if any, may be inadequate to cover loss in periods of extreme market stress, in which case losses may be socialised across users with positive positions or other risk-sharing mechanisms applied.
· Stablecoins used as collateral are issued by third parties and may de-peg, be frozen, blacklist your Wallet or fail.
### B.3 Regulatory and Tax Risks
· The legal and regulatory treatment of Digital Assets, decentralised finance, Perpetual Contracts and tokenised TradFi instruments is uncertain and varies by jurisdiction. Future legislative, regulatory or judicial action may adversely affect your access, holdings or rights, retroactively or otherwise.
· You are responsible for understanding and complying with all tax, reporting and other legal obligations applicable to your activity.
### B.4 Security Risks
· Your Wallet, devices, internet connection and credentials may be compromised by malware, phishing, social engineering, supply-chain attacks or otherwise, resulting in irreversible loss of Digital Assets.
· Third-party browser extensions and software may interfere with or intercept your interaction with the Interface.
## Schedule C. Current Vault Products
This Schedule supplements Section 8 (Vaults and Liquidity Provision). The Vault products listed below are those offered by DeriW as at the effective date of these Terms. DeriW may add, remove, vary, suspend, terminate or rename any Vault product at any time, and may amend this Schedule without amending the body of these Terms. Each Vault product is governed by its own product documentation, which forms part of these Terms in respect of that product.
### C.1 PendulumAMM Liquidity Provision
Users may deposit Digital Assets into the PendulumAMM liquidity pool to provide market-making liquidity for trading on the Protocol. PendulumAMM liquidity providers (LPs) receive LP tokens or equivalent interests representing their proportional share of the pool and any associated fees, rebates or rewards, and bear the associated risks of impermanent loss, smart-contract failure, oracle failure, market loss and liquidity loss. The specific operating terms, fee schedule, withdrawal mechanics and risk parameters of the PendulumAMM are set out in the PendulumAMM product documentation.
### C.2 Super Stake Vaults
Users may deposit Digital Assets into Super Stake Vaults to participate in staking, restaking, yield generation or other Protocol-related strategies in exchange for a share of fees, rewards, distributions, or profit-and-loss attributable to the relevant Vault. Super Stake Vault deposits are subject to lock-up periods, withdrawal queues, slashing risk where applicable, smart-contract risk, market risk, and the other risks set out in these Terms. The specific operating terms, lock-up periods, fee schedule and risk parameters of each Super Stake Vault are set out in the relevant Super Stake Vault product documentation.
### C.3 No Guarantee, No Endorsement
Nothing in this Schedule constitutes a guarantee, endorsement, recommendation, or statement of opinion in respect of any Vault product. Users should review the relevant product documentation, understand the risks, and form their own view before depositing any Digital Assets. Past performance is not indicative of future results.
# Privacy & Cookie Policy
Last updated: 26 June 2026
This Privacy and Cookie Policy (the **“Policy”**) for DeriW Foundation Ltd (the **“Company”**, **“we”**, **“our”**, or **“us”**) describes the basis on which we may process personal data we may collect from users of the Company’s website, **[www.deriw.com](http://www.deriw.com)**, including any of its subdomains (the **“Website”**), in accordance with applicable law. For purposes of applicable data protection laws, the Company is the controller. For the purposes of this Policy, **“you”** and **“your”** refers to you as the user of the Website.
Read this Policy carefully so that you understand your rights in relation to your personal data and how we might collect, use, and process it. If you do not agree to this Policy, do not use, access, connect to or interact with the Website, or otherwise provide your information to us.
## 1. Personal Data We Collect About You, Why We Process It, and the Legal Basis for Processing
When you access, use, connect to, or interact with the Website, we may collect certain categories of information about you, including personal data, from a variety of sources.
### 1.1 Information You Provide to Us
Data may include: (i) any digital-asset, smart-contract, or protocol address (**“Wallet”**) information; and (ii) geolocation data. You provide this data to us when you connect your Wallet to the Website. Other data may include transaction data or history, such as your public blockchain transaction history and other information associated with a linked address or Wallet and any token holdings. Should you contact us, we will collect the content of the communications we have with you and any personal data contained within, including the email address you used to contact us.
### 1.2 Information We Collect Automatically
When you visit certain pages on our Website, our servers save each access in a log file. The following data may be collected: (i) the date and time of access; (ii) the country from which the Website is accessed; (iii) any API endpoints being accessed; (iv) user agent details; (v) the operating system of your computer and the browser you are using (provider, version, and language); and (vi) the transmission protocol used (e.g., HTTP/1.1).
We may also use web beacons, clear gifs, geolocation and tracking technologies, and other applications when you visit the Website, including technologies that collect certain information about your access to, use of, connection to, or interaction with the Website (**“Usage Data”**) that may be integrated with third-party service providers. In our legitimate interests in providing effective services to you, we may also use this data to create aggregated, anonymised, or de-identified data.
### 1.3 Third-Party Wallet Connections and Disclaimer
Certain features of the Website may require you to connect a compatible third-party digital Wallet. By using such a Wallet, you agree that your access to, use of, connection to, and interactions with such third-party Wallets are governed by the policy applicable to the relevant Wallet, and you agree that you are using the Wallet in accordance with the terms and conditions of the applicable third-party provider. Wallets are not maintained or supported by, or associated or affiliated with, the Company. We expressly disclaim any and all liability for actions arising from your use of third-party Wallets, including without limitation actions relating to the use or disclosure of personal information by such third-party Wallets.
### 1.4 Blockchain Data
Certain data relating to your activity on the Website may be recorded on a public blockchain. Given the technological design of public blockchains, this data is publicly accessible, may be retained indefinitely, and cannot be deleted, amended or made anonymous by us. You acknowledge and accept this characteristic of public blockchains before interacting with the Website.
### 1.5 Legal Basis for Processing Personal Data
We generally process the information we collect when we need to do so to perform our contract with you. For example, the processing of this data is carried out for the purpose of enabling your access to, use of, connection to, and interaction with the Website, including: (i) to facilitate your connection to the Website; and (ii) to identify if you are likely to be a Restricted Person, as defined in our Terms and Conditions. Each case with respect to any of (i) or (ii) is in order for us to perform our contract with you and in our legitimate interests to provide access to the Website to you.
With your consent, we may use any data collected, including Usage Data, to tailor features and content to you and to ensure content is presented in the most effective manner for you and your device. We may also use and run analytics to better understand your user experience with respect to the Website.
We may also process this data in our legitimate interests to assist system security and stability for provision of the Website, to conduct troubleshooting, data analytics, testing, and research, to enable optimisation and internal statistical analysis with respect to the Website, and to maintain the safety and security of our users, the Website, and to improve and develop the Website. In addition to the foregoing, we may use any of your information to comply with any applicable legal obligations, to enforce any applicable terms of use, and to protect or defend the Website, our rights, and the rights of our users or others.
### 1.6 Cookie Policy
We use cookies to enhance your experience when accessing and using the Website. The cookies we use are strictly necessary cookies, which help ensure compliance with our Terms and Conditions, and are otherwise integral to our ability to provide the best user experience and to help us understand general usage patterns. These cookies are not used for marketing purposes. By continuing to use the Website, you consent to the placement of these cookies.
You can configure your browser to refuse some or all cookies, or to alert you when cookies are being set. If you disable strictly necessary cookies, some parts of the Website may not function properly.
## 2. Your Rights
Under applicable data protection laws, you may have certain rights in relation to your personal data. These rights may include the following:
* Access to your personal data that we hold, information on how we use it, and who we share it with;
* Request the correction of inaccurate or incomplete personal data we hold about you, which we may verify as necessary before making changes;
* Deletion or removal of your personal data, in certain circumstances;
* Objection to the processing of your personal data, in certain circumstances;
* Restriction of the processing of your personal data, to stop us from processing the personal data we hold about you other than for storage purposes, in certain circumstances;
* Portability of your personal data; we will endeavour to provide you, or a third party, with a copy of the personal data that we hold about you and transfer it to a third party in a structured, commonly used, machine-readable format;
* Withdrawal of consent, where we rely on consent to process personal data. This will not affect the processing of personal data carried out before consent is withdrawn or on legal bases other than consent.
You may submit a written request concerning the processing of your personal data to us at our registered office at Citrus Grove, Ground Floor 106 Goring Avenue, Suite #647, 10 Market Street Camana Bay George Town, Grand Cayman, KY1-9006, Cayman Islands. Prior to any response to such request, we will require you to verify your identity. We may have valid legal reasons to refuse your request and will inform you if that is the case. These rights apply only in certain circumstances and all of these rights may be limited by law. Such limitations may apply, for example, where fulfilling your request would adversely affect other individuals or our trade secrets or intellectual property, where there are overriding public interests, or where we are required by law to retain your personal data. To the extent required under applicable data protection laws, we will be responsive to your request without undue delay and, where required, at least within one month (though this may be extended by a further two months in certain circumstances).
## 3. Sharing of Personal Data
In certain circumstances, we may share your information with third parties with your consent, as necessary, or as otherwise required or permitted by law, including but not limited to:
* Service providers and vendors: we may share your personal data with third parties to process on our behalf. Such third parties could include blockchain analysis service providers, sanctions-screening service providers, developers, content-delivery service providers, geo-blocking service providers, and data-analytics service providers. Such service providers may assist us with many different functions and tasks, including geo-blocking based on IP address and collecting anonymised device information for analytics purposes.
* Professional advisors, in our legitimate interests or as required by law.
* For legal and security reasons and to protect our Website, in our legitimate interests or as required by law.
Your personal information may be transferred to and stored or processed in countries outside the jurisdiction in which you live and reside, including outside the European Economic Area (“EEA”) and the United Kingdom (“UK”), in order to provide the Website. Your personal information may also be processed by staff operating outside the UK and EEA who work for us or for third-party service providers or partners. We will take steps reasonably necessary to ensure that your personal information is treated securely and in accordance with this Policy.
Where we transfer your personal information to third parties located outside the EEA or the UK, we will seek to put in place appropriate safeguards to ensure that this transfer occurs in accordance with applicable laws. These measures include seeking entry into the standard contractual clauses (“SCCs”) approved by the European Commission (for transfers outside the EEA) and an international data transfer agreement or addendum to the SCCs approved by the UK Information Commissioner’s Office (“ICO”) (for transfers outside the UK), unless the data transfer is to a country that has been determined by the European Commission or the relevant UK authorities, as applicable, to provide an adequate level of protection for individuals’ rights and freedoms with respect to their personal data.
## 4. Retention
We will retain your personal data only for so long as necessary to fulfil the purposes for which it was collected, including for the purposes of satisfying any legal, accounting or reporting requirements, or as otherwise required by law. The length of time we retain your data will depend on the nature of the data and the purpose for which it was processed.
## 5. Children’s Privacy and Data Protection
The Website is not intended for or directed at any person under eighteen (18) years of age. If we become aware that we have unknowingly collected information about any person under eighteen (18) years of age, we will make commercially reasonable efforts to delete such personal data and other information from our records.
## 6. Security Measures Taken to Protect Personal Data
Be aware that despite our efforts to protect your personal data and other information, we cannot guarantee perfect security of your information transmitted through the Website. In addition, any information you send to us electronically may not be secure while in transit. Any transmission is at your own risk.
## 7. Usage Data Collection
When you access, use, connect to, or interact with the Website, the Company and any of its third-party service providers may receive and record personal data that you may have provided and your digital signature.
## 8. Social Media and Other Third-Party Websites and Links
We may provide links on the Website to other websites or online platforms operated by third parties, including social media or content platforms operated by third parties, such as X (formerly Twitter), Telegram, Discord or Medium (such platforms generally, “Social Media Platforms”). We may also provide links to websites or online platforms operated by third-party contributors to the DeriW Protocol and ecosystem (“Contributors”). We do not own, operate, or control such third-party websites.
If you follow links to sites not owned or operated by us, you should review their available privacy and security policies and other terms and conditions. We do not guarantee and are not responsible for the privacy, security, or content of these sites, including the accuracy, completeness, or reliability of information and services found on these sites.
Third parties and Contributors may provide services, information, dashboards, websites, tools, functionalities, and applications, and these may be linked from time to time through the Website or through Social Media Platforms. Such third parties and Contributors are independent and, as such, we do not own, operate, or control their services, information, dashboards, websites, tools, functionalities, and applications and cannot guarantee, and are not responsible for, the privacy, security, or content of these sites or the accuracy, completeness, or reliability of any services, information, dashboards, websites, tools, functionalities, and applications found on these sites. Our inclusion of links, including through Social Media Platforms, does not, by itself, imply any endorsement of such services, information, dashboards, websites, tools, functionalities, and applications, or of their owners, operators, or publishers, except as disclosed on the Website.
When you open a link to any Social Media Platform from the Website, a direct connection may be established between your browser and the server of the Social Media Platform. This provides the Social Media Platform with information that you visited the Website and accessed the link. If you access a link to a Social Media Platform while logged into your account on the Social Media Platform concerned, the content of the Website may be linked to your profile on the platform (the Social Media Platform may link your visit to the Website directly to your user account). If you want to prevent this, you should log out before clicking on the relevant links. In any case, an association takes place when you log in to the relevant Social Media Platform after clicking on the link.
## 9. Periodic Reviews and Updates to Policy
This Policy takes into account the requirements of applicable data protection laws in Cayman Islands and general privacy principles. Individuals located in the European Union (“EU”) and the United Kingdom may have rights under the EU General Data Protection Regulation 2016/679 and the UK General Data Protection Regulation, respectively (collectively, the “GDPR”). You can file a claim with the data protection supervisory authority in the EEA country in which you live or work or where you think we have infringed data protection laws, or with the UK Information Commissioner’s Office, as applicable to you. Other applicable global privacy and data-protection laws may provide you with rights with respect to your personal data and other information.
We may review and update this Policy from time to time. Updates to this Policy will apply only to information collected after the date of the change. If we make material changes, we will update the *“Last updated”* date at the top of this Policy.
## 10. Contact
If you have any questions about this Policy or our processing of your personal data, please write to us at our registered office at Citrus Grove, Ground Floor 106 Goring Avenue, Suite #647, 10 Market Street Camana Bay George Town, Grand Cayman, KY1-9006, Cayman Islands.
# Protocol Roadmap
As we gear towards mainnet launch, we will be continuously updating our features. We will update the Roadmap accordingly, and you will be able to find the most recent version here.