DenariaDenaria Next Phase and New DXP Campaign Mechanism
DenariaIntroducing Denaria Mainnet Alpha and The Next Steps
After months of testing, two internal audits and two external audits, Denaria finds itself at a crucial moment in its history. In this article, we’ll discuss the next steps that will bring the Denaria perpetual DEX from a testnet on Linea Sepolia to an open public mainnet on Linea L2.What the Testnet Was Used ForThe Denaria public testnet was introduced on March 19, and since then, extensive testing and smart-contract improvements have been carried out. Below is a summary of the major fixes a...
DenariaDenaria Monthly Recap – October
Here’s a quick recap of everything that happened last month:Denaria Major Testnet UpdateA few days ago, we completed a major testnet update that brought several improvements like the updated solidity version and the new global position accounting system. https://x.com/DenariaFinance/status/1981802220078121152Testing, Testing, TestingThis month, Denaria accounted for almost 50% of all transactions on the @LineaBuild Sepolia testnet. https://x.com/DenariaFinance/status/1975194681488323043Dune D...
DenariaDenaria Next Phase and New DXP Campaign Mechanism
DenariaIntroducing Denaria Mainnet Alpha and The Next Steps
After months of testing, two internal audits and two external audits, Denaria finds itself at a crucial moment in its history. In this article, we’ll discuss the next steps that will bring the Denaria perpetual DEX from a testnet on Linea Sepolia to an open public mainnet on Linea L2.What the Testnet Was Used ForThe Denaria public testnet was introduced on March 19, and since then, extensive testing and smart-contract improvements have been carried out. Below is a summary of the major fixes a...
DenariaDenaria Monthly Recap – October
Here’s a quick recap of everything that happened last month:Denaria Major Testnet UpdateA few days ago, we completed a major testnet update that brought several improvements like the updated solidity version and the new global position accounting system. https://x.com/DenariaFinance/status/1981802220078121152Testing, Testing, TestingThis month, Denaria accounted for almost 50% of all transactions on the @LineaBuild Sepolia testnet. https://x.com/DenariaFinance/status/1975194681488323043Dune D...
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It’s happening!
After months of R&D, offchain testing, onchain testnet, and closed mainnet, Denaria Mainnet Beta will go public on March 10 and begin its journey to conquer @LineaBuild.
In today’s article, we are going to share everything you need to know about the “Denaria Mainnet Beta” also known as “Phase 4” in our internal roadmap.
We are also ready to share more information about the new DXP campaign, which comes with this release and will set the stage for future rewards.
Denaria is a perpetual DEX using an innovative trading engine called “dynAMM”, which allows traders to take long and short exposure with leverage of up to 15x.
Denaria Mainnet Beta will be accessible through the smartphone PWA, while the desktop version will be released very soon.
To obtain the PWA on your smartphone, you must visit our website and follow the installation instructions. Once there, the only requirement is to find an invite code from someone who already has access.
Please note that each user can invite only 10 new users, so invite codes will be limited and difficult to find, especially in this initial release period.
Check our posts on X, join our Telegram chat, and ask around. The earlier you get access, the greater your advantage will be in terms of the DXP campaign.
Assuming you have an invite code, here’s how to open your first trade:
The first step to opening a trade is to deposit trading collateral. Collateral must be $USDC on @LineaBuild, sent to your PWA address. Visit our docs for comprehensive tutorials about how to deposit $USDC, directly from Linea or from other chains.
After that, the process is super easy.
Go to the BTC/USD market (more markets will be added soon), choose the amount of USDC you want to commit, select the trade direction (long or short), and set your preferred leverage.
You will then be asked to sign the transaction using your passkey, and we will handle the rest, including the blockchain fees.
We believe early users should be rewarded, which is why we are launching a new DXP campaign for this new phase.
Here are the ways you can earn DXP points:
Share your invite code → This is the easiest way to earn DXP. When a new user creates an account using your code, you receive points. You also earn a portion of the points generated by the users you invite. Since each user only has 10 invites, it is worth sharing them with active traders.
Trade and generate volume → You earn 0.4 DXP for every $1 of trading volume. The more you trade, the more DXP you earn.
Complete daily tasks → To complete the daily task, traders must make at least one $500 trade per day. Each completed day increases the amount of DXP you can claim. If you miss a day, your streak resets and you must start again from the beginning.
Please note that this DXP campaign will run for a limited time. More information will be shared soon.
Our mission with Denaria is to become the de facto perpetual DEX on @LineaBuild. We chose this L2 because of its strong alignment with Ethereum values.
Denaria is not another CLOB-powered perpetual DEX. Instead, it embraces a DeFi-first, fully onchain philosophy that perfectly aligns with the ethos of Linea and Ethereum.
The dynAMM has been tested and fine-tuned for months and is designed to deliver low slippage and enable advanced liquidity management strategies that even the most powerful perpetual DEXs struggle to achieve.
We are extremely excited to start this journey alongside the incredible @LineaBuild team and to bring our perpetual DEX to the top of this ecosystem. Denaria Rises.
It’s happening!
After months of R&D, offchain testing, onchain testnet, and closed mainnet, Denaria Mainnet Beta will go public on March 10 and begin its journey to conquer @LineaBuild.
In today’s article, we are going to share everything you need to know about the “Denaria Mainnet Beta” also known as “Phase 4” in our internal roadmap.
We are also ready to share more information about the new DXP campaign, which comes with this release and will set the stage for future rewards.
Denaria is a perpetual DEX using an innovative trading engine called “dynAMM”, which allows traders to take long and short exposure with leverage of up to 15x.
Denaria Mainnet Beta will be accessible through the smartphone PWA, while the desktop version will be released very soon.
To obtain the PWA on your smartphone, you must visit our website and follow the installation instructions. Once there, the only requirement is to find an invite code from someone who already has access.
Please note that each user can invite only 10 new users, so invite codes will be limited and difficult to find, especially in this initial release period.
Check our posts on X, join our Telegram chat, and ask around. The earlier you get access, the greater your advantage will be in terms of the DXP campaign.
Assuming you have an invite code, here’s how to open your first trade:
The first step to opening a trade is to deposit trading collateral. Collateral must be $USDC on @LineaBuild, sent to your PWA address. Visit our docs for comprehensive tutorials about how to deposit $USDC, directly from Linea or from other chains.
After that, the process is super easy.
Go to the BTC/USD market (more markets will be added soon), choose the amount of USDC you want to commit, select the trade direction (long or short), and set your preferred leverage.
You will then be asked to sign the transaction using your passkey, and we will handle the rest, including the blockchain fees.
We believe early users should be rewarded, which is why we are launching a new DXP campaign for this new phase.
Here are the ways you can earn DXP points:
Share your invite code → This is the easiest way to earn DXP. When a new user creates an account using your code, you receive points. You also earn a portion of the points generated by the users you invite. Since each user only has 10 invites, it is worth sharing them with active traders.
Trade and generate volume → You earn 0.4 DXP for every $1 of trading volume. The more you trade, the more DXP you earn.
Complete daily tasks → To complete the daily task, traders must make at least one $500 trade per day. Each completed day increases the amount of DXP you can claim. If you miss a day, your streak resets and you must start again from the beginning.
Please note that this DXP campaign will run for a limited time. More information will be shared soon.
Our mission with Denaria is to become the de facto perpetual DEX on @LineaBuild. We chose this L2 because of its strong alignment with Ethereum values.
Denaria is not another CLOB-powered perpetual DEX. Instead, it embraces a DeFi-first, fully onchain philosophy that perfectly aligns with the ethos of Linea and Ethereum.
The dynAMM has been tested and fine-tuned for months and is designed to deliver low slippage and enable advanced liquidity management strategies that even the most powerful perpetual DEXs struggle to achieve.
We are extremely excited to start this journey alongside the incredible @LineaBuild team and to bring our perpetual DEX to the top of this ecosystem. Denaria Rises.
Phase 1 → Smart contracts deployed & infrastructure live on Linea Phase 2 → Internal team testing (no DXP distribution) Phase 3 (in progress) → First product rollout to selected users (no DXP distribution)
Phase 4 → Referrals open, public
Phase 1 → Smart contracts deployed & infrastructure live on Linea Phase 2 → Internal team testing (no DXP distribution) Phase 3 (in progress) → First product rollout to selected users (no DXP distribution) Phase 4 → Referrals open, public
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