After a first period of internal testing, which was run solely by the internal team, Denaria is now ready to open the gates to a broader and larger group of traders.
Alongside sharing this key process in today’s article, we will also dive into what and how the new DXP points campaign will look like now that Denaria operates with real funds on the Linea blockchain.
What we are showing is the result of months of work, and we could not be more excited to share with you what’s next for Denaria.
Denaria’s smart contracts were deployed a few days before Christmas, which means they have been live and tested for several days now.
During the holiday season, only the internal team was able to operate with them, and everything ran smoothly.
A total of 172 operations were executed in the first weeks. The initial liquidity deployed was around $10k and has since been increased to $50k in the BTC/USD market, with the liquidator that has worked as intended.
This allows us today to open the gates to a broader community of users, for the first time to non-team members.
Thanks to this reassuring data, we have decided to move to the next phase for Denaria, which opens the gates to a select group of traders.
The onboarding of these new users will allow us to stress-test the trading engine in a more complex and demanding way, as the number of operations and managed liquidity will be higher.
Traders will be able to trade the BTC/USD market using a maximum leverage of 15x. These users will be the first able to test Denaria on mainnet after the core team and, as a reward, will be the first to have access to referral codes when they are activated in the next phase.
This first group of selected users comes from the testnet. If you’re one of them and have actively used Denaria over the past few months, you may be selected.
If you’re not included this time, don’t worry, access will be gradually expanded to more users over the coming weeks. Keep testing the app in testnet and accumulating DXP points.
What we ask this batch of users is to test everything and report feedback to the core team.
To be clear, we are now entering the “Phase 3” expressed in this roadmap.
After months of testing, 2 internal and 2 external audits, Denaria is entering the final stretch toward a public mainnet launch.
- What has been achieved during testnet:
Global-position accounting, dynAMM optimization,
Alongside this crucial step for Denaria, what we want to highlight here is the new mechanism that will power the mainnet DXP campaign.
While the numbers still have to be determined and the starting day still to be selected, the core mechanism is set, and these are the four actions that will allow you to gain DXP points.
Use referrals and invite friends → this is the most straightforward and easy way to accumulate DXP. When a new user, using your referral, creates an account on Denaria, you accumulate points.
Trade and generate volume → for each dollar of volume, you will be rewarded with DXP points. The mechanism is simple: more volume leads to more DXP.
Mainnet multiplier → All your previous DXP accumulated during the demo, testnet and first mainnet phase, will be multiplied based on the mainnet volume that you will be able to achieve in a precise period of time.
Complete the daily task → traders will be required to complete a minimum trading volume each day to complete the task. If so, users will be able to claim an incremental amount of DXP.
But pay attention: if users miss one day, they will need to restart the streak from the beginning.
Again, the new DXP campaign is not live yet and will not until the “Mainnet Beta” will be started.
We will publish a dedicated communication about the precise starting date soon.
For the first time, Denaria will be tested by non-team users, which means we are officially kicking off the mainnet journey.
We could not be more excited about this crucial step.
This is the last phase before the Mainnet Beta, which will be the period when referral links will be activated and everyone will be able to trade on Denaria.
The results coming from the next days of trading will be crucial to understand when the Mainnet Beta will start, and we will share more information here on X.
Denaria is ready to conquer Linea!