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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After a successful demo phase—with over 6,400 users, 4,600 Proofs of Personhood, and billions in demo trading volume—we’re excited to introduce the next stage in Denaria’s evolution: the public on-chain testnet!
In today’s article, we will cover:
What happened before the testnet
Introduction to the testnet
How to access the testnet
Points campaign update
How to claim testnetUSD and start trading
Denaria released the first version of its perpetual demo in late September. This off-chain product was primarily designed to test the app’s UX, the underlying trading engine, the passkey system for managing wallets, and other key components of the upcoming perpetual platform.
As mentioned earlier, the demo was a huge success, and its end coincided with our experience in the Ethena Accelerator program, which we won.
Today, the next phase begins—Denaria is running its testnet on-chain, with smart contracts deployed on the Linea Sepolia testnet.
https://x.com/DenariaFinance/status/1901665626734600340
Today, anyone can access the Denaria App, and trade with testnet funds.
Initially, traders can open long and short positions on **$BTC **with up to 15x leverage. More assets will be listed in the coming weeks.
Unlike the previous demo phase, this testnet runs entirely on-chain. This allows us to test all smart contracts, optimize performance, and identify potential bugs before the final on-chain deployment on Linea.
https://x.com/DenariaFinance/status/1902462601113825334
For new users, onboarding is simple:
Get the mobile app -> https://demo.denaria.finance/?ref=blg-tsnx, and use the invite code: blg-tsnx
Create a testnet wallet linked to your email.
Secure your wallet with biometric authentication (e.g. Face ID for iPhone users).
A smart wallet will be created using Zerodev’s technology stack.
For existing users, the process is similar, as they’ll also need to create a new testnet wallet using the same email they were using in the demo phase.
What Happens to Previous Demo Balances?
Demo balances have been erased. Each new user will start the testnet journey with a welcome bonus of 2000 testnetUSD.
Extra DXP points will be airdropped soon based on the wallet value traders achieved in the past months. You can find more info about the conversion from demoUSD to DXP in this dedicated post.
Existing DXP points from the demo phase remain valid and will be added to new points earned during the testnet phase.
Finally, it’s important to note that the team may update the system at any time during the campaign to release critical updates, possibly without prior notice. This could lead to the forced closure of all open trades. Any updates will be communicated through official social media channels—and whenever possible, in advance.
During the testnet phase, we are boosting the points campaign, with more DXP available daily for active users.
Similar to the demo phase, users who complete the Proof of Personhood by Anima, will earn 10x more points across all tasks than those who don’t. We are doing this to ensure a fair campaign that rewards real users over bots and sybils.
The following table represents the DXP point rewards for the 'daily log-in task' which, as you can see, increases when the log-in is consecutive day by day.
Once the highest tier is reached, it remains active as long as the trader logs in daily.
Other DXP rewards include:
50 DXP for completing the Proof of Personhood process.
40 DXP, with completed Proof of Personhood, per day for completing a new trade.
250 DXP for inviting new users using a referral code.
Stay tuned for more opportunities to earn DXP!
Similar to the demo phase, traders can claim a daily allocation of testnetUSD. The amount increases when claimed consecutively each day.
Also here, once the highest tier is reached, it remains active as long as the trader claims daily.
Note: In the first few days, early testers who quickly engaged with our testnet received thousands of testnetUSD for their trades. The new DXP distribution ratio will be adjusted tomorrow according to the above table.
Denaria is building a revolutionary perpetual DEX based on a dynamic virtual AMM "dynAMM", prioritizing both trading performance and decentralization.
This testnet is the final step before the mainnet launch, and early testers play a critical role in refining the system.
Keep testing, stack as much DXP as possible, and unlock future rewards!
The new era of decentralized trading starts now!
Follow our X account, to stay updated on the next steps in the testnet, and join our Telegram and Discord communities for any questions or to contact the team.
After a successful demo phase—with over 6,400 users, 4,600 Proofs of Personhood, and billions in demo trading volume—we’re excited to introduce the next stage in Denaria’s evolution: the public on-chain testnet!
In today’s article, we will cover:
What happened before the testnet
Introduction to the testnet
How to access the testnet
Points campaign update
How to claim testnetUSD and start trading
Denaria released the first version of its perpetual demo in late September. This off-chain product was primarily designed to test the app’s UX, the underlying trading engine, the passkey system for managing wallets, and other key components of the upcoming perpetual platform.
As mentioned earlier, the demo was a huge success, and its end coincided with our experience in the Ethena Accelerator program, which we won.
Today, the next phase begins—Denaria is running its testnet on-chain, with smart contracts deployed on the Linea Sepolia testnet.
https://x.com/DenariaFinance/status/1901665626734600340
Today, anyone can access the Denaria App, and trade with testnet funds.
Initially, traders can open long and short positions on **$BTC **with up to 15x leverage. More assets will be listed in the coming weeks.
Unlike the previous demo phase, this testnet runs entirely on-chain. This allows us to test all smart contracts, optimize performance, and identify potential bugs before the final on-chain deployment on Linea.
https://x.com/DenariaFinance/status/1902462601113825334
For new users, onboarding is simple:
Get the mobile app -> https://demo.denaria.finance/?ref=blg-tsnx, and use the invite code: blg-tsnx
Create a testnet wallet linked to your email.
Secure your wallet with biometric authentication (e.g. Face ID for iPhone users).
A smart wallet will be created using Zerodev’s technology stack.
For existing users, the process is similar, as they’ll also need to create a new testnet wallet using the same email they were using in the demo phase.
What Happens to Previous Demo Balances?
Demo balances have been erased. Each new user will start the testnet journey with a welcome bonus of 2000 testnetUSD.
Extra DXP points will be airdropped soon based on the wallet value traders achieved in the past months. You can find more info about the conversion from demoUSD to DXP in this dedicated post.
Existing DXP points from the demo phase remain valid and will be added to new points earned during the testnet phase.
Finally, it’s important to note that the team may update the system at any time during the campaign to release critical updates, possibly without prior notice. This could lead to the forced closure of all open trades. Any updates will be communicated through official social media channels—and whenever possible, in advance.
During the testnet phase, we are boosting the points campaign, with more DXP available daily for active users.
Similar to the demo phase, users who complete the Proof of Personhood by Anima, will earn 10x more points across all tasks than those who don’t. We are doing this to ensure a fair campaign that rewards real users over bots and sybils.
The following table represents the DXP point rewards for the 'daily log-in task' which, as you can see, increases when the log-in is consecutive day by day.
Once the highest tier is reached, it remains active as long as the trader logs in daily.
Other DXP rewards include:
50 DXP for completing the Proof of Personhood process.
40 DXP, with completed Proof of Personhood, per day for completing a new trade.
250 DXP for inviting new users using a referral code.
Stay tuned for more opportunities to earn DXP!
Similar to the demo phase, traders can claim a daily allocation of testnetUSD. The amount increases when claimed consecutively each day.
Also here, once the highest tier is reached, it remains active as long as the trader claims daily.
Note: In the first few days, early testers who quickly engaged with our testnet received thousands of testnetUSD for their trades. The new DXP distribution ratio will be adjusted tomorrow according to the above table.
Denaria is building a revolutionary perpetual DEX based on a dynamic virtual AMM "dynAMM", prioritizing both trading performance and decentralization.
This testnet is the final step before the mainnet launch, and early testers play a critical role in refining the system.
Keep testing, stack as much DXP as possible, and unlock future rewards!
The new era of decentralized trading starts now!
Follow our X account, to stay updated on the next steps in the testnet, and join our Telegram and Discord communities for any questions or to contact the team.
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