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.

The 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 and upgrades that have been executed since the testnet deployment:

• Transition from single-position to global-position accounting

• Smart-contract Solidity updates

• Continuous parameter optimization for the dynAMM

• Liquidator stack improvements

• Funding-rate core mechanism and parameter tuning

• Introduction of a recovery system for smart accounts

• Ability to move stablecoins in and out

• Two internal audits

• Two external audits

The Denaria journey has been long, starting with an offchain demo and continuing through a fully onchain testnet.

Throughout this process, the trading engine has been extensively stress-tested under real market conditions, across thousands of users and trades.

The following stats clearly demonstrate the depth and intensity of this testing, validating both the robustness and reliability of the protocol over time.

Demo stats

• 6,400 traders onboarded, with 4,600 users having completed Proof of Personhood verification.

• $3.5B total trading volume, with $2.1B traded in long positions and $1.4B traded in short positions

• 118,000 total trades

• 85,000 liquidations recorded

Testnet stats

• Cumulative 8,700+ users onboarded, with 5,900+ users completed human verification

• 133,000 trading positions executed

• 11,700 positions liquidated by the liquidator

A few days ago, a crucial milestone was achieved by our dev team as the smart contracts powering the Denaria trading engine have been deployed on Linea L2.

While they are currently usable only internally for an initial testing period, this step marks an exceptional moment in Denaria’s history and brings us closer to our goal: making Denaria the leading perpetual DEX on @LineaBuild.

We’ve decided to keep this first mainnet version gated, as an internal testing phase with real funds must be completed before opening it to the public.

Don’t worry, you’ll be able to start using Denaria very soon.

This is a comprehensive, yet flexible, roadmap for the upcoming weeks:

Phase 1 (current stage) → Smart contract deployment and infrastructure setup, including frontend and liquidity provisioning.

Phase 2 → Start of the “Mainnet Alpha” and deployment of the first liquidity. Usage is internally gated, with real on-chain operations on Linea. There are no DXP rewards in this phase.

Phase 3 → Opening access to a small, selected group of users and initial product distribution. Still, there are no DXP rewards in this phase.

Phase 4 → Introduction of the “Mainnet Beta”. This phase will enable referral links, allowing anyone to invite users, and will start a new DXP campaign on mainnet.

The audit conducted in collaboration with @ConsensysAudits is now available in our documentation. The Mainnet Alpha and Beta processes have been ideated according to auditor feedback.

BTC/USD will be the first tradable market, with leverage up to 15x. More assets will be added in the weeks.

As shared previously, the team has been working on a second front-end that will allow trading on Denaria Desktop. This front-end will be released soon, stay tuned.

The DXP campaign will undergo major changes to better align incentives for users trading with real funds. A dedicated communication will follow to explain the next phase of this important campaign.

We want to close this update by sincerely thanking everyone who participated in the Denaria testnet on Linea Sepolia. Your activity and feedback have been invaluable in helping us build a better perpetual DEX.

Now we’re ready to conquer Linea with our dynAMM.

Are you ready?

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.

The 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 and upgrades that have been executed since the testnet deployment:

• Transition from single-position to global-position accounting

• Smart-contract Solidity updates

• Continuous parameter optimization for the dynAMM

• Liquidator stack improvements

• Funding-rate core mechanism and parameter tuning

• Introduction of a recovery system for smart accounts

• Ability to move stablecoins in and out

• Two internal audits

• Two external audits

The Denaria journey has been long, starting with an offchain demo and continuing through a fully onchain testnet.

Throughout this process, the trading engine has been extensively stress-tested under real market conditions, across thousands of users and trades.

The following stats clearly demonstrate the depth and intensity of this testing, validating both the robustness and reliability of the protocol over time.

Demo stats

• 6,400 traders onboarded, with 4,600 users having completed Proof of Personhood verification.

• $3.5B total trading volume, with $2.1B traded in long positions and $1.4B traded in short positions

• 118,000 total trades

• 85,000 liquidations recorded

Testnet stats

• Cumulative 8,700+ users onboarded, with 5,900+ users completed human verification

• 133,000 trading positions executed

• 11,700 positions liquidated by the liquidator

A few days ago, a crucial milestone was achieved by our dev team as the smart contracts powering the Denaria trading engine have been deployed on Linea L2.

While they are currently usable only internally for an initial testing period, this step marks an exceptional moment in Denaria’s history and brings us closer to our goal: making Denaria the leading perpetual DEX on @LineaBuild.

We’ve decided to keep this first mainnet version gated, as an internal testing phase with real funds must be completed before opening it to the public.

Don’t worry, you’ll be able to start using Denaria very soon.

This is a comprehensive, yet flexible, roadmap for the upcoming weeks:

Phase 1 (current stage) → Smart contract deployment and infrastructure setup, including frontend and liquidity provisioning.

Phase 2 → Start of the “Mainnet Alpha” and deployment of the first liquidity. Usage is internally gated, with real on-chain operations on Linea. There are no DXP rewards in this phase.

Phase 3 → Opening access to a small, selected group of users and initial product distribution. Still, there are no DXP rewards in this phase.

Phase 4 → Introduction of the “Mainnet Beta”. This phase will enable referral links, allowing anyone to invite users, and will start a new DXP campaign on mainnet.

The audit conducted in collaboration with @ConsensysAudits is now available in our documentation. The Mainnet Alpha and Beta processes have been ideated according to auditor feedback.

BTC/USD will be the first tradable market, with leverage up to 15x. More assets will be added in the weeks.

As shared previously, the team has been working on a second front-end that will allow trading on Denaria Desktop. This front-end will be released soon, stay tuned.

The DXP campaign will undergo major changes to better align incentives for users trading with real funds. A dedicated communication will follow to explain the next phase of this important campaign.

We want to close this update by sincerely thanking everyone who participated in the Denaria testnet on Linea Sepolia. Your activity and feedback have been invaluable in helping us build a better perpetual DEX.

Now we’re ready to conquer Linea with our dynAMM.

Are you ready?