Space Summary
The Twitter Space August Community Call hosted by DeriwFi. The August Community Call delved into Deriw’s secure trading ecosystem on Arbitrum Orbit, emphasizing global accessibility, regulatory compliance, and community engagement. Discussions highlighted the importance of security measures, blockchain interoperability, AI integration, and the evolving DeFi landscape. Deriw stands out through its privacy-focused approach, user-centric features, and commitment to inclusivity for a diverse trader base. As the platform evolves, it aims to implement user feedback, enhance security practices, and stay ahead of emerging trends in decentralized finance.
For more spaces, visit the DeFi page.
Questions
Q: How does Deriw ensure security on Arbitrum Orbit for global investors?
A: Deriw prioritizes security measures such as encryption, multi-factor authentication, and regular audits to protect user assets.
Q: Why is regulatory compliance crucial in the DeFi space?
A: Adhering to regulations ensures transparency, legitimacy, and trust among users and governing bodies.
Q: What are the benefits of blockchain interoperability for trading platforms like Deriw?
A: Interoperability allows seamless asset transfers across different blockchains, expanding trading options and liquidity.
Q: How does AI enhance the trading experience on Deriw?
A: AI algorithms analyze market trends, optimize trading strategies, and enhance user decision-making capabilities.
Q: What role does community feedback play in shaping Deriw’s platform evolution?
A: User feedback assists in implementing features, enhancing user experience, and adapting to market demands.
Q: How does Deriw promote inclusivity for global traders in the DeFi sector?
A: Deriw offers multilingual support, educational resources, and accessible tools to cater to a diverse investor base.
Q: What are the key considerations for users to secure their digital assets in DeFi?
A: Users should implement best practices like cold storage, hardware wallets, and regular security updates to safeguard their investments.
Q: Why is AI integration significant in optimizing trading processes?
A: AI automates repetitive tasks, analyzes data in real-time, and improves decision-making efficiency for traders.
Q: How does Deriw differentiate itself in the DeFi market?
A: Deriw stands out through its focus on privacy, security, user experience, and global accessibility for traders worldwide.
Q: What future trends do you foresee for Deriw and the DeFi industry?
A: Deriw aims to expand its offerings, integrate new technologies, and adapt to regulatory changes to stay competitive in the evolving DeFi landscape.
Highlights
Time: 12:15:08
NFT Authentication and Trust Exploring the importance of verifying NFT authenticity and building trust in digital assets.
Time: 21:45:30
Regulatory Considerations in DeFi Discussions on navigating regulatory frameworks and compliance requirements in decentralized finance.
Time: 31:10:52
Technological Advancements in Trading Insights on how advanced technologies like blockchain interoperability are reshaping the trading landscape.
Time: 42:25:17
AI Integration for Trading Optimization Understanding the benefits of AI algorithms in automating trading processes and enhancing decision-making.
Time: 52:30:40
Community Engagement for Platform Evolution Importance of user feedback in improving features, enhancing user experience, and driving platform growth.
Time: 01:05:19
Inclusive Features for Global Traders Deriw’s initiatives to promote inclusivity through multilingual support and accessible tools for diverse investors.
Time: 01:15:55
Security Practices in DeFi Educational resources on securing digital assets, implementing best practices, and safeguarding investments.
Time: 01:25:30
AI in Trading Strategies AI’s role in analyzing market data, optimizing trading strategies, and improving user decision-making processes.
Time: 01:35:22
Deriw’s Unique Offerings in DeFi Highlighting Deriw’s focus on privacy, security, user experience, and global accessibility for traders.
Time: 01:45:10
Future Trends in DeFi Exploration of future plans to expand services, integrate new technologies, and adapt to regulatory changes for sustained growth.
Key Takeaways
- Security and privacy are paramount in Deriw’s trading platform on Arbitrum Orbit.
- Global accessibility is emphasized for investors using Deriw, promoting inclusivity.
- Regulatory compliance discussions highlight the importance of legal frameworks in the DeFi space.
- Community engagement strategies are crucial for fostering trust and sustainable growth.
- Innovative technologies like blockchain interoperability enhance user experience and utility.
- Understanding the impact of AI integration in optimizing trading processes and user interactions.
- Exploration of diverse investment opportunities within the DeFi sector for global traders.
- Adaptability to market trends and user feedback is essential for platform evolution.
- DeFi’s role in reshaping traditional financial systems with decentralized and inclusive alternatives.
- Educating users on wallet security and best practices for safeguarding digital assets.
Behind the Mic
Introduction to the Community Call
Hey, hey, everyone. I see a lot of people joining in. That’s awesome. Thank you all for joining. And, yeah, so this is actually our 1st August community call from Deriv, and it’s not going to be a long one, it’s going to be a really quick one. But the purpose is actually to kind of, you know, just brief everyone a little bit about Deriv and, you know, talk a little bit about the key features that makes Deriv stand out in the defi space and a kind of like a sneak peek into the upcoming trading competitions that will go live with our Testnet launch. And we have a price pool of over 50,000 USDT that you can win from just by putting in trades and climbing up that top trader ladder using testnet tokens.
Participation and Competitions
So it’s completely free to claim testnet tokens and to trade. And by, you know, making trades, you have the chance to win from a $50,000 prize pool. And besides that, we also have a lot of competitions going on. So I’m going to go through all of these so that you can kind of understand how you can take part in them, what you can do. And I, by taking part in these competitions, it’s also a great way for you to kind of know more about Derv and understand what makes this dex different from other decentralized exchanges. I’m quite excited to talk about Deriv. It’s actually a decentralized derivatives trading platform providing perpetual contract trading and fund contract products.
Deriv’s Mission and Features
Our mission is very simple. It is to attract the next billion traders to the derivatives market, injecting new vitality into the industry. So there are a couple of features that we’ve been focusing and building on. And these have, you know, we believe that these will put Deriv ahead of all the other dexs. And, and, yeah, so the first one is zero gas fees. Now we know how frustrating gas fees can be, right, especially during high network congestions. Sometimes for every trade that you make, you need to pay a gas fee. And if you’re a trader that does multiple trades within a matter of minutes, then it can rack up a lot of fees.
Zero Gas Fees and Speed
So we offer zero gas fees on trades for all of our traders, meaning that you can trade without worrying about extra costs eating up your profits. The second thing is our layer three technology, which is, you know, one of the first to be seen in a Dex. So as we all know, time is money, right, especially in trading. I’m with Deriv. Transactions can be processed at a lightning speed, ensuring that you never miss an opportunity. And besides, fast transactions, you also have low transaction costs. So if you are a trader that’s looking to make a quick profit, then our layer three technology will be a lot of help for you.
User Experience and Asset Selection
The third part is just the general experience of using tariff. So it has a like a centralized exchange kind of experience similar to binance or any other exchange that you use. So what we’ve done is we’ve combined the best of both worlds by providing a centralized exchange like experience in a decentralized environment. So with this you’re able to enjoy high liquidity, fast order matching and just experience all of these with a user friendly interface. The fourth thing I think that appeals to a lot of traders is a wide asset selection. So normally if you do, you know, engage indexes, you’ll notice that they’re probably only like 20 pairs, 30 pairs, and sometimes they are standard pairs.
Introduction to Deriv’s Features
You know, eth, you don’t get a lot of meme coins and stuff like that, which some traders want to like long, short or whatever. So we are able to add a wide array of tokens and traders also have the opportunity to kind of suggest tokens as well. So by this we are giving traders the flexibility to diversify their portfolios and explore new opportunities. And the fifth one is high leverage. You know, for some traders who are, you know, who like to take on risk and who might be more experienced, they might prefer high leverage options. And with Deriv, you’re able to go up to 100 x max on your trades, so you’re able to fully maximize your potential returns. But with that being said, it’s always, you know, important that you be careful with your funds and just make every trade as careful as possible, but do everything with caution. That’s a little bit about what deriv is.
Upcoming Launch and Testnet Experience
We’re going to be launching our testnet within the next week or maybe two weeks. And with that you’ll be able to experience our trading functions or lp functions that come with high returns. And you’re able to kind of understand how each of these work. Use our testnet tokens to trade and just get some practice in if it is something that you’re new to. And yeah, talking about the testnet, I want to talk about some of the events and competitions that will be happening for users. So the first one is our gleam bounty hunter, token hunter event. Sorry. So the main objective of this event is for users to kind of make sure that you are in touch with our socials or our platforms. And whenever we have new events and stuff like that, you’re able to kind of sign in and take part.
Events and Competitions Details
So this event will actually be a selection of social media tasks and trading tasks where you’ll be able to kind of log into our website, do a few trades and get those tasks done. And then basically, once you’ve got those done, you’ll be kind of vying for a prize pool. I believe it’s at five K USDt. So, you know, it’s a simple list of objectives that you can finish and then you have a chance to win from a prize pool. And, yeah, I think this is something that’s fairly equal to a lot of users. And the more tasks you do, the more points that you accumulate. So that will give you a better chance of winning. So, yeah, that’s something that’s interesting for a lot of people.
Details on Trading Competition
The second one is our trading competition. So this is for users to use our trading function within deriv. Basically what you have to do is claim testnet tokens, make a trade on deriv. You can long, short, you know, do whatever you want, you can close in the trade and lock it in. And basically, at the end of our trading week, we will have a leaderboard where you can kind of see where you rank if, how your p and l is doing right. That’s what matters for this trading competition. And we will kind of be reviewing this on a snapshot basis. I believe we have three competitions lined up. So this is a good way, you know, to make some winnings if trading is your thing and we’ve made it equal, so that, you know, it doesn’t have to be always top ten traders who have a chance to win.
Opportunity for More Traders
It could be maybe in the top 20, top 30, top 40, maybe even top 100. This competition fosters a more inclusive environment for all traders, not just the most experienced ones. By allowing a broader spectrum of participants a chance to win, we hope to encourage more engagement and excitement within the trading community. With all these features and opportunities we’re providing, we aim to create a robust trading platform that accommodates everyone, from novices to seasoned traders. This is part of our commitment to ensuring that everyone has a fair chance to succeed and grow their portfolios in the dynamic world of trading.
Overview of Upcoming Competition
These rules would be released later on, closer to the event. And then, yeah, based on your position at that time of snapshot, yeah, you have a chance to win. The total price pool for this is 50,000 USDT. And these are all paid in stablecoin and also in dare, which is our platform token. So, yeah, so it’s called Dir, right? And yeah, this is one of our biggest competitions and also one of the biggest competitions happening on arbitrum for a testnet event. So hopefully, once it launches, you’re able to check it out and make a trade and win something. So please make sure that you follow our social media accounts for, you know, for like, immediate information on when this event goes live.
Bug Bounty Competition Introduction
The third one is our bug bounty competition. So as you all know, with new platforms, it’s inevitable that there are some issues within, and sometimes we need our fans and followers to spot them. And this is where this competition comes into action. Basically, if you do come across any errors or issues whilst trading or just engaging within the derivative website, you can make sure to record it and then submit it via the bug bounty page on our website. So you just need to fill in a few basic information, let us know what’s going on, what went wrong, and you can just upload it and share with us. How it works is our team will be basically going through all of this info, just seeing how important this error is or how dangerous this error is, and then we’ll get back to you in a few days.
Reward Structure and Rules
I think the main thing is that the amount of money that’s been shed will depend on how major this error is. So we don’t have a fixed amount for every error that users may find. But we will let you know if we do think that it is an error that has a big impact. And the second thing is, if it’s an error that multiple users have identified, then we will be only rewarding the first person who discovered this error. So that’s how the rules would go for this event. Yeah. And then these three events are kind of the main testnet events that will be going on. You can also see them a little bit more on our website as well.
Additional Testnet Events and Social Media Follow-Up
And besides that, we’ll be having a lot more smaller testnet events that you can take part that also include a lot of prize money. So please make sure to follow our social media channels and yeah, and I believe we will be launching in the next week or two, so hopefully we’ll be able to share a little bit more about that in the coming days. And so that’s the part about the social media. Right. And our testnet competitions. I also wanted to talk about just general information on Defi and some of the big news that’s been happening.
Keep Up with DeFi News
So there are a couple of issues that we want to talk about and we’ll be sharing a lot on our twitter as well. So if you’re someone that wants to keep up to date with Defi news, our Twitter account is also a great source, so please make sure to follow. Right, so the first one is actually the real world asset tokenization. Right. You know, if RWA is something that you’ve been following, you’ll probably notice that it’s been trending lately. And I think it’s mostly because more traditional finance institutions are starting to explore the potential of tokenizing assets like real estate, commodities and bonds. Bringing these assets into the DeFi space for easier access and liquidity.
Regulatory Scrutiny in DeFi
The second one is regulatory scrutiny. This is something that’s been pretty important in our space, I think, as DeFi is something that’s growing very fast. Regulators around the world are also paying closer attention to the space. I think also with the US SEC, we’ve been pretty vocal about regulations for DeFi platforms and just the growth in general. And I think it’s important to note that us, as a DeFi platform, we will also be kind of staying in line with the rules and ensuring that user assets are secure and that we do not get into any unwanted trouble.
Adoption of DeFi
I would say the next one, I would say is just adoption of DeFi and the institutional adoption. We will notice that a lot of major financial institutions are partnering with DeFi projects to explore the potential, especially in areas like lending, borrowing and derivatives. This trend is quite significant, we believe, since I think it’s key to mainstream acceptance and the general integration of DeFi solutions into traditional finance.
Layer Two Scaling Solutions
Next one is l two scaling solutions. So I don’t know how you, how much you guys are familiar with layer two solutions, but, you know, I think as web three grows and there is a continuous demand for lower fees and transactions, faster transactions, I would say, and just layer two solutions on it could be, you know, optimism, arbitrum, all on Ethereum, you know, they’ve been gaining more and more popular. I think these solutions are also pretty crucial for scaling DeFi applications and making them more accessible to a broader audience.
Deriv’s Layer Solutions
Yeah. So deriv is also exploring, you know, such solutions. As you all know, we do have our layer three as well, but we’re also looking to scale and integrate and potentially collaborate with more platforms so that, you know, we are able to bring even more lower fees, even faster transactions, and just have a, you know, healthy ecosystem for all of our users.
Current Events Impacting the Ton Ecosystem
I think one of the main, one of the next big news that’s been coming up today has been the ton ecosystem. As you all know, Ton has dropped, I believe, like 15% at one point. I don’t know how much it is right now, but ton suffered a big drop today and there are many reasons to it. But a lot of people say that it is mainly due to the telegram CEO who was just arrested at, I think, in France a couple hours ago.
Implications of Telegram CEO’s Arrest
And then since telegram has a very close relationship with the ton ecosystem, this is supposed to have some kind of collateral effect. And. Yeah, so I think this is one of the main news that’s coming out so far. And a lot of people are saying that it goes beyond just technology and web three and it’s slowly moving towards the politics side as well. So it’s interesting to see how that works out, hoping that Pavel, who is the telegram CEO, is freed and it won’t really affect the general ecosystem since this drop is kind of scary if you guys are into investing and so on.
Updates and Future Engagements
So yeah, this is one of the main issues that we and we will be keeping up news that are on our social. So yeah, that’s it for now. Just a quick catch up on what we do, what are our features and just a quick catch up on what’s going on. And another important thing is that we will be having a AMA with arbitrum tomorrow and this is going to be an official AMA where we’ll be talking about what we do.
AMA and Trading Competitions
We’ll dive deeper into these trading competitions and how if you are an arbitram user, you can kind of get into even more prizes and take part in them. So if you do have time, please make sure to sign in and join. It’s at 11:00 p.m. i believe. Yeah, so yeah, that’s it from our side.
Excitement for Upcoming Changes
Thank you very much for joining in and listening. I’m very excited to share all of this with you and it’s exciting times as we get ready for our testnet launch. So yeah, please stay tuned and make sure that you follow all of our social so that you know when our testnet competitions are starting ending and the exact price pool and how you can take part and most importantly win.
