In order to further decentralize the entire DerivaDEX protocol ecosystem, recently, DerivaDEX Limited, the research and development company that created the DerivaDEX protocol, has rebranded as DEX Labs. Next, DEX Labs will continue to work on the research and development of the DDX protocol, and the community governance and overall coordination of the protocol will be in charge of the DerivaDEX Foundation and DerivaDAO.
Different logos of the DerivaDEX protocol and DEX Labs, which provides products and R&D services for the DerivaDEX protocol.
All upgrades of the DerivaDEX protocol will be decided by DerivaDAO final vote. This includes previous proposals, such as the successful proposal to lift the DDX governance cliff, and will also include any future proposals, including a proposal to launch the DDX protocol mainnet. The DerivaDEX Foundation will continue to undertake the responsibilities of ecological construction and coordination of community governance.
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Application for one-on-one user research👀
DEX Labs will recruit a small number of users in the next two to three weeks. These users will be able to view the transaction protocol in the testnet stage for the first time, provide important user feedback, and have a one-on-one feedback meeting with product manager Ainsley (conducted in English).
Application link (copy and open in browser)
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Testnet 🔬
After the one-to-one user research phase is over, we plan to release a more open testnet version. The exact release date will depend on the progress and results of the internal testing currently in progress, and DEX Labs is making every effort to release this version as soon as possible.
The upcoming testnet version is basically the same as the mainnet function expected to be released in the future, and large-scale stress testing can be carried out.
This will also make it possible for the larger DerivaDEX community to participate in testing and provide feedback on our products.
In order to promote active participation in the testnet, testnet users during this period will have the opportunity to receive transaction rewards and other incentives, so please don't be shy and register actively!
Sign up for emails to be notified of opportunities to participate in the testnet, make sure to include your email in this form.
Form link:
roadmap outlook
DEX Labs' top priority is to build a high-performance and secure derivatives protocol for DerivaDEX.
During the development process, it is sometimes difficult to predict a clear timeline and fully meet its progress. However, as the R&D team continues to solve some common technical problems and make great progress during the development process, we will gradually provide a clearer roadmap and development timetable.
At the same time, in the process of work, if we find it necessary to solve some newly discovered security issues or product requirements, we will make corresponding changes to the roadmap and timetable.
At present, according to the existing development progress, DEX Labs is expected to propose DerivaDAO to launch the main network in the second quarter of 2021. This version should include at least:
Support depositing USDC into DerivaDEX as collateral
In view of the recent significant increase in the popularity of USDC, and we found that the usage rate of USDC is higher than that of USDT in DeriaDEX insurance mining, we decided to choose USDC instead of USDT as the main collateral type supported by the DerivaDEX derivatives protocol.
USD/ETH and USD/BTC perpetual trading pairs
Innovative transaction mining plan
High-performance transaction matching and execution, users do not need to pay network Gas fees for transaction behavior
Transparent, auditable transaction log for DerivaDEX execution engine
Fast and secure deposits and withdrawals between the DerivaDEX protocol and the Ethereum mainnet
