In the name of safety, DeriW rewrites the on-chain Perp DEX experience

Security is the main theme of the blockchain industry's development. Recently, several platforms have experienced security incidents, while CoinW has operated for 8 years without any incidents, forming its own insights on security and blockchain.

Now, CoinW has decided to transfer this experience to the on-chain world, aiming to provide the safest and fastest on-chain derivatives DEX product, namely DeriW. Unlike existing products, DeriW adopts a parallel approach that balances security and speed from the very beginning, leading to an ultimate user experience. We start from the technical concept to take a closer look.

Technical Foundation: CoinW Reshapes the Future of On-Chain Trading

On March 4, 2025, the decentralized perpetual contract trading platform DeriW based on Arbitrum announced the launch of its testnet. DeriW is based on Arbitrum's L3, with its security guaranteed by L2, and L2's security provided by Ethereum. Based on this, DeriW can enjoy Ethereum's security and the ultra-high TPS of customizable L3, reaching up to 80,000.

As an innovative protocol focused on derivatives trading, DeriW attempts to achieve a balance between user experience and asset security through multi-layer security architecture and optimized trading logic.

In terms of security, DeriW not only inherits the underlying security of L2 and L1 but also achieves cross-chain state synchronization through the Rollup mechanism. It actively combines offensive and defensive strategies, with on-chain security tools monitoring abnormal states in real-time and providing a bug bounty program to eliminate risks at their source.

Thanks to the high customization of L3, not only can it achieve 0 Gas Fee, but DeriW also optimizes trading aggregation logic to minimize MEV attacks, reduce user trading costs, and enhance trading fairness.

On this basis, DeriW adopts a non-custodial model, allowing users to manage their own funds, eliminating third-party intervention risks. Additionally, the core contracts are managed through a multi-signature wallet + time-lock mechanism and have completed audits by authoritative security agencies, with all code open-sourced for community oversight.

Moreover, based on its CEX development experience, CoinW has set multiple defenses on DeriW's fund permissions, ensuring that even DeriW cannot access user funds. All fund-related operations are limited to a whitelist, immutable, and risk isolation is implemented at the underlying architecture level.

Regarding the criticized security of cross-chain bridges, DeriW chooses to inherit Arbitrum's mature solution, adopting the same cross-chain bridge implementation as L2. It achieves cross-chain state synchronization through the Rollup mechanism, and when submitting fund states from DeriW L3 to Arbitrum L2, it employs an optimistic verification mechanism to correct abnormal transactions within a protection period, ensuring user safety.

With multiple security guarantees at the smart contract layer, fund layer, and cross-chain layer, DeriW essentially achieves the optimal solution under current technical conditions, thereby building a user trust loop and attracting various users. If you have missed many opportunities, please do not miss DeriW.

Ecosystem Incentives: 6600 DER Points Rewards Await

Since the development of DeriW began, it has achieved or plans to achieve on-chain open source, multi-signature governance, and DAO mechanism establishment. In the future, DeriW will also optimize core parameters through community voting, gradually realizing complete decentralized governance.

Furthermore, CoinW has prepared rich rewards for users participating in the DeriW testnet activities. DeriW has launched the "SUPERNOVA Plan", where each user can earn up to 6600 DER Points.

The activities are divided into two main modules: tiered tasks and basic airdrops. After users complete the corresponding tasks, rewards will be airdropped to their addresses after the mainnet launch:

1. Basic Task Level 1: Users only need to connect their wallet or create a DeriW wallet, claim test tokens, and complete their first transaction of ≥ 1000 USDT to receive a reward of 100 DER;

1. Tiered Tasks: Divided into three levels based on cumulative trading volume and holding days:

1. Level 2: Trading volume ≥ 100,000 USDT, holding for 1 day, reward of 500 DER tokens;

1. Level 3: Trading volume ≥ 500,000 USDT, holding for 2 days, reward of 1000 DER tokens;
2. Level 4: Trading volume ≥ 1,000,000 USDT, holding for 4 days, reward of 5000 DER tokens.

Conclusion

Decentralization is an unstoppable historical trend. CoinW chooses to engage in this field, and DeriW embodies the genes of high speed, security, and low cost from the very beginning. With multiple guarantees such as authoritative audits, multi-signature management, MEV resistance, and a mature cross-chain bridge solution, DeriW can balance high security and an exceptional user experience.

After 8 years of CoinW's establishment, the emergence of DeriW will continue CoinW's glory, becoming the first stop for building a fast, efficient, and cost-effective on-chain contract experience.