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DELa -L2
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Launch App

AboutBlogCommunityDeLa
Launch App
 * Ecosytem
 * Perp Dex Protocol
   * Introduction
   * Price Data
   * Fees
   * Order Types
   * Smart-account
   * Insurance Vaults
   * Guardian
   * API & TradingView Alerts
   * Addresses
 * DeLa Layer-2  
   * Network Info
   * DeLa
 * Governance
   * Utility
   * $DPRP
   * DeCredit
   * Roadmap
     ‍


OVERVIEW

At DePerp, we're revolutionizing trading. Forget the old world of high fees,
complex systems, and limited choices. With DePerp, experience instant trades, a
vast array of assets, and unmatched liquidity, all on a user-friendly platform
that drops the hefty fees. Welcome to the future of trading—simple, fast,
limitless. DePerp, your gateway to efficient trading, reimagined.

Forget about unexpected losses due to delays!

At DePerp, every transaction is executed instantly thanks to cutting-edge
decentralized pyth oracle technology, eliminating latency to 0.4 seconds. 🔮
 Now, your trades always precisely reflect the current market, without the risk
of slippage. Connect to DePerp and trade a step ahead!

Don't limit your options!

While other platforms offer a limited set of assets, DePerp stands out by
providing access to over 50 assets across cryptocurrency, forex.  Expand your
trading horizons with DePerp and seize opportunities unavailable to competitors.

Facing difficulties on other platforms due to their complex interfaces?

DePerp solves this problem by offering a super intuitive gaming interface with
convenient calculators and the ability to execute complex orders in one click!
 Switch to DePerp and enjoy trading like never before. 🎮

Tired of low liquidity on other platforms?

DePerp changes the game by ensuring high liquidity through a unique model where
successful traders trade against the losing ones.  Add to this our innovative
insurance pools, and you get unparalleled support for every trade.  With DePerp,
you'll always find a market for your orders.

Forget about miner fees!

With DePerp, you trade directly on the blockchain, paying no miner fees thanks
to our unique technology. 🛠️ This makes each of your operations more
profitable. Stop overpaying for trading. Join DePerp and trade more efficiently!

On other platforms, you need to create accounts, make deposits, and worry about
data privacy.

DePerp does things differently: we require no deposits, no account creation, and
we don't store your personal data. Trade freely and securely, knowing your
privacy remains intact. ‍

With DePerp, you're not just trading efficiently; you're also earning from
trading commissions in insurance vaults.

These vaults accumulate unclaimed losses from traders, commissions, and proceeds
from liquidations. The insurance pools are protected against downturns,
increasing your profit and investment security.

Why pay more on other exchanges?

DePerp traders save up to 76% on fees compared to other CEXs and DEXs, where
fees range from 0.07% to 0.12%. DePerp offers a unique rate of just 0.05%,
making your trading not only profitable but also efficient.

Trade at different blockchain layers.

DePerp supports major L2 networks and is developing its own L2 ethereum based to
connect traders worldwide. This reduces miner fees and ensures deep integration
with TradeFi to lower fees for fiat asset deposits and withdrawals.

At DePerp, the $DPRP token is not just an asset; it's an earning opportunity.

Staking the token allows you to earn income from the platform's trading
commissions. What makes DePerp unique is that the token is repurchased with
unclaimed losses from traders, providing you with additional income. Moreover,
you control the Treasury liquidity through governance voting.

‍

‍




PRICE DATA

‍
DePerp currently utilizes the Pyth Network:

 * Market Data Access: DePerp leverages Pyth's real-time price feeds for a wide
   range of assets, benefiting from their ultra-low-latency and high-frequency
   updates.
 * Financial Product Optimization: Utilizing accurate and timely market data
   from Pyth, DePerp enhances its financial products and services.
 * Transparency and Quality Assurance: DePerp ensures the reliability of its
   services by using Pyth's first-party data, minimizing the risk of data
   inaccuracies.
 * Data Consumption Efficiency: DePerp uses Pyth's 'Pull Oracle' model for
   gas-efficient and on-demand price updates.
 * Historical Data Analysis: DePerp incorporates Pyth Benchmarks for informed
   decision-making and product structuring, based on reliable historical market
   data

Powered by: Pyth Network 🔗

‍



FEES

‍DePerp Fees vary by market, let's look at some examples below.

Crypto
Taker (Open) 0.05%
Maker (Close) 0.05%

Metals & Forex
Taker (Open) 0.02%
Maker (Close) 0.02%
‍
There is also an execution fee detailed below which is used to pay for the
blockchain network costs.

Funding fee
Funding rates for each market and collateral asset are determined hourly, taking
into account the real-time imbalance of open interest. This dynamic calculation
allows for a more accurate reflection of market conditions and helps maintain a
balanced trading environment.

Funding fee = (Funding Factor- (Open Interest(short) - Open Interest(long))
/(Open Interest(long) + Open Interest(short))) / (365 * 24)

Execution Fee
There are two transactions involved in opening / closing / editing a position:
User sends the first transaction to request open / close / deposit collateral /
withdraw collateralGuardians observe the blockchain for these requests then
execute them.




ORDER TYPES

DePerp order types are specific instructions that traders give to exchanges to
help them buy or sell assets at desired prices and under specific conditions.
Understanding and using various order types can help traders execute their
strategies more effectively and manage their risk. At the moment, all markets
are isolated for the selected collateral.

Buy Market Order
This order type allows you to buy an asset immediately at the best available
price. It's executed quickly, ensuring that you don't miss out on a potential
opportunity. However, since it's executed at the current market price, you may
end up buying at a higher price than anticipated if the market is volatile.


Buy Limit Price Order
With this order type, you can specify the maximum price at which you're willing
to buy an asset. Your order will only be executed if the asset's price falls to
or below your specified limit. This helps you control the cost of your purchase
but may result in your order not being executed if the price doesn't reach your
limit.


Stop-limit / Stop-loss

A stop order on a DePerp is a special rule you set to help you trade contracts
that don't have an end date. There are two main types: stop-loss orders and
stop-limit orders.

Stop-loss
This is like saying, "If the price goes down too much, sell my contract
automatically." It helps you avoid losing too much money.

This is like saying, "If the price goes down to a certain point, try to sell my
contract, but only if I can get a good price for it." It helps you control how
much money you might lose.

To use stop orders, follow these steps:

Choose the contract: Pick the trading pair you want to trade on the DePerp
exchange (e.g., BTC/USD).

Set a stop price: Decide the price that will trigger your stop order.

Pick the order type: Choose between stop-loss or stop-limit orders based on how
much risk you want to take.



Enter the details: Tell the exchange your stop price, and for stop-limit orders,
the minimum price you want to sell for. Also, tell them how many contracts you
want to trade.

Watch your order: Keep an eye on the market. If the stop price is reached, your
order will happen automatically.

Stop orders help you trade more safely. Be careful when choosing your stop
prices and amounts, and always watch the market.


Take Profit / Take Limit Price orders

These are orders that allow you to lock in profits when the market moves in your
favor. A Take Profit order is essentially the opposite of a stop-loss order. You
set a target price above your entry point (for long positions) or below your
entry point (for short positions), and if the market reaches that price, your
position will automatically be closed, securing your profit.

To use Take Profit orders, follow these steps:

Choose the contract: Pick the trading pair you want to trade on the Deperp
exchange (e.g., BTC/USD).

Set a target price: Decide the price at which you want to close your position
and take your profit.

Enter the details: Tell the DePerp your target price and the amount position you
want to close at that price.

Watch your order: Keep an eye on the market. If the target price is reached,
your order will happen automatically, and your profit will be locked in.
‍

Reduce-only orders

These are orders designed to reduce your position size without increasing it. A
reduce-only order can be a limit order or a stop order, but it will only be
executed if the trade reduces the size of your existing position. If the
execution of the order would result in increasing your position size, the order
will not be executed or will be partially filled to the point where your
position size remains unchanged or reduced.

Reduce-only orders are particularly useful for risk management, as they allow
traders to secure profits and limit losses without accidentally increasing their
exposure to the market.

To use Reduce-only orders, follow these steps:

Choose the order type: Select whether you want to create a limit order,
stop-loss order, or stop-limit order with the Reduce-only option.

Enter the details: Set the necessary parameters for the chosen order type, such
as the price and the number of contracts you want to trade.

Enable the Reduce-only option: Make sure to check the box or toggle the switch
for the Reduce-only option when placing your order.

Watch your order: Monitor the market and your order. If the conditions are met,
your order will be executed, but only to the extent that it reduces your
position size.

By understanding and utilizing Take Profit and Reduce-only orders, you can
manage your risk more effectively and enhance your trading strategy.




SMART ACCOUNTS AND GASLESS TRADING

‍
In an industry-first, Taurus introduces native support for account abstraction
in partnership with Biconomy. This feature allows the creation of smart
accounts, enabling traders to transact without incurring gas fees and bypassing
the need for wallet signatures.

Features:

 1. ERC-4337 Compliance: Biconomy Smart Accounts, adhering to this standard,
    work seamlessly with Paymasters & Bundlers.
 2. Modular Design: Supports a variety of customizable modules, allowing the
    addition of new features with minimal development effort.
 3. Ease of Upgradation: The minimal storage requirement facilitates secure and
    easy upgrades for new functionalities.
 4. Secure Delegation: Designed with 'authorized parties' for easy delegation
    and automation of authorization.
 5. Customization: Facilitates the customization of smart accounts to enhance
    user experience.
 6. Simplified Onboarding & Authorization: Supports biometric and social login
    options, reducing wallet pop-ups through session keys.
 7. Transaction Automation: Allows the creation of parameters for automating
    certain user actions
    ‍

Powered by: Biconomy Smart Accounts 🔗



INSURANCE VAULTS

Our insurance multi-collateral vaults serve multiple purposes:

 * Earning trading fees
 * Assisting traders in opening positions
 * Regulating market dynamics




Our  insurance vaults are designed to benefit  in several key ways:

 * Earning Potential through Trading Fees: Investors have the opportunity to
   earn trading fees by providing collateral assets in these vaults.
 * Support for Traders' Positions: These vaults enable traders to open positions
   in their chosen markets, providing essential financial backing.
 * Dynamic Profit and Loss Management: When traders incur losses, these are
   compensated to the insurance vault. Conversely, the vault pays out profits to
   traders. This system ensures a balanced financial ecosystem.
 * Availability of Earned Commissions: Commissions earned by the vault are
   always accessible for withdrawal, offering liquidity and flexibility to
   investors.
 * Temporary Freezing of Traders' Losses: Losses incurred by traders are held
   within the contract for a period of 3 days. During this time, profits are
   distributed to the traders from these funds.
 * Withdrawal Option for Insurers: After the 3-day period, if the profits have
   not been claimed by profitable traders, insurers have the option to withdraw
   their deposits along with the profit generated from the unclaimed losses.
 * Market Regulation Capabilities: Insurance vaults play a crucial role in
   regulating market dynamics. They set the maximum open interest overall and
   for each market individually, as well as the maximum percentage of profit. If
   these limits are reached, the contract has the capability to automatically
   terminate a trader's position, ensuring payouts are made in line with risk
   parameters.

‍



GUARDIAN

DePerp is excited to unveil our newly developed Guardian Mechanism, a feature
designed to optimize the trading process and reward participation. Here's how it
works:

 * Simplified Order Execution: Users can now execute orders with ease. This
   process involves simply reading the contract and executing the call function.
   This user-friendly approach is designed to streamline trading activities,
   making them more accessible and efficient.
 * Rewards for MEV Searchers and Arbitrators: A unique aspect of the Guardian
   Mechanism is its reward system. Searchers and arbitrators—those who actively
   seek out and execute these calls—will receive an additional 5% from the fees
   generated by a completed call. This incentive is aimed at encouraging active
   participation and ensuring the smooth functioning of the market.
 * Enhanced Market Efficiency: By enabling users to fill orders through this
   direct and simplified method, the Guardian Mechanism contributes to the
   overall efficiency of the trading platform. It not only benefits individual
   participants but also enhances the trading ecosystem as a whole.

‍





API & TRADINGVIEW ALERTS

Taurus introduces an independent API and self-custody service. This feature
allows direct interaction with the DePerp protocol and seamless integration with
platforms like TradingView. It's a game-changer for automated trading,
leveraging alerts and advanced analytics.

Features

 * Receive and execute market orders based on TradingView strategy alerts.
 * Place orders using webhooks from third-party services.
 * Supports multiple strategies/markets concurrently.

‍
Set up your API service: DePerp Self-Api on GitHub 🔗

‍

‍



DEPERP PERP DEX ADDRESSES

Contracts
Dela Mainnet
Base Mainnet
Position
soon
0x7fee4e1457918Adf315F5E8384B1ddEaf9722F1A
Controller
soon
0xD85ecb1aE6B83AE3fB6353fa794823AcE1cc544f
Vault
soon
0x223c0832390F643FC90CE11d2841ec10eA014877
Orders
soon
0x10FC6De8AB5759DB0BA2355931a14254589836b5
FundingRate
soon
0x064AbF5E9608B107cea93963b4EC5F39290a0945
SheildVault
soon
0xcB4EBF465F61AAb0a281EdCAd3A47f0B3711916a
TradingMarket
soon
0xE52e928c9bCfBd60fE5982cD2F6E0d352ac0eA24
RewardManager
soon
0xC07220735a42F11E3C36d90DAFD1dF5A270D9F90
Rewards
soon
0x2c22Dd9d41Da8b511C36457112b3966be1e601A4
RefInvite
soon
0xA66F101dC0948E9916f5276325bbb0A90aE278ed
VaultManager
soon
0x69bBC2b8AD81C572e5Fd6894d4196c6b69C12975
VaultUtils
soon
0x13254afA6b549b63C65B49eADE5A14fa64163726
VaultAssets
soon
0xcd2F0d3E93559F557f33204acf662F681D79E096
DPRP
soon
soon
Treasury
soon
soon
Governable
soon
0x68C63497c7c740c688E57A3c49A6bDe498000797
GovernorBravo
soon
soon


DELA



NETWORK INFORMATION

‍
Dela TestNet

Network Name: Dela Deperp Testnet
RPC Endpoint: https://sepolia-dela.deperp.com
Chain ID: 9393
Currency Symbol: ETH
Block Explorer: https://sepolia-delascan.deperp.com

Dela Bridge TestNet
‍


Sepolia: https://sepolia-delabridge.deperp.com/
‍

DeLa Optimistic

The Dela Rollup Protocol, it's an advanced blockchain system employing
Optimistic Rollups, integrated with a parent blockchain like Ethereum for
enhanced security and consensus. Key features include Ethereum-based block
storage for maintaining data availability and integrity. A specialized sequencer
is tasked with managing block production. The system uses an execution engine
and a rollup node for deriving L2 blocks from L1 data. It facilitates seamless
ETH or token transfers between layers, allowing for efficient transactions. The
protocol's security is bolstered by fault proof mechanisms, which play a crucial
role in validating state commitments and ensuring overall system reliability.
‍
Main challenges‍

Blockchain Infrastructure Development: Focus on creating a robust, secure, and
high-speed blockchain framework that can support the demanding needs of DeFi and
traditional finance (TradFi).

Cross-Border Transactions for Stablecoins: Develop a system that facilitates
efficient peer-to-peer and institutional stablecoin transactions across borders,
ensuring fast, secure, and compliant transfers.

Institutional Access to DeFi: Implement mechanisms that allow institutional
players seamless and secure access to decentralized finance platforms, bridging
the gap between traditional finance and DeFi ecosystems.

Enhanced Security Protocols: Implement advanced cryptographic techniques to
enhance security, especially for high-value transactions in DeFi and TradFi.

Scalability Solutions: Utilize layer 2 scaling solutions to increase transaction
throughput, crucial for handling large volumes in both DeFi and TradFi sectors.

Regulatory Compliance Tools: Develop tools for regulatory compliance,
particularly for cross-border transactions involving stablecoins, to ensure
adherence to international financial laws and norms.

Institutional-Grade Interfaces: Create user-friendly, secure interfaces tailored
for institutional users to facilitate their entry and participation in DeFi.

Interoperability Frameworks: Develop interoperability solutions to enable
seamless interaction between different blockchain platforms, enhancing
cross-border transactions and institutional access to DeFi.
‍

Powered by: OPStack

‍
‍



TIMELINE



‍


GOVERNANCE

DPRP Multi-Dimensional  Governance Token Utility Model (DMD)

The DMD model represents a forward-thinking approach in the world of
decentralized finance (DeFi). It's designed to enhance the utility, value, and
appeal of the DPRP tokens within its ecosystem. This is achieved through a
series of innovative mechanisms and features, each tailored to improve user
engagement, market responsiveness, and sustainable growth.


DMD Components:

PLATFORM GROWTH LINKED BUYBACK (PGLB)

 * Mechanism: A certain percentage of the platform's profits is allocated to buy
   back DPRP tokens from the market.
 * Impact: This reduces the available supply, potentially increasing the token's
   value.
 * User Growth Correlation: The rate of buyback is directly tied to user growth
   metrics. As the platform attracts more users, more tokens are bought back,
   creating a scarcity that can drive up the token value.

DECENTRALIZED AFFILIATE PROGRAM (DAP)

 * System: Users are incentivized to refer new traders by earning DPRP tokens.
 * Reward Structure: The unique aspect here is the scaling of rewards. A user's
   reward increases based on the activity level of their referrals. This
   encourages users to not just refer new traders but to support them in
   becoming active, long-term platform participants.

CUSTOMIZABLE GOVERNANCE PORTALS (CGP)

 * Utility: Token holders are not just passive investors but active participants
   in decision-making processes.
 * Voting Rights: They can vote on a variety of issues, from fee structures to
   new market listings and feature developments.
 * Community Engagement: This feature fosters a deeper sense of ownership and
   involvement among token holders, potentially leading to a more vibrant and
   engaged community.

TOKEN-LINKED SAVINGS ACCOUNTS (TLSA)

 * Offering: Users can lock in their DPRP tokens to earn a share of trading
   fees.
 * Dynamic Fee Structure: The fees earned are variable and depend on the
   platform's overall performance.
 * Periodic Voting: Token holders can collectively decide to adjust these fees
   in response to changing market conditions, ensuring a balance between
   competitive pricing and profitability.

LIQUIDITY VAULTS ENDOWMENT (LVE)

 * Function: A part of the platform's token supply is locked in a liquidity
   vault.
 * Market Support: This vault provides essential liquidity to the market,
   smoothing out price volatility.
 * Profit Sharing: Profits generated from this liquidity provision are
   distributed back to token holders, offering an additional stream of passive
   income.

PLATFORM EXPANSION GRANTS (PEG)

 * Purpose: Allocates tokens for grants to developers for building new tools or
   features.
 * Innovation and Growth: This stimulates innovation and diversification of the
   platform's services, potentially increasing user engagement and token demand.

TOKEN-BACKED WARRANTIES (TBW) FOR TRADES

 * Concept: Trade warranties backed by DPRP tokens provide compensation for
   losses due to system failures.
 * Trust Enhancement: This feature aims to increase user confidence in the
   platform, thereby enhancing the perceived value and reliability of the DPRP
   token.
   
   

Impact and Sustainability


The DMD model is a holistic approach designed to keep the platform competitive
and responsive to market changes. By integrating these diverse utilities and
incentives, DPRP tokens become a central element of the user experience. This
alignment of the token's value with the platform's performance is a strategic
move towards encouraging long-term investment and fostering sustainable growth
strategies. It's a model that could potentially set a new standard in the DeFi
space, demonstrating the power of innovative token utility in driving platform
success.





TOKENOMICS #DPRP

DPRP is DePerp’s governance token, it allows its holders to govern the protocol.
By enabling collaborative control, the DePerp community can work together to
improve the platform for its traders.






DISTRIBUTION ‍

A total of 100,000,000 DPRP have been minted.

‍
The initial 100% allocation of the total supply of DPRP is as follows:
‍
Community & Governance Treasury 75% (75,000,000 DPRP)

Locked in the Community Treasury contract, are used for governance voting to
make protocol-related decisions. This empowers the DePerp community to
collaboratively control and enhance the protocol. Governance voting manages this
treasury, fostering community control over protocol liquidity.

Foundation Treasury 5% (5,000,000 DPRP)

The Foundation Treasury contract holds funds for influencers and consultants,
accessible via team voting. This supports the DePerp protocol's development and
growth.

Backers Treasury 20% (20,000,000 DPRP)

Allocated to past venture investors & grants for partners, this treasury
recognizes their contributions to DePerp's development and growth, bolstering
investor relations.

‍

‍

‍


DECREDIT


DeCredit stands as an internal loyalty token within the DePerp ecosystem. The
concept is simple yet impactful: Earn $DeCredits and exchange them for $DPRP,
our platform's native token. This process is designed to be straightforward and
user-friendly, allowing our community members to reap the benefits of their
participation seamlessly.

‍

Key Aspects of the Contract:

Token Rewards: Eligible users can claim DeCredits. The contract is also capable
of processing rewards from ecosystem partners.

Eligibility Criteria: To earn these rewards, ensure you have an open position in
the Promo markest, meeting the minimum required size.

Exclusive Claim: To maintain fairness, each user is entitled to a one-time claim
of DeCredits.


Incentivization: DeCredits are designed to reward your active participation,
enhancing the vibrancy of our community.

Simplicity in Exchange: Convert your earned DeCredits into $DPRP, our native
token, in a straightforward process.

Enhanced Utility: Beyond trading, DeCredits offer a pathway to engage in
governance and access unique platform features.

‍
The issuance of "DCredits" is set at 0.5% of the total $DPRP token supply. A
reward system designed to incentivize and engage the community. $DeCredit price
0.5 per $DPRP.




DeCredit Info:

Network: Base Mainnet (ERC-20)
Name: DECREDIT
Address: 0xB3e7ca5eaEE037bBeC7dc86A16d4d1204A09FfE9
Symbols: 18


‍


Epoch 1

The launch of the early access DePerp protocol will allow early adopters to
receive a special status and start training for trading. This will give them a
head start in using the protocol and allow them to familiarize themselves with
its features and functions before it is widely available. As early adopters,
they will also be able to provide valuable feedback that can help the DePerp
team improve the protocol and make it even more user-friendly and effective. The
early access launch is an important step in the development of the DePerp
protocol and will help ensure its success.

Epoch 2

After the launch of the DePerp protocol, the team will focus on launching
liquidity Vaults and attracting liquidity to the protocol. This will enable
users to start trading on Layer-2, providing them with faster and cheaper
transactions than on the main Ethereum network. The team will use a variety of
strategies to attract liquidity to the protocol, such as offering incentives for
users who provide liquidity and promoting the benefits of trading on Layer-2. By
launching Vaults and attracting liquidity, the DePerp team will be able to
provide users with a smooth and convenient trading experience.
The liquidity Vaults in the DePerp protocol ensure smooth trading for users and
help maintain system stability. They also generate fees for the protocol,
providing a source of income that can be used to support its growth and
development. The Vaults are managed by the DePerp team & Governance and are
constantly monitored and adjusted to ensure they are providing the best possible
experience for users. By providing stable liquidity and generating fees, the
Vaults play a crucial role in the success of the DePerp protocol.
Epoch 3

To further support the growth and development of the DePerp protocol, the team
will launch a rewards program for liquidity providers, traders, and the
community. This program will offer incentives and rewards to users who
contribute to the protocol in various ways, such as providing liquidity or
trading on the platform. The rewards program will help to engage and motivate
users, encouraging them to continue supporting the DePerp protocol and
contributing to its success. By launching a rewards program, the DePerp team can
show its appreciation for the contributions of its users and create a strong and
supportive community.
Users who take part in the DePerp community and help with the development of the
protocol will also be eligible for additional rewards. By offering rewards to
traders and other members of the community, the DePerp team is able to
incentivize users to support the protocol and contribute to its growth. This
helps to create a strong and active community that is dedicated to the success
of the DePerp protocol.

Epoch 4

DeLa  Layer-2
will make trading even faster and without extra gas fees.
The Deperp Labs team is dedicated to scaling the DePerp protocols to enhance
transaction speed, focusing on a secure, decentralized solution with a robust
evidence system. They aim to establish a sustainable infrastructure that enables
access to applications and protocols on the DePerp platform. DeLa , a Layer 2
 solution, is at the heart of this initiative. It employs a Rollup strategy for
dynamic and secure scaling of Ethereum. This approach facilitates parallel
transaction execution across multiple Layers, ensuring high efficiency and
security without compromising the integrity or effectiveness of the system.
Epoch 5

DeLa Dapps MarkePlace
DeLa stands out as a versatile platform designed for straightforward
applications that address challenges in both the protocol realm and everyday
scenarios. Focusing on scalability in our blog, we explore innovative methods to
weave DeFi into daily life. DeLa offers its users a comprehensive platform
equipped with a suite of tools, enhancing their experience and solving
real-world issues seamlessly. This integration of DeFi into everyday activities
not only simplifies financial transactions but also broadens the scope of what's
achievable through decentralized solutions.





F.A.Q

Why a decentralized exchange?


Centralized exchanges are online platforms that allow users to buy and sell
cryptocurrencies and other digital assets. They are called "centralized" because
they are operated by a single entity or group, which controls the platform and
has access to user funds. This can make them vulnerable to hacking, theft, and
other security risks. Centralized exchanges also typically have higher fees and
may not offer as much privacy as decentralized exchanges.Decentralized
exchanges, on the other hand, are online platforms that allow users to buy and
sell cryptocurrencies and other digital assets without the need for a central
authority or intermediaries. This makes them more secure, private, and resistant
to censorship. However, decentralized exchanges are often limited by the
performance and scalability of the underlying blockchain network, which can make
them slower and more expensive to use than centralized exchanges.

Deperp is a decentralized exchange platform that offers the benefits of
self-custody asset management, transparent on-chain transaction data, and
on-chain liquidity/reserve confirmation. Unlike centralized exchanges, Deperp
allows users to control their own funds and provides transparency and security.
Unlike other decentralized exchanges, Deperp uses advanced technology to improve
performance and reduce costs, making it faster and more efficient to use. By
building a better design and replacing the sole convenience of centralized
exchanges, Deperp is revolutionizing the way users buy and sell digital assets.


Is KYC required?


Deperp does not require users to undergo Know Your Customer (KYC) verification
in order to access the protocol. Instead, access to the protocol is determined
by the user's ability to access the underlying blockchain network. This means
that as long as a user has the necessary credentials to connect to the network,
they can access the protocol, regardless of whether they have undergone KYC
verification.


Are the smart contracts audited?


Deperp places a high emphasis on the security of its smart contracts. Smart
contracts are self-executing programs that are stored on a blockchain network
and can automatically enforce the terms of a contract or agreement. They are
often used in decentralized applications (dApps) and decentralized finance
(DeFi) to automate processes and reduce the need for intermediaries. Deperp's
commitment to security is demonstrated by its internal testing and independent
audits of its smart contracts. By conducting thorough testing and engaging a top
security firm to perform a detailed audit, Deperp aims to ensure that its smart
contracts are secure and reliable. Additionally, the audit will be open-source
and verifiable by anyone, allowing the community to review and verify the
security of Deperp's smart contracts. This level of transparency and
accountability is important for building trust and confidence in the platform.

What assets are used for collateral?


Deperp allows users to open long positions (also known as "buy" or "going long")
by using crypto assets as collateral. This means that users can trade one
cryptocurrency for another, using their existing digital assets as security for
the trade. For example, a user who owns bitcoin (BTC) could trade it for ether
(ETH) by opening a long position and using their BTC as collateral.In contrast,
short positions (also known as "sell" or "going short") on Deperp can only be
collateralized by stablecoins. Stablecoins are cryptocurrencies that are pegged
to a stable asset, such as the US dollar, in order to reduce price volatility.
By requiring users to collateralize short positions with stablecoins, Deperp may
be able to offer more predictable and stable returns for users who are looking
to profit from a potential decline in the price of a given cryptocurrency.

Why is the asset I want to trade not listed?


Assets are listed when we can provide a reliable trading experience for them.
This is determined based on the availability of a sufficient number of price
sources as well as the trading volume and liquidity of the pair from the price
sources

Deperp determines which assets to list on its platform based on the availability
of reliable trading data and the liquidity of the assets. To provide a good user
experience, Deperp requires a sufficient number of price sources (such as
exchanges or market makers) that can provide accurate and up-to-date information
about the price and trading activity of a given asset. In addition, Deperp
considers the trading volume and liquidity of the asset to ensure that there is
enough demand and supply to support a healthy and active market.

Where does the asset go when a trade is closed in profit/loss?


Deperp has a system in place for managing the risks and rewards of traders who
use the platform. If a trader closes a position in profit, they will be paid out
from the "vault," which is the main counterparty to the trader and bears the
risk of the trade. The vault is a secure and transparent on-chain repository of
funds that is managed by the Deperp protocol.If a trader closes a position at a
loss, they will be paid out the remaining portion of their collateral from the
contract. The portion of the collateral that represents the loss of the position
will be transferred to the vault. This allows the vault to cover the losses and
ensure that other traders are not negatively affected.In the event that a
position is liquidated (that is, the value of the collateral falls below a
certain threshold), all of the collateral will be transferred to the vault. The
portion of the collateral that represents the loss will remain in the vault to
be used to pay out other traders or to buy and burn tokens. By using this
system, Deperp aims to provide a fair and transparent way for traders to manage
their risks and rewards, while protecting the overall integrity of the platform.

Can i go into debt?


Deperp is designed to prevent traders from going into debt. In other words,
traders on the platform cannot lose more than the collateral they have
deposited. If the value of a trader's position falls to a level where it must be
liquidated (-90%), the trader will lose all of their collateral. However, if the
trader closes the position before it reaches this point, their profit or loss
will be determined by the difference between the initial collateral and the
amount that is returned to them.Deperp also provides tools such as stop losses
and take profits, which allow traders to set limits on the potential profit or
loss of a given position. This can help traders manage their risks and ensure
that they close their positions at a level that is acceptable to them. However,
it's important to note that Deperp is not a risk-free platform, and traders
should not put up more collateral than they can afford to lose. It's always a
good idea to carefully assess the potential risks and rewards of any trade
before entering into it.


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