Deri Protocol Testnet User Guide
A step-by-step guide to demo trading on Deri Protocol Testnet!
To help you get started real quick with our trading campaign on Deri Protocol Testnet, we’ve prepared this detailed guide for you. Check it out!
Step 1: Use Deri Protocol Testnet on Binance Smart Chain Testnet
- Open Deri Protocol on PC
- Connect to BSC-Testnet
3. Click “Connect Wallet” and select “MetaMask”
4. Export ONT ID Wallet’s BSC address: select BSC in your wallet, then export private key
5. Import ONTO’s BSC address into MetaMask
Step 2: Add BSC Testnet to Your Wallet
- Click the network selection button near the top of the app
- Click on “Add Network” if you have not previously added the BSC Testnet
- Enter the BSC Testnet details as follows:
Network Name: BSC Testnet
New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545
ChainID: 97
Symbol: BNB
Block Explorer URL: https://explorer.binance.org/smart-testnet
4. Then press “Save”
Step 3: Obtain Testnet Tokens From Faucet
- Click “Faucet” to claim the test tokens you want to trade
- Click “BNB” and “Give me BNB” to obtain 1 BNB for gas
3. Return to Faucet Page, and mint any testnet tokens you want to trade (take BUSD as an example)
4. Click “Mint” and complete the following confirmation
Step 4: Start trading Perpetual Futures and Everlasting Options on Deri Protocol
- Click “Futures” to trade “Perpetual Futures”
- Click “Deposit” and search for testnet tokens you want to deposit
3. Enter the amount and click “Deposit”- “Confirm”
4. Select the trading testnet tokens and set volume, then click “BUY/LONG”
5. Complete the following confirmation, you can try “Everlasting Options” in the same way
Step 5: Close a Position to Take Profits
- Click on “Close” at any time you want
2. Check your assets change in the “Account Info”, don’t withdraw your deposition until the end of the campaign
How Rewards Are Calculated
The Top 50 winners ranked by P&L Percentage will share out 10,000 DERI. Each winner can get 200 DERI.
A trader’s P&L percentage (%) is calculated in the formula:
P&L Percentage(%) = (Dynamic Effective Balance / Margin)-1
Terms & Conditions:
- ONTO Wallet & Deri Protocol reserve the right to disqualify trades that are deemed to be self-dealing, matched orders, or market manipulation.
- ONTO Wallet & Deri Protocol reserve the right to cancel or amend any Activity or Activity Rules at our sole discretion.
About Deri Protocol
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
Deri Protocol is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
About ONTO Wallet
ONTO is a DID-based gateway for a seamless Web3 experience. The best all-in-one option for securely managing your identities, data, and digital assets, ONTO allows you to manage your crypto assets (including NFTs), perform cross-chain swaps, readily access a variety of dApps, and learn everything important in real time via ONTO news feed.
With ONTO Wallet, users can create an ONT ID, a decentralized digital identity that enables one-click multi-chain wallet address creation and management and fully protects their private data through an encryption algorithm. Users worldwide can download ONTO Wallet now via onto.app or their mobile app store. Desktop users can also install ONTO Web Wallet for web browsers.
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