🏛️ First DAO Exchange Gets Official License

DerivaDEX has launched its testnet on Sepolia, offering users a chance to experience the platform's execution speed and UX before mainnet. **Key Features:** - Combines benefits of centralized and decentralized exchanges - Custom off-chain network enables fast trade execution and reduced costs - Deposits and withdrawals handled on Ethereum - Governed by DAO with full transparency **Getting Started:** - Access at [testnet.derivadex.io](https://bit.ly/3M8A1DN) - Obtain Sepolia ETH from [faucets](https://sepoliafaucet.com/) - Fill out [this form](https://asutherland.aidaform.com/derivadex-sepolia-testnet) for testnet USDC **Testnet Goals:** - Review exchange parameters (leverage limits, collateral limits, slippage) - Evaluate performance metrics (execution speed, uptime, correctness) - Prepare for mainnet governance proposal The testnet runs on the same infrastructure and code planned for mainnet, with only minor changes anticipated. Beta.derivadex.io on Goerli testnet will be deprecated. Report bugs via [Discord](https://discord.gg/a54BWuG) and prepare for mainnet by reviewing the exchange design and ensuring you have governance tokens ready to vote.

DerivaDEX has submitted **Proposal #13** for community voting, which would bring the platform's mainnet to its first users. **Key Details:** - Voting is currently underway at [governance.derivadex.com](http://governance.derivadex.com) - If passed, this marks the transition from testing to live trading - DDX token holders can participate in governance - Traders can join the waitlist at [register.derivadex.com/mainnet](http://register.derivadex.com/mainnet) The proposal represents the second phase of the platform's Guarded Launch, moving the crypto derivatives platform from its testing phase to production.

**DerivaDEX Proposal #13 is now live for community voting**, marking a potential milestone in the platform's evolution. **If approved, the proposal will enable:** - Mainnet access for qualified traders - Trading with real funds in real markets - 24/7 licensed perpetual swaps - Operations under a Class T license from the Bermuda Monetary Authority (BMA) The vote represents a **transition from testing phase to live trading environment**. Qualified traders would gain access to a regulated derivatives platform operating around the clock. [Vote on Proposal #13](https://derivadex.com)

The Bermuda Monetary Authority has issued DerivaDEX a Digital Asset Business License, making it the **world's first licensed DAO-governed derivatives exchange**. Backed by major investors including Polychain, Dragonfly, and Electric Capital, DerivaDEX offers: - **Sub-5ms latency** matching centralized exchange performance - **MEV-resistant encrypted orders** for fair trading - **10-minute withdrawals** - faster than L2 bridges - **Noncustodial** - users maintain control of funds - **DAO governance** for assets, protocol decisions, and product listings This development creates a **regulated path for institutions** to access DeFi derivatives trading. The exchange launches with Bitcoin and Ethereum perpetual contracts. [Register for mainnet access](https://register.derivadex.com/mainnet)