Instrument Listing
Mainnet Only: The Launchpad will only be available on Solana Mainnet Smart-contract. Also, it is not currently deployed on Deriverse v1 Devnet.
Deriverse's permissionless launchpad will enable anyone to list new trading instruments and benefit from automatic lifecycle progression across all trading venues.
Overview
The Deriverse Launchpad democratizes instrument listing by allowing any participant to list new trading pairs. Instruments begin life in the spot market and automatically upgrade to more sophisticated trading venues as they demonstrate sufficient liquidity and volume.
Key Features
Permissionless Listing
No Gatekeepers: Anyone can list new instruments
Minimal Requirements: Just specify three parameters
Unlimited Capacity: No cap on total number of instruments
Instant Availability: Start trading immediately after listing
Automatic Progression
Metric-Based Upgrades: Volume and liquidity trigger upgrades
Seamless Migration: Smooth transition between venues
Expanded Functionality: More trading options as instruments mature
Community-Driven: Participants trigger upgrades when thresholds met
Unified Experience
Single Account: Same account works across all venue types
Consistent Interface: Familiar experience as instruments evolve
Preserved History: Trading data carries forward through upgrades
Cross-Venue Arbitrage: Opportunities across different instrument stages
Instrument Listing Process
Listing Requirements
To list a new instrument, you need only three parameters:
Asset Token: The primary token being traded
Base Currency Token: The pricing denomination (currently
USDConly)Initial Listing Price: Starting price reference
Supported Base Currency
Current Support:
USDC: Circle
USDStablecoin
Future Expansion:
Additional base currencies may be added through governance
Multi-denomination support under consideration
Community can propose new base currencies
Listing Process
1. Choose Asset → 2. Set Initial Price → 3. Submit Transaction → 4. Start TradingStep-by-Step:
Select Token: Choose the asset token you want to list
Price Setting: Determine fair initial listing price
Transaction Submission: Submit listing transaction with parameters
Market Creation: Spot market immediately becomes available
Initial Trading: Begin trading in spot venue
Cost Considerations
Listing Costs:
Transaction Fee: Standard Solana transaction cost
Account Rent: Minimal rent for market account creation
No Listing Fee: No additional charges beyond network costs
Instrument Lifecycle
Stage 1: Spot Market
Initial Venue: All instruments begin in the spot trading venue with:
Combined AMM-orderbook functionality
Direct wallet trading support
Real-time price discovery
Immediate liquidity provision
Key Metrics Tracked:
Trading Volume: Total USDC volume traded
Liquidity Depth: Orderbook and AMM pool depth
Price Stability: Volatility and price consistency
Participant Count: Number of unique traders
Stage 2: Perpetual Futures
Upgrade Trigger: When spot market metrics exceed predefined thresholds:
Volume Threshold: Minimum daily/weekly trading volume
Liquidity Threshold: Sufficient orderbook depth
Community Trigger: Any participant can initiate upgrade
Automatic Qualification: System automatically detects eligibility
New Capabilities:
Leveraged trading up to 10x
Isolated margin positions
Funding rate mechanisms
Professional trading tools
Stage 3: Traditional Derivatives
Final Upgrade: Mature instruments with substantial activity qualify for:
Fixed maturity futures contracts
Options with multiple strikes
Dynamic trading ranges
Cross-margining capabilities
Advanced Features:
Multiple expiry schedules
Sophisticated risk management
Institutional-grade tools
Complex strategy support
Upgrade Mechanics
Threshold Monitoring
Automated Tracking: The protocol continuously monitors all instruments for upgrade eligibility:
Real-time Metrics: Volume, liquidity, activity tracking
Threshold Comparison: Automatic qualification detection
Notification System: Alerts when upgrades become available
Community Dashboard: Public visibility of upgrade status
Upgrade Initiation
Permissionless Process: Any participant can trigger qualifying upgrades:
Eligibility Check: System verifies threshold satisfaction
Upgrade Transaction: Submit upgrade instruction
Market Creation: New venue markets automatically created
Seamless Transition: Existing liquidity preserved where possible
Migration Process
Smooth Transition:
Parallel Operation: Old and new venues run simultaneously initially
Liquidity Migration: Natural arbitrage moves liquidity
User Choice: Traders decide when to use new venues
History Preservation: All trading data retained
Benefits for Participants
For Token Projects
Listing Advantages:
Immediate Market Access: Start trading right away
No Approval Process: Permissionless listing mechanism
Progressive Feature Unlock: More capabilities as volume grows
Community-Driven Growth: Organic market development
Growth Pathway:
Spot Foundation: Build initial trading community
Leverage Appeal: Attract more sophisticated traders
Derivatives Maturity: Full institutional trading capabilities
For Traders
Trading Opportunities:
Early Access: Trade new tokens immediately after listing
Venue Choice: Select appropriate trading venue for strategy
Progressive Complexity: Simple start, advanced capabilities later
Arbitrage Opportunities: Exploit differences between venues
For Liquidity Providers
Revenue Opportunities:
Maker Rebates: Earn from providing liquidity
AMM Fees: Share in automated market making profits
Early Positioning: Get involved in promising tokens early
Cross-Venue Strategies: Optimize across multiple venues
Best Practices
For Listing New Instruments
Price Setting:
Research fair market value from other venues
Consider token fundamentals and circulating supply
Set realistic initial price to encourage adoption
Monitor price discovery in first trading sessions
Community Building:
Engage with potential traders before and after listing
Provide liquidity to bootstrap trading activity
Share listing announcement across relevant channels
Support market development through active participation
For Upgrade Preparation
Volume Building:
Encourage active trading through community engagement
Provide consistent liquidity to maintain depth
Organize trading campaigns or competitions
Partner with market makers for professional support
Monitoring Progress:
Track key metrics against upgrade thresholds
Communicate progress to community
Plan for upgrade timing and announcement
Prepare for increased complexity of new venues
Technical Implementation
Smart Contract Architecture
Modular Design:
Independent contracts for each venue type
Shared account and pricing infrastructure
Automatic upgrade detection logic
Permissionless operation throughout
Integration Benefits
For Developers:
Standard interfaces across all venue types
Consistent data formats and APIs
Real-time market data feeds
Event-driven architecture for monitoring
For Market Infrastructure:
Professional trading tool compatibility
Market data aggregation capabilities
Risk management system integration
Compliance and reporting support
Governance Considerations
Development Status: DRVS governance features are not yet available. DRVS token is not deployed on Solana Mainnet.
Parameter Adjustment
Threshold Management: DRVS token holders can adjust upgrade thresholds:
Volume requirements for venue upgrades
Liquidity depth minimums
Time-based qualifications
Community activation requirements
Future Enhancements
Potential Additions:
Additional base currency support
New venue types beyond current offerings
Enhanced qualification metrics
Governance-controlled listing parameters
Last updated