Getting Started
What is Denaria
Denaria is the most complete, decentralized and user-friendly derivatives suite in the DeFi space, designed to serve a diverse range of users and meet the needs of various market participants.
Denaria offers two distinct derivative products:
Perpetual DEX: This product is ideal for executing both long-term and short-term trading strategies. With leverage of up to 15x, traders can access the market even with small collateral deposits. Denaria Perpetual DEX is developed with a mobile-first approach, integrating various account abstraction functionalities like the Smart Wallet, making it one of the most user-friendly Perp DEX in the DeFi ecosystem.
Hedging Contracts: This product provides both retail and institutional users the ability to protect themselves from the volatility of various assets, including cryptocurrencies and commodities. The Hedging Swap derivative is among the most widely used instruments in traditional finance, moving trillions of dollars annually. For the first time in DeFi history, Denaria offers this instrument in a decentralized and trustless manner, available 24/7 without intermediaries.
Mission
Denaria seeks to establish itself as a key DeFi protocol, positioning as the go-to platform for retail traders, institutional investors and commodities businesses by offering different derivatives products in an intuitive and accessible environment.
With a strong focus on user experience and security, Denaria aims to raise the bar for industry standards:
User experience: While DeFi has transformed the financial sector, it has often lacked the simplicity and intuitiveness seen in Web 2.0. Denaria addresses this gap by leveraging innovations like account abstraction to enhance user experience. The perpetual DEX, in particular, utilizes these advancements to offer an exceptionally straightforward and accessible trading tool, making it very easy to use.
Security: Security is key for Denaria. Originating from MetalSwap, which has operated securely for over two years, Denaria maintains a strong focus on safeguarding its users. All smart contracts, both current and future, undergo rigorous auditing to ensure their integrity. This commitment allows users to concentrate on their trading and hedging strategies with confidence in the safety of their funds.
History
Denaria emerged from the successful rebranding of MetalSwap, which was initially launched in November 2021 as the pioneering platform to introduce the Hedging Contracts derivative tool in DeFi.
MetalSwap’s testnet went live in January 2022 and by September 2022, the final version of the product was officially deployed on the Ethereum mainnet.
In 2023, MetalSwap achieved notable milestones, including winning a Growth Grant of 30,000 OP tokens from the Optimism Foundation and later securing a place in the esteemed Voyage Campaign by Linea. Over its journey, MetalSwap expanded onto two other blockchains (Linea and Optimism) and facilitated over 8,200 hedging positions.
In September 2024, MetalSwap was rebranded as Denaria to better align with its evolving vision and market expansion, including the introduction of perpetual trading markets. This rebranding marked a significant transformation, incorporating all of MetalSwap’s existing smart contracts and integrating new ones. As a result, Denaria now stands as the premier suite of derivatives in DeFi, offering both a Perpetual DEX and Hedging Contracts.