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Crypto DeFi

DeriW Unveils DER Tokenomics With $1M Genesis Pool

DeriW, a zero-gas Layer 3 perpetual DEX built by the CoinW team and using Hyperliquid prices, released the tokenomics for its DER token on Nov. 13, seeding a 1 million USDT Genesis Pool to act as counterparty for all trades. DER can only be minted when users close at a loss or are liquidated, up to 100 DER per 1 USDT while the pool holds under 2 million USDT. Total supply is 10 billion tokens, 70% released via trading mining, with no pre-mine, no VC allocation and no airdrop.

Original source

AI take

The design ties DER issuance directly to trader losses, with the Genesis Pool absorbing the other side of every trade — a structure that makes token supply a function of trading outcomes rather than speculative demand. That matters most for perpetual traders on the venue, since the pool's counterparty role and the loss-linked mint cap shape how the token enters circulation. The absence of pre-mine, VC allocation and airdrop is a notable distribution choice, but the heavy 70% trading-mining share leaves supply growth dependent on sustained activity. Whether the loss-minting mechanism produces the intended incentive alignment once the pool exceeds its threshold is the open question.

Generated by AI for reference only.

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