CVEX Closed Testnet Officially Launched

Crypto Valley Exchange
4 min readMar 14, 2024

Crypto Valley Exchange (CVEX) team is excited to invite you to the first look at our Closed Testnet starting March 14th, 2024. This is a key moment in our journey towards enhancing DeFi Trading, leading up to our Public Testnet on March 21st and the full Mainnet release in the summer of 2024.

We have a simple goal: to offer you a trading platform that combines the best of both worlds — traditional finance’s stability and DeFi’s innovation. The Closed Testnet launch is your opportunity to get a hands-on feel for what we’ve been building on our protocol.

Starting March 14th, Closed Testnet is open for these users:

  1. Zealy winners: 100 and 50 winners of the first and the second Zealy sprints, respectively;
  2. Alpha-tier affiliates: users who invited the most friends on the platform at the time of the snapshot;
  3. Influencers: our ambassadors and other crypto enthusiasts who showed their support to the project;
  4. CVEX’s team: we also want to hit buttons.

Inside the CVEX Closed Testnet

The Closed Testnet is more than just a sneak peek; it’s your playground to explore features that aim to improve your trading experience:

  • Futures Trading. Dive into futures trading with functionalities such as Reduce-Only Orders, Post-Only Orders, and TIF (Time in Force) Orders.
  • Multichain Support. Connect from a broader ecosystem with Ethereum, Arbitrum, Optimism, and Base support, enabling a seamless trading experience across multiple blockchains.
  • Wallet Connect Integration. Connect effortlessly with over 170 wallets (Please notice that wallets are limited by those supporting EIP-712 Standard).
  • Customisable Layout. Tailor the trading interface to suit your preferences, enhancing your trading experience.
  • Advanced Charting. Utilise Trading View charts for Last, Mark, and Index Prices, providing the tools needed for in-depth market analysis.
  • Comprehensive Trading Data. Access Contracts, Orderbook, Trades, Price Line, User’s Operations, and Portfolio Widgets for detailed insights into your trading activities.
  • User’s Account Details. Keep track of your account specifics easily, ensuring you’re always informed about your portfolio risks.
  • Gasless Transactions. Enjoy Meta Transactions, allowing for a smoother and cost-efficient trading experience.

What’s Coming Next

Our path to the Mainnet is filled with exciting feature rollouts planned to make your trading experience even better:

  • Batch Actions. Execute multiple operations simultaneously, saving on gas fees and leveraging VaR Margin for optimal trading efficiency.
  • User Interface Enhancements. Expect a reworked list of markets, account details, and order configuration, making the platform more accessible for newcomers.
  • Relaxed Mode. Benefit from more efficient (cheaper) transaction execution, optimising your trading strategy.
  • Leverage Configuration & Risk Model Rework. Gain access to higher leverage through a refined risk model and leverage settings.
  • Advanced Trading Features. Look forward to Confirmation-less trading (Trusted Mode), Trading Strategies, and more, catering to novice and experienced traders.
  • Comprehensive Analytics. Dive deep into Protocol, Platform, and Portfolio Analytics, providing you with the insights needed to make informed decisions.
  • Affiliate Program Enhancements. Enjoy a robust Affiliate Rewards Distribution Service and Affiliate Dashboard Analytics, among other advanced features.
  • Cross-Chain & Multi-Account Capabilities. Experience seamless CCTP Integration for cross-chain funding and Multi-Account Mode for diversified trading strategies.
  • Market Maker & Trading Automation. Leverage our API/SDK for Market Makers and programmatic trading, enhancing trading efficiency for professionals.
  • Data Integration & Accessibility. Migration to Chainlink Data Streams for decentralised, accurate and timely market data, alongside Localisation and Light Theme options for improved platform accessibility.
  • Mobile App. Stay connected and trade on the go with our upcoming mobile application, ensuring you take advantage of every trading opportunity.

Please notice that future scope is subject to change by insights gained during the Testnet phase.

We Value Your Feedback

Your insights are crucial as we fine-tune CVEX. The Testnet phase is about collaborating with our community to ensure the platform meets your needs and expectations.

We also have a little gift for those with an exclusive NFT for early Testnet access. We’ve prepared a special Discord channel where you can talk to our team, other testers, and famous crypto enthusiasts all over the world. To get there:

  1. visit our Guild;
  2. claim an “Early Testnet Adopter” role;
  3. Join the Discord channel.

Be Part of the Journey

We’re on a mission to improve decentralised trading, and your input is key. Your feedback and support are invaluable as we aim to build a platform that truly resonates with the community’s needs.

So, ready to join? Check out our Testnet here: https://testnet.cv.exchange/

You can also find us here:

Website — https://cv.exchange/

Twitter — https://twitter.com/cv_exchange

Telegram — https://t.me/cv_exchange

Discord — https://discord.gg/DRma7Z9BTz

Keep an eye out for further updates, and get ready to take your trading to the next level with CVEX.

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Crypto Valley Exchange

Decentralized Futures & Options Platform for Crypto and Commodities with up to 1155x leverage. Unique VaR margin. Gas-free trades. Built on Arbitrum