PRIVATE_KEY (your account owner wallet) in your environment before running
the snippets below. The examples use a public Sepolia RPC endpoint, so no RPC
setup is needed.
1
Get Sepolia ETH for gas
Your wallet pays gas for the on-chain deposit. Grab testnet ETH from the
Google Cloud Sepolia faucet.
2
Mint testnet USDC
Open testnet.app.derive.xyz/developers,
connect your wallet, and click Mint to receive testnet USDC — the collateral
you’ll deposit in the next step.
3
Choose a manager and risk universe
Every subaccount lives under a manager in a risk universe — together they
set the margin model and which markets you can trade. Risk universe 1 is the
prime universe, where ETH-PERP trades. See
Managers & risk universes for the full model.
4
Deposit to create your account
Your first deposit creates your Derive account and its first subaccount under the
manager you chose — there is no separate “create account” call. Your wallet
submits the on-chain deposit.
5
Place an ETH-PERP order
Open the WebSocket, log in, and place a limit order.
place() encodes the trade
action, EIP-712-signs it locally with your key, and submits private/order — the
exchange only ever settles what you signed.Next steps
Authentication
Session login, JWT, and the wallet-vs-session-key auth paths.
Action signing
The full EIP-712
Action envelope, per-module data layouts, and nonces.Session keys
Delegate a signing key so you never hot-wire your wallet into a bot.
Contracts
On-chain contract addresses per deployment (action manager, vApp, outbox,
spot vault).
