  Searches for optical transients are usually performed with a cadence of days
to weeks, optimised for supernova discovery. The optical fast transient sky is
still largely unexplored, with only a few surveys to date having placed
meaningful constraints on the detection of extragalactic transients evolving at
sub-hour timescales. Here, we present the results of deep searches for dim,
minute-timescale extragalactic fast transients using the Dark Energy Camera, a
core facility of our all-wavelength and all-messenger Deeper, Wider, Faster
programme. We used continuous 20s exposures to systematically probe timescales
down to 1.17 minutes at magnitude limits $g > 23$ (AB), detecting hundreds of
transient and variable sources. Nine candidates passed our strict criteria on
duration and non-stellarity, all of which could be classified as flare stars
based on deep multi-band imaging. Searches for fast radio burst and gamma-ray
counterparts during simultaneous multi-facility observations yielded no
counterparts to the optical transients. Also, no long-term variability was
detected with pre-imaging and follow-up observations using the SkyMapper
optical telescope. We place upper limits for minute-timescale fast optical
transient rates for a range of depths and timescales. Finally, we demonstrate
that optical $g$-band light curve behaviour alone cannot discriminate between
confirmed extragalactic fast transients such as prompt GRB flashes and Galactic
stellar flares.
