Dear Traders,
Kwenta is ecstatic to announce that TRB, TIA, IMX, MEME, FET, GRT, PYTH ANK & BONK are joining the growing list of supported cryptocurrencies and forex pairs available for leverage trading through Kwenta on Layer 2 Optimism.
Kwenta is an on-chain composable & decentralized exchange (DEX) for perpetual futures contracts, with up to 50x leverage on selected pairs. Using perpetual contracts, users can trade various crypto and non-crypto-asset derivatives.
Trading for these new Futures Markets has now been enabled and is live on:
Fees can and will vary depending on the asset, and the newest fees can be found directly on the UI.
📝 - Contract Specs
TRB - PERP
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Max Market Value: 23,000 TRB
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Skew Skale: 200,000
TIA - PERP
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Max Market Value: 270,000 TIA
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Skew Skale: 3,000,000
IMX - PERP
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Max Market Value: 500,000
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Skew Skale: 8,000,000
MEME - PERP
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Max Market Value: 25,000,000
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Skew Skale: 650,000,000
FET - PERP
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Max Market Value: 900,000
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Skew Skale: 17,000,000
GRT - PERP
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Max Market Value: 3,300,000
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Skew Skale: 75,000,000
PYTH - PERP
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Max Market Value: 955,000
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Skew Skale: 16,500,000
ANK - PERP
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Max Market Value:12,000,000
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Skew Skale: 250,000,000
BONK- PERP
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Max Market Value: 61,000,000,000
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Skew Skale: 760,000,000,000
Aside from the above, the perps markets will share the following configurations:
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Expiry: Perpetual
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maker/taker offchain fees are 2 bp and 10 bp respectfully
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Leverage: 25
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Funding: The Funding Rate applies to open positions on Perpetual Futures contracts.
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liquidationPremiumMultiplier: 3
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offchainDelayedOrderMinAge: 15 seconds
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offchainDelayedOrderMaxAge: 120 seconds
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maxFundingVelocity: 9
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offchainPriceDivergence: 2%
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maxLiquidationDelta: maker+taker offchain fees
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maxPD: maxLiquidationDelta * 2
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LiquidationBufferRatio: 150 bps
Risk warning:
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new markets. Trading is subject to high market risk. Please make your trades cautiously. We make best efforts to choose high-quality coins but will not be responsible for trading losses. Thanks for your support!
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To trade synthetic assets and futures, visit Kwenta.