Hello Traders,
Kwenta is excited to share the addition of UMA & ZRX futures markets 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 for makers and takers. Trading for these new markets have now been enabled and are live at:
https://kwenta.eth.limo/market/?asset=UMA&accountType=smart_margin
The prices will be set via decentralized push-based Chainlink oracles, as well as pull-based Pyth Oracles, fees can and will vary depending on the asset, and the newest Futures Fees can be found in the order entry panel.
📝Contract Specs
UMA-PERP
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Underlying Asset: $UMA
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Open Interest (OI) Cap: 40,000 UMA
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Maker/Taker Fees: 2/10 bps
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Skew Skale: 3,700,000
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The Funding Rate applies to open positions on Perpetual Futures. A positive rate means longs pay shorts, and a negative rate means shorts pay longs.
ZRX-PERP
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Underlying Asset: $ZRX
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Open Interest (OI) Cap: 2,250,000 ZRX
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Maker/Taker Fees: 2/10 bps
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Skew Skale: 40,000,000
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The Funding Rate applies to open positions on Perpetual Futures. A positive rate means longs pay shorts, and a negative rate means shorts pay longs.
Additional Configurations:
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maxLeverage: 25x
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liquidationBufferRatio: 150 bp
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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: 36
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maxLiquidationDelta: maker+taker offchain fees
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maxPD: maxLiquidationDelta * 2
Listing New Markets
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new Markets to Synthetix. Chainlink and Pyth must support the data feeds necessary for any proposed assets to be considered for inclusion.
Risk warning:
Cryptocurrency trading is subject to high market risk. Please make your trades cautiously.
Join the Kwenta Community
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To trade synthetic assets and futures, visit Kwenta.