Kwenta

Posted on Jul 04, 2024Read on Mirror.xyz

Kwenta Lists 40 New Markets

Kwenta is thrilled to share that 40 new perps have been added to its list of assets eligible for trading. This expansion is available on Kwenta through Perps V3 on Base, following the approval of SIPs SIP-386 with configurable values set by SCCP-xxx.

*NOTE: V3 currently supports a maximum of 10 open positions per account!

Kwenta operates as a decentralized and composable exchange onchain, offering access perpetual futures contracts on both Optimism and Base. Enabling users to trade a wide range of derivatives.

Trading for these new V3 Markets has now been enabled on:

https://kwenta.io/market/?provider=snx_v3_base&asset=sETH

Fees can and will vary depending on the asset, and the newest fees can be found directly on the UI.

📝 - Contract Specc

YFI - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.49

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.39

  • Skew Scale: 2,125

XRP - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.57

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.33

  • Skew Scale: 400,000,000

XLM - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.4

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.37

  • Skew Scale: 166,500,000

UNI - PERP

  • Max Market Value: $100,000

  • Initial Margin Ratio: 0.77

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.31

  • Skew Scale: 2,250,000

TRX - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.88

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.28

  • Skew Scale: 322,500,000

SUSHI - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.37

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.4

  • Skew Scale: 8,000,000

STRK - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 0.89

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.37

  • Skew Scale: 20,000,000

SHIB - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.2

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.32

  • Skew Scale: 1,875,000,000

SEI - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 5.13

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.39

  • Skew Scale: 35,500,000

RNDR - PERP

  • Max Market Value: $250,000

  • Initial Margin Ratio: 5.09

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.37

  • Skew Scale: 3,750,000

PYTH - PERP

  • Max Market Value: $100,000

  • Initial Margin Ratio: 0.84

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.37

  • Skew Scale: 60,000,000

NEAR - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 3.35

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.36

  • Skew Scale: 9,375,000

MEME - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.32

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.37

  • Skew Scale: 325,000,000

LTC - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 0.005

  • Minimum Initial Margin Ratio: 2%

  • Maintenance Margin Scalar: 0.4

  • Skew Scale: 1,687,500

LDO - PERP

  • Max Market Value: $200,000

  • Initial Margin Ratio: 1.25

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.34

  • Skew Scale: 14,000,000

JUP - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 3.35

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.37

  • Skew Scale: 22,500,000

JTO - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.49

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.38

  • Skew Scale: 4,000,000

IMX - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.95

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.4

  • Skew Scale: 5,600,000

ICP - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.86

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.44

  • Skew Scale: 2,000,000

GRT - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 4.22

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.39

  • Skew Scale: 75,000,000

FXS - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.59

  • Minimum Initial Margin Ratio: 6.66%

  • Maintenance Margin Scalar: 0.34

  • Skew Scale: 1,403,125

FLOW - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 9.28

  • Minimum Initial Margin Ratio: 10%

  • Maintenance Margin Scalar: 0.28

  • Skew Scale: 15,000,000

FIL - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.81

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.26

  • Skew Scale: 6,375,000

ETHBTC - PERP

  • Max Market Value: $2,000,000

  • Initial Margin Ratio: 1.39

  • Minimum Initial Margin Ratio: 2%

  • Maintenance Margin Scalar: 0.26

  • Skew Scale: 1,700,000,000

ETC - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.71

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.33

  • Skew Scale: 2,250,000

EOS - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.47

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.33

  • Skew Scale: 48,000,000

DYDX - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.45

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.34

  • Skew Scale: 18,000,000

DOT - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.09

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.32

  • Skew Scale: 7,500,000

CRV - PERP

  • Max Market Value: $500,000

  • Initial Margin Ratio: 4.56

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.39

  • Skew Scale: 60,000,000

COMP - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.8

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.41

  • Skew Scale: 120,938

BLUR - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.49

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.37

  • Skew Scale: 50,000,000

BCH - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1.6

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.32

  • Skew Scale: 84,375

BAL - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 3.94

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.35

  • Skew Scale: 1,125,000

AXS - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 0.88

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.31

  • Skew Scale: 2,109,375

ATOM - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.49

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.31

  • Skew Scale: 5,625,000

APT - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 1

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.31

  • Skew Scale: 3,037,500

ALGO - PERP

  • Max Market Value: $100,000

  • Initial Margin Ratio: 5.19

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.36

  • Skew Scale: 51,937,500

ADA - PERP

  • Max Market Value: $100,000

  • Initial Margin Ratio: 4.35

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.33

  • Skew Scale: 150,000,000

AAVE - PERP

  • Max Market Value: $100,000

  • Initial Margin Ratio: 3.38

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.38

  • Skew Scale: 180,000

MATIC - PERP

  • Max Market Value: $50,000

  • Initial Margin Ratio: 2.12

  • Minimum Initial Margin Ratio: 5%

  • Maintenance Margin Scalar: 0.35

  • Skew Scale: 10,000,000

Perps markets will share the following configurations:

  • MakerFeeRatio: 2 bp

  • TakerFeeRatio: 10 bp

  • Max Funding Velocity: 36

  • Flag Reward Ratio: 3 bp

  • Minimum Position Margin: 50 snxUSD

  • Locked Oi Ratio: 0.5

  • Max Liquidation Limit Multiplier: 1.5

  • Max Liquidation PD: 5 bp

  • Endorsed Liquidator: "0x11233749514Ab8d00C0A5873DF7428b3db70030f"

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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