Kwenta Lists Four New Markets on Base - Kwenta

Kwenta is thrilled to share that SNX, SOL, WIF, and W 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 363, 368 with configurable values set by SCCP-316.

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

Kwenta operates as a decentralized and composable exchange onchain, offering access perpetual futures contracts on both Optimism and Base. Supporting up to 50x leverage on certain pairs & networks, enabling users to trade a wide range of derivatives, including both crypto and non-crypto assets.

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

https://v3.kwenta.io/market/?provider=snx_v3&asset=sETH

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

📝 - Contract Specs

SNX - PERP

Max Market Value: $500,000 USD
Initial Margin Ratio: 2.82
Minimum Initial Margin Ratio: 0.05
Maintenance Margin Scalar: 0.39
Skew Scale: 3,400,000
Taker Fee Ratio: 0.001

SOL - PERP

Max Market Value: $500,000 USD
Initial Margin Ratio: 24.39
Minimum Initial Margin Ratio: 0.02
Maintenance Margin Scalar: 0.33
Skew Scale: 1,406,250
Taker Fee Ratio: 0.0008

WIF - PERP

Max Market Value: $500,000 USD
Initial Margin Ratio: 5.99
Minimum Initial Margin Ratio: 0.04
Maintenance Margin Scalar: 0.40
Skew Scale: 10,000,000
Taker Fee Ratio: 0.001

W - PERP

Max Market Value: $500,000 USD
Initial Margin Ratio: 15.39
Minimum Initial Margin Ratio: 0.05
Maintenance Margin Scalar: .35
Skew Scale: 8,750,000
Taker Fee Ratio: 0.001

Aside from the above, the perps markets will share the following configurations:

MakerFeeRatio: 2 bp
maxFundingVelocity: 36
flagRewardRatio: 3 bp
minimumPositionMargin: 50 USDc
lockedOiRatio: 0.5
maxLiquidationLimitMultiplier: 1.5
maxLiquidationPD: 5 bp
endorsedLiquidator: "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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To trade synthetic assets and futures, visit Kwenta.