Hello, again, Traders

Kwenta is ecstatic to announce that 19 new markets are joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for trading through Kwenta on Layer 2 Optimism.

The complete list of new perpetual markets includes ALGO, EOS, XLM, ICP, XTZ, RUNE, FXS, BAL, KNC, RNDR, ONE, PERP, ZIL, SUSHI, ZEC, ENJ, 1INCH, CELO, and SEI.

Kwenta is an on-chain composable & decentralized exchange (DEX) for perpetual futures contracts, with up to 50x leverage for makers and takers. Using perpetual contracts, users can trade various crypto and non-crypto-asset derivatives.

Trading for this new market has now been enabled and is live at:

https://dev.kwenta.eth.limo/market/?asset=USDT&accountType=smart_margin

📝New Market Specs

Additional Configurations:

• maxLeverage: 25x

• liquidationBufferRatio: 150 bp

• liquidationPremiumMultiplier: 3

• offchainDelayedOrderMinAge: 15 seconds

• offchainDelayedOrderMaxAge: 120 seconds

• maxFundingVelocity: 36

• maxLiquidationDelta: maker+taker offchain fees

• maxPD: maxLiquidationDelta * 2

• dynamicFeeRounds: 1

• maxDynamicFeeRate: 10%

New Perpetual Futures Markets

The addition of these new markets expands the number of assets available for leverage trading through Kwenta. Prices will be set by the decentralized off-chain Pyth Network oracle, and fees may vary depending on the asset.

The latest configurable values, including fees, open interest, and more, can be found in SCCP-2041 . These are configurable governance values and can be changed at any time. Refer to pricing and variables displayed in integrator frontends and the SCCP forum for updated information.

Listing New Markets

The process for adding new perps markets to Synthetix is based on demand, liquidity, and volatility. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Additionally, data feeds from Pyth and Chainlink are 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.

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To trade synthetic assets and futures, visit Kwenta.