Hello Traders,
Kwenta is excited to share the addition of JTO & ORDI futures markets available for leverage trading through Kwenta on Optimism.
Kwenta is an on-chain 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
JTO-PERP
-
Underlying Asset: $JTO
-
Open Interest (OI) Cap: 550,000 JTO
-
Maker/Taker Fees: 2/10 bps
-
Skew Skale: 8,000,000
ORDI-PERP
-
Underlying Asset: $ORDI
-
Open Interest (OI) Cap: 20,000 ORDI
-
Maker/Taker Fees: 2/10 bps
-
Skew Skale: 750,000
Aside from the above, the perps markets will share the following configurations:
-
Expiry: Perpetual
-
Leverage: 25
-
Funding: The Funding Rate applies to open positions on Perpetual Futures contracts.
-
liquidationPremiumMultiplier: 3
-
offchainDelayedOrderMinAge: 15 seconds
-
offchainDelayedOrderMaxAge: 120 seconds
-
maxFundingVelocity: 36
-
offchainPriceDivergence: 10%
-
maxLiquidationDelta: maker+taker offchain fees
-
maxPD: maxLiquidationDelta * 2
-
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!
Join the Kwenta Community
If you haven't already, join the Kwenta community on Discord.
To be the first to learn about new updates to Kwenta, follow us on Twitter.
To trade synthetic assets and futures, visit Kwenta.