Hello again Traders,
Kwenta is ecstatic to announce that $TRX is joining the growing list of supported cryptocurrencies, commodities, and forex pairs 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 25x leverage for makers and takers. Using perpetual contracts, users can trade a variety of crypto and non-crypto-asset derivatives.
Trading for this new market has now been enabled and is live at:
The $TRX price 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 trade panel.
📝Contract Specs
TRX-PERP
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Underlying Asset: $TRX
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Settlement Asset: $sUSD
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Open Interest (OI) Cap: 15,000,000 TRX
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Maker/Taker Fees: 2/10 bps
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Skew Skale: 1,000,000,000
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LiquidationBufferRatio: 125 bps
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Expiry: Perpetual
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Maximum Leverage: 25x
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Liquidation Price: The TRX Chainlink oracle price
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Funding: The Funding Rate applies to open positions on Perpetual Futures contracts. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. The funding rate is calculated in real-time every time a position is opened, modified, or closed and is charged at the exit of a trade.
Listing New Synths
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. The selection process for adding new Synths to Synthetix is driven by demand, liquidity, and volatility. Chainlink, as well as 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. Kwenta will make best efforts to choose high-quality coins, but will not be responsible for your trading losses. Thanks for your support!
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To trade synthetic assets and futures, visit Kwenta.