# 8 Fresh Listings

**Published by:** [Synthetix Exchange](https://paragraph.com/@kwenta/)
**Published on:** 2023-07-28
**URL:** https://paragraph.com/@kwenta/8-fresh-listings

## Content

Kwenta, in partnership with our oracle providers at Pyth and Chainlink, is once again pushing the limits of on-chain derivatives. With today’s release of 8 new markets, Kwenta now includes 50 ways to go long or short on majors, altcoins, memecoins, metals, forex, and more. At the end of this blog, you can find full details and new market parameters for the assets listed today.Trading for ETH/BTC (ratio), XMR, MAV, ETC , COMP, YFI, MKR, and RPL is now live!The ETH/BTC Ratio PerpOne standout in our rapidly expanding list of assets is an oracle-powered, synthetic perpetual, allowing traders to gain exposure to the ETH/BTC ratio. How does this work, and what do you need to know as a trader? Let’s find outsUSD Collateral and SettlementThe ETH/BTC ratio perp is traded using sUSD like other markets on Kwenta. As opposed to quanto futures, this means traders maintain exposure only to the relative value of ETH/BTC, and not to the asset prices or the broader market. There is no BTC required to trade.Deriving a Perp PriceAn ETH/BTC ratio of 0.10000 would correlate with a $0.10000 sUSD unit price for perps. This could correlate with prices of $2,000/$20,000, respectively, or prices of $4,000/$40,000 in sUSD, with the exact same ratio. Even as the crypto markets rise and fall, the ratio will only change if these prices change at different rates.Calculating PnLUnderstanding how a perp price is derived from the ETH/BTC ratio makes calculating PnL easy. The ETH/BTC example was assumed to be 0.10000 in the previous example. If the ratio then rises to 0.11000, this would equate to an increase of 10%. To find your PnL, simply multiply the relative change with your leverage, accounting for fees.What else is new?While ETH/BTC may be one of the most unique new assets at Kwenta, more DeFi bluechips and OG cryptocurrencies are making their way to Kwenta. Express your thesis on privacy coins and ETH killers, put on hedges, or find arbitrage opportunities on any of our growing list of assets. With 50 assets and counting, ongoing $OP rewards, and our convenient Smart Margin management system, the time has never been better to start trading on an on-chain, decentralized derivatives exchange. https://kwenta.eth.limo/market/?accountType=cross_margin&asset=sETH📝Contract SpecsETH/BTC-PERP (ratio)Underlying Asset: ETH/BTCOpen Interest (OI) Cap: 50,000,000Maker/Taker Fees: 1/5 bpsSkew Skale: 1,700,000,000LiquidationBufferRatio: 75 bpsETC-PERPUnderlying Asset: ETCOpen Interest (OI) Cap: 55,000Maker/Taker Fees: 2/8 bpsSkew Skale: 4,000,000LiquidationBufferRatio: 100 bpsCOMP-PERPUnderlying Asset: COMPOpen Interest (OI) Cap: 15,000Maker/Taker Fees: 2/10 bpsSkew Skale: 860,000LiquidationBufferRatio: 150 bpsMKR-PERPUnderlying Asset: MKROpen Interest (OI) Cap: 750Maker/Taker Fees: 2/10 bpsSkew Skale: 60,000LiquidationBufferRatio: 150 bpsXMR-PERPUnderlying Asset: XMROpen Interest (OI) Cap: 5,000Maker/Taker Fees: 2/10 bpsSkew Skale: 255,000LiquidationBufferRatio: 150 bpsYFI-PERPUnderlying Asset: YFIOpen Interest (OI) Cap: 75Maker/Taker Fees: 2/10 bpsSkew Skale: 2,500LiquidationBufferRatio: 150 bpsMAV-PERPUnderlying Asset: MAVOpen Interest (OI) Cap: 500,000Maker/Taker Fees: 2/10 bpsSkew Skale: 21,000,000LiquidationBufferRatio: 150 bpsRPL-PERPUnderlying Asset: RPLOpen Interest (OI) Cap: 3000Maker/Taker Fees: 2/15 bpsSkew Skale: 17,500LiquidationBufferRatio: 120 bpsPerps markets will share the following configurations:offchainDelayedOrderMinAge: 2 secondsoffchainDelayedOrderMaxAge: 60 secondsmaxFundingVelocity: 27maxLeverage: 27.5offchainPriceDivergence: 2.5%maxLiquidationDelta: maker+taker offchain feesmaxPD: maxLiquidationDelta * 2dynamicFeeRounds: 1maxDynamicFeeRate: 10%Liquidation Price: The Chainlink oracle pricesThe Funding Rate applies to open positions on Perpetual Futures. A positive rate means longs pay shorts, and a negative rate means shorts pay longs.Parameters for these new markets may be adjusted as necessary through the Synthetix governance process. Our goal is to optimize these markets and provide the best trading experience possible.Risk warning:Cryptocurrency trading is subject to high market risk. Please make your trades cautiously.Join the Kwenta CommunityIf 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.

## Publication Information

- [Synthetix Exchange](https://paragraph.com/@kwenta/): Publication homepage
- [All Posts](https://paragraph.com/@kwenta/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@kwenta): Subscribe to updates
- [Twitter](https://twitter.com/kwenta_io): Follow on Twitter