Synthetix ExchangeThe Kwenta Token Migration
The swap interface for migrating your KWENTA tokens to SNX is now live. This migration unlocks opportunities to participate in the Synthetix system and DAO, where your SNX tokens can be staked and used to help govern the protocol. Follow the simple steps below to ensure a smooth transition and start vesting your tokens today. For more details about the unification with Synthetix, check out this blog.Key Details About Token VestingTokens began vesting on November 12th, even if you haven’t depo...
Synthetix ExchangeKwenta x Synthetix: Next Steps
Following the unification announcement, we’re now entering the next phase of the transition. This stage focuses on streamlining token migration, refining incentives, and ensuring traders experience a smooth shift as Kwenta evolves into Synthetix Exchange.Social Media UpdatesKwenta’s community spaces are evolving to support this transition while ensuring traders and community members continue to have access to resources and support.Discord ChangesWhile most channels will be archived, key chann...
Synthetix ExchangeKwenta x Synthetix: A Unified Future
Today marks a monumental step forward for both Kwenta and Synthetix. Following the approval of KIP-138 by the Kwenta community and SIP-411 by the Synthetix community, the two projects will now reunite under a single mission: to build the most powerful decentralized derivatives platform in DeFi.Why Was This Decision Made?This unification brings Kwenta full circle. Originally launched in 2021 as an independent protocol through SIP-179, Kwenta was designed to be a dedicated front end for Synthet...
Kwenta has been acquired by Synthetix. Please follow along at https://blog.synthetix.io/ Trading is live at https://exchange.synthetix.io/
Synthetix ExchangeThe Kwenta Token Migration
The swap interface for migrating your KWENTA tokens to SNX is now live. This migration unlocks opportunities to participate in the Synthetix system and DAO, where your SNX tokens can be staked and used to help govern the protocol. Follow the simple steps below to ensure a smooth transition and start vesting your tokens today. For more details about the unification with Synthetix, check out this blog.Key Details About Token VestingTokens began vesting on November 12th, even if you haven’t depo...
Synthetix ExchangeKwenta x Synthetix: Next Steps
Following the unification announcement, we’re now entering the next phase of the transition. This stage focuses on streamlining token migration, refining incentives, and ensuring traders experience a smooth shift as Kwenta evolves into Synthetix Exchange.Social Media UpdatesKwenta’s community spaces are evolving to support this transition while ensuring traders and community members continue to have access to resources and support.Discord ChangesWhile most channels will be archived, key chann...
Synthetix ExchangeKwenta x Synthetix: A Unified Future
Today marks a monumental step forward for both Kwenta and Synthetix. Following the approval of KIP-138 by the Kwenta community and SIP-411 by the Synthetix community, the two projects will now reunite under a single mission: to build the most powerful decentralized derivatives platform in DeFi.Why Was This Decision Made?This unification brings Kwenta full circle. Originally launched in 2021 as an independent protocol through SIP-179, Kwenta was designed to be a dedicated front end for Synthet...
Kwenta has been acquired by Synthetix. Please follow along at https://blog.synthetix.io/ Trading is live at https://exchange.synthetix.io/
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Kwenta, in partnership with the Synthetix Treasury, is excited to announce the launch of an SNX incentive program for perps trading on Base. With up to 500,000 $SNX tokens allocated for fee rebates and Kwenta’s brand new crosschain experience, now is the time to start trading on Kwenta.
Allocation: The Synthetix Treasury will allocate up to 500,000 SNX for fee rebates on perps markets on Base.
Rebate Details: Traders can receive a rebate of 90% of fees paid, up to the 50k SNX weekly cap, on a first-come-first-serve basis.
Program Duration: The incentive program will begin on May 22nd, with the first rewards epoch running from May 22nd, 8 PM UTC. New epochs will begin every Wednesday at 8:00 PM UTC for a total of 10 weeks, concluding on July 31st, 2024.
Reward Distribution: $SNX rewards will be available in your wallet within 24-48 hours after the end of each epoch. There’s no need to claim!
Kwenta’s new Perps v3 is live exclusively on Base, one of the fastest growing chains in the Optimism Superchain network. For more information about the Perps v3 system on Base, see our breakdown of the benefits in this blog detailing the Beta launch.
Rewards: Of course, the rebates! Traders on Kwenta can use Base and receive up to 90% back in $SNX rebates. Additional rewards announcements are coming soon.
Low Fees: Even without rebates, fees on Base are even lower than Kwenta’s Perps v2 on Optimism. Enjoy fees as low as 0bp on trades which balance the skew. You heard that right: absolutely no fee on some orders.
Native Cross Margin: With v3, you can share your margin across your entire portfolio, allowing traders on Base to more efficiently manage up to 10 simultaneous positions.
USDC Support: One of our most requested features is support for USDC, a backed, redeemable stablecoin popular in DeFi. With USDC support, traders never have to worry about peg variance or liquidity when trading on Kwenta.
Create an Account: To start trading, visit any of our v3 perps markets, like this one, and create a Kwenta account.
Deposit Margin: If you don’t already have USDC on Base, Kwenta makes it easy! Simply select “Bridge & Swap” right in the Kwenta app when making a deposit. With the “Bridge & Swap” tool, you can deposit nearly any asset from any chain.
Track Rewards: Monitor your weekly SNX distributions and total fees paid directly from the Kwenta UI, or follow your progress on the Synthetix rebates leaderboard.
Ready to get started? Awesome! Start earning rewards now at https://kwenta.io/ and be sure to use Base. There’s a link to our Discord below, or @ us on Twitter if you have any questions. Happy earning!
Kwenta is a decentralized derivatives exchange owned and operated by the community. You’re invited to get involved.
Join us on Discord.
Follow us on Twitter.
Trade on Kwenta.
Kwenta, in partnership with the Synthetix Treasury, is excited to announce the launch of an SNX incentive program for perps trading on Base. With up to 500,000 $SNX tokens allocated for fee rebates and Kwenta’s brand new crosschain experience, now is the time to start trading on Kwenta.
Allocation: The Synthetix Treasury will allocate up to 500,000 SNX for fee rebates on perps markets on Base.
Rebate Details: Traders can receive a rebate of 90% of fees paid, up to the 50k SNX weekly cap, on a first-come-first-serve basis.
Program Duration: The incentive program will begin on May 22nd, with the first rewards epoch running from May 22nd, 8 PM UTC. New epochs will begin every Wednesday at 8:00 PM UTC for a total of 10 weeks, concluding on July 31st, 2024.
Reward Distribution: $SNX rewards will be available in your wallet within 24-48 hours after the end of each epoch. There’s no need to claim!
Kwenta’s new Perps v3 is live exclusively on Base, one of the fastest growing chains in the Optimism Superchain network. For more information about the Perps v3 system on Base, see our breakdown of the benefits in this blog detailing the Beta launch.
Rewards: Of course, the rebates! Traders on Kwenta can use Base and receive up to 90% back in $SNX rebates. Additional rewards announcements are coming soon.
Low Fees: Even without rebates, fees on Base are even lower than Kwenta’s Perps v2 on Optimism. Enjoy fees as low as 0bp on trades which balance the skew. You heard that right: absolutely no fee on some orders.
Native Cross Margin: With v3, you can share your margin across your entire portfolio, allowing traders on Base to more efficiently manage up to 10 simultaneous positions.
USDC Support: One of our most requested features is support for USDC, a backed, redeemable stablecoin popular in DeFi. With USDC support, traders never have to worry about peg variance or liquidity when trading on Kwenta.
Create an Account: To start trading, visit any of our v3 perps markets, like this one, and create a Kwenta account.
Deposit Margin: If you don’t already have USDC on Base, Kwenta makes it easy! Simply select “Bridge & Swap” right in the Kwenta app when making a deposit. With the “Bridge & Swap” tool, you can deposit nearly any asset from any chain.
Track Rewards: Monitor your weekly SNX distributions and total fees paid directly from the Kwenta UI, or follow your progress on the Synthetix rebates leaderboard.
Ready to get started? Awesome! Start earning rewards now at https://kwenta.io/ and be sure to use Base. There’s a link to our Discord below, or @ us on Twitter if you have any questions. Happy earning!
Kwenta is a decentralized derivatives exchange owned and operated by the community. You’re invited to get involved.
Join us on Discord.
Follow us on Twitter.
Trade on Kwenta.
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