
The 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...

Kwenta 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...

Kwenta 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/

The 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...

Kwenta 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...

Kwenta 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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The highly anticipated launch of Synthetix V3 on Arbitrum is here, bringing a flexible, performant onchain perpetuals trading experience to the Arbitrum network. This latest release combines the cutting-edge features of Synthetix V3 with Kwenta’s easy-to-use interface, offering traders powerful new tools, low fees, and exciting incentive opportunities.
Arbitrum gained popularity with derivatives users and DeFi enthusiasts as Ethereum's hub for the most cutting-edge projects. With a rich ecosystem of spot trading, perpetuals, options, volatility products supported by a blazing fast, secure rollup infrastructure, Arbitrum offers a welcoming environment for a fully onchain, composable perps exchange.
The Arbitrum launch of Synthetix V3 introduces several major upgrades that aim to streamline and enhance the trading experience for users. Whether you're a novice trader or a seasoned DeFi expert, Kwenta’s intuitive platform makes it easy to access the full potential of these new features:
Onchain Cross-Margin: Traders can use their entire portfolio as collateral across multiple positions, boosting efficiency and enhancing risk management. This means you no longer need to isolate collateral for each individual trade—unlocking more flexible and dynamic trading strategies.
Multicollateral Support: The multicollateral system enables traders to deposit and use a variety of assets as collateral. At launch, supported assets include ETH, Threshold wrapped Bitcoin (tBTC), and USDe. This offers traders more opportunities to customize their margin portfolios and build unique payoffs without sacrificing exposure to their favorite assets. Additional collateral types will be introduced soon, expanding flexibility even further.
Delegated Trading: Delegated wallets are now available on Arbitrum. Securely allow any address to trade on your behalf while maintaining control over margin withdrawals.
Bridge and Swap: With Kwenta’s bridge and swap functionality powered by Socket, traders can start their journey on Arbitrum by using any supported ERC-20 token from nearly any EVM chain. Take advantage of bridge and swap in margin management modal, or on Kwenta Swaps.
The new multicollateral system from Synthetix represents the most significant change in Kwenta’s onchain perps offerings, and strikes a balance between decentralization, flexibility, and reliability. To understand the advantages of multicollateral, we can start with a tl;dr of what the system enables, and the unique benefits of each collateral type.
Tl;dr: Multicollateral allows traders to deposit assets such as ETH and tBTC. Traders can leverage the USD value of these asset types without losing exposure, and settle trades in the USDx stablecoin.
USDx: USDx is the system’s native stablecoin, and all orders on Kwenta are settled in USDx, regardless of which collateral the trader uses. USDx is backed by Synthetix v3 collateral on Arbitrum, and USDe liquidity is used to provide additional liquidity and a reliable peg.
To learn more about USDx:
USDe: Ethena's synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDe is fully-backed and free to compose throughout CeFi & DeFi.
To learn more about USDe: https://ethena-labs.gitbook.io/ethena-labs
tBTC: tBTC is a wrapped version of Bitcoin tradable on EVM chains. While the purpose of tBTC on Ethereum is similar to other wrapped assets and stablecoins, Threshold decentralizes the management and custody of the underlying BTC. An oracle is used to track the value of your tBTC deposit when opening trades and calculating maintenance margin.
To learn more about tBTC: https://blog.threshold.network/bridging-the-gap-the-basics-of-tbtc/
ETH/wETH: wETH is the wrapped erc20 version of ETH, and all ETH margin deposits are wrapped to allow them to function as collateral. ETH is, of course, the native asset of the Ethereum network and is liquid and well supported across EVM chains. An oracle is used to track the value of your ETH deposits when opening trades and calculating maintenance margin.
Kwenta’s Gasless 1 Click Trading eliminates the hassle of managing gas fees and confirmations. With the help of our partners at Alchemy, this feature allows seamless market orders without extra transactions or wallet popups—just focus on trading!
How it Works:
Activate "Use 1 Click Trading" on the trade preview screen.
If not already active, sign a quick setup transaction, then select your session length.
Once live, execute market orders gas-free—no signatures, no delays.
For your security, signatures are still required for advanced orders (e.g., stop-loss or limit), and an onchain transaction is required for withdrawals. We still recommend all users maintain an ETH balance to ensure uninterrupted service.
Kwenta and Synthetix V3 are just getting started on Arbitrum. In the coming months, users can expect even more features and improvements.
The much-anticipated orderbook will operate alongside the existing AMM model, providing traders with more control over their orders, better price discovery, and reduced slippage.
As Synthetix expands its multicollateral system, more assets like stablecoins, governance tokens, and other ERC-20s can be added as margin options. Stay tuned for these updates as Kwenta continues to evolve its platform with even more tools to empower traders.
To celebrate the launch of Synthetix V3 on Arbitrum, traders can earn Kwenta points on even lower fees.
As you engage with our cutting-edge on-chain trading features, you'll accumulate Kwenta points based on your trading activity. These points unlock a variety of future perks and incentives within the Kwenta ecosystem. For a detailed breakdown of how the Kwenta points system works, be sure to check out our Points Program Guide.
To make your trading experience even more rewarding, we’re offering a limited-time fee reduction! For the first two weeks following the launch, enjoy trading fees slashed to 5 basis points (bp) or less across all markets. This is a unique opportunity to explore the diverse range of markets on Kwenta at ultra-low fees.
Don’t miss out on this chance to maximize your trading potential before fees return to their regular (still competitive) rates! Happy trading!
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 perps, visit Kwenta.
The highly anticipated launch of Synthetix V3 on Arbitrum is here, bringing a flexible, performant onchain perpetuals trading experience to the Arbitrum network. This latest release combines the cutting-edge features of Synthetix V3 with Kwenta’s easy-to-use interface, offering traders powerful new tools, low fees, and exciting incentive opportunities.
Arbitrum gained popularity with derivatives users and DeFi enthusiasts as Ethereum's hub for the most cutting-edge projects. With a rich ecosystem of spot trading, perpetuals, options, volatility products supported by a blazing fast, secure rollup infrastructure, Arbitrum offers a welcoming environment for a fully onchain, composable perps exchange.
The Arbitrum launch of Synthetix V3 introduces several major upgrades that aim to streamline and enhance the trading experience for users. Whether you're a novice trader or a seasoned DeFi expert, Kwenta’s intuitive platform makes it easy to access the full potential of these new features:
Onchain Cross-Margin: Traders can use their entire portfolio as collateral across multiple positions, boosting efficiency and enhancing risk management. This means you no longer need to isolate collateral for each individual trade—unlocking more flexible and dynamic trading strategies.
Multicollateral Support: The multicollateral system enables traders to deposit and use a variety of assets as collateral. At launch, supported assets include ETH, Threshold wrapped Bitcoin (tBTC), and USDe. This offers traders more opportunities to customize their margin portfolios and build unique payoffs without sacrificing exposure to their favorite assets. Additional collateral types will be introduced soon, expanding flexibility even further.
Delegated Trading: Delegated wallets are now available on Arbitrum. Securely allow any address to trade on your behalf while maintaining control over margin withdrawals.
Bridge and Swap: With Kwenta’s bridge and swap functionality powered by Socket, traders can start their journey on Arbitrum by using any supported ERC-20 token from nearly any EVM chain. Take advantage of bridge and swap in margin management modal, or on Kwenta Swaps.
The new multicollateral system from Synthetix represents the most significant change in Kwenta’s onchain perps offerings, and strikes a balance between decentralization, flexibility, and reliability. To understand the advantages of multicollateral, we can start with a tl;dr of what the system enables, and the unique benefits of each collateral type.
Tl;dr: Multicollateral allows traders to deposit assets such as ETH and tBTC. Traders can leverage the USD value of these asset types without losing exposure, and settle trades in the USDx stablecoin.
USDx: USDx is the system’s native stablecoin, and all orders on Kwenta are settled in USDx, regardless of which collateral the trader uses. USDx is backed by Synthetix v3 collateral on Arbitrum, and USDe liquidity is used to provide additional liquidity and a reliable peg.
To learn more about USDx:
USDe: Ethena's synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDe is fully-backed and free to compose throughout CeFi & DeFi.
To learn more about USDe: https://ethena-labs.gitbook.io/ethena-labs
tBTC: tBTC is a wrapped version of Bitcoin tradable on EVM chains. While the purpose of tBTC on Ethereum is similar to other wrapped assets and stablecoins, Threshold decentralizes the management and custody of the underlying BTC. An oracle is used to track the value of your tBTC deposit when opening trades and calculating maintenance margin.
To learn more about tBTC: https://blog.threshold.network/bridging-the-gap-the-basics-of-tbtc/
ETH/wETH: wETH is the wrapped erc20 version of ETH, and all ETH margin deposits are wrapped to allow them to function as collateral. ETH is, of course, the native asset of the Ethereum network and is liquid and well supported across EVM chains. An oracle is used to track the value of your ETH deposits when opening trades and calculating maintenance margin.
Kwenta’s Gasless 1 Click Trading eliminates the hassle of managing gas fees and confirmations. With the help of our partners at Alchemy, this feature allows seamless market orders without extra transactions or wallet popups—just focus on trading!
How it Works:
Activate "Use 1 Click Trading" on the trade preview screen.
If not already active, sign a quick setup transaction, then select your session length.
Once live, execute market orders gas-free—no signatures, no delays.
For your security, signatures are still required for advanced orders (e.g., stop-loss or limit), and an onchain transaction is required for withdrawals. We still recommend all users maintain an ETH balance to ensure uninterrupted service.
Kwenta and Synthetix V3 are just getting started on Arbitrum. In the coming months, users can expect even more features and improvements.
The much-anticipated orderbook will operate alongside the existing AMM model, providing traders with more control over their orders, better price discovery, and reduced slippage.
As Synthetix expands its multicollateral system, more assets like stablecoins, governance tokens, and other ERC-20s can be added as margin options. Stay tuned for these updates as Kwenta continues to evolve its platform with even more tools to empower traders.
To celebrate the launch of Synthetix V3 on Arbitrum, traders can earn Kwenta points on even lower fees.
As you engage with our cutting-edge on-chain trading features, you'll accumulate Kwenta points based on your trading activity. These points unlock a variety of future perks and incentives within the Kwenta ecosystem. For a detailed breakdown of how the Kwenta points system works, be sure to check out our Points Program Guide.
To make your trading experience even more rewarding, we’re offering a limited-time fee reduction! For the first two weeks following the launch, enjoy trading fees slashed to 5 basis points (bp) or less across all markets. This is a unique opportunity to explore the diverse range of markets on Kwenta at ultra-low fees.
Don’t miss out on this chance to maximize your trading potential before fees return to their regular (still competitive) rates! Happy trading!
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 perps, visit Kwenta.
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