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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Hello, again, Traders
Kwenta is ecstatic to announce that 19 new markets are joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for trading through Kwenta on Layer 2 Optimism.
The complete list of new perpetual markets includes ALGO, EOS, XLM, ICP, XTZ, RUNE, FXS, BAL, KNC, RNDR, ONE, PERP, ZIL, SUSHI, ZEC, ENJ, 1INCH, CELO, and SEI.
Kwenta is an on-chain composable & decentralized exchange (DEX) for perpetual futures contracts, with up to 50x leverage for makers and takers. Using perpetual contracts, users can trade various crypto and non-crypto-asset derivatives.
Trading for this new market has now been enabled and is live at:
https://dev.kwenta.eth.limo/market/?asset=USDT&accountType=smart_margin
maxLeverage: 25x
liquidationBufferRatio: 150 bp
liquidationPremiumMultiplier: 3
offchainDelayedOrderMinAge: 15 seconds
offchainDelayedOrderMaxAge: 120 seconds
maxFundingVelocity: 36
maxLiquidationDelta: maker+taker offchain fees
maxPD: maxLiquidationDelta * 2
dynamicFeeRounds: 1
maxDynamicFeeRate: 10%
The addition of these new markets expands the number of assets available for leverage trading through Kwenta. Prices will be set by the decentralized off-chain Pyth Network oracle, and fees may vary depending on the asset.
The latest configurable values, including fees, open interest, and more, can be found in SCCP-2041 . These are configurable governance values and can be changed at any time. Refer to pricing and variables displayed in integrator frontends and the SCCP forum for updated information.
The process for adding new perps markets to Synthetix is based on demand, liquidity, and volatility. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion.
Cryptocurrency trading is subject to high market risk. Please make your trades cautiously.
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.
Hello, again, Traders
Kwenta is ecstatic to announce that 19 new markets are joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for trading through Kwenta on Layer 2 Optimism.
The complete list of new perpetual markets includes ALGO, EOS, XLM, ICP, XTZ, RUNE, FXS, BAL, KNC, RNDR, ONE, PERP, ZIL, SUSHI, ZEC, ENJ, 1INCH, CELO, and SEI.
Kwenta is an on-chain composable & decentralized exchange (DEX) for perpetual futures contracts, with up to 50x leverage for makers and takers. Using perpetual contracts, users can trade various crypto and non-crypto-asset derivatives.
Trading for this new market has now been enabled and is live at:
https://dev.kwenta.eth.limo/market/?asset=USDT&accountType=smart_margin
maxLeverage: 25x
liquidationBufferRatio: 150 bp
liquidationPremiumMultiplier: 3
offchainDelayedOrderMinAge: 15 seconds
offchainDelayedOrderMaxAge: 120 seconds
maxFundingVelocity: 36
maxLiquidationDelta: maker+taker offchain fees
maxPD: maxLiquidationDelta * 2
dynamicFeeRounds: 1
maxDynamicFeeRate: 10%
The addition of these new markets expands the number of assets available for leverage trading through Kwenta. Prices will be set by the decentralized off-chain Pyth Network oracle, and fees may vary depending on the asset.
The latest configurable values, including fees, open interest, and more, can be found in SCCP-2041 . These are configurable governance values and can be changed at any time. Refer to pricing and variables displayed in integrator frontends and the SCCP forum for updated information.
The process for adding new perps markets to Synthetix is based on demand, liquidity, and volatility. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion.
Cryptocurrency trading is subject to high market risk. Please make your trades cautiously.
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.
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