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...
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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 is thrilled to share that ENA has been added to the list of assets eligible for trading. This expansion is available on Kwenta through Perps V3 on Base, following the approval of SIP 376 with configurable values set by SCCP-316.
NOTE: V3 currently supports a maximum of three open positions per account!
Kwenta operates as a decentralized and composable exchange onchain, offering access perpetual futures contracts on both Optimism and Base. Supporting up to 50x leverage on certain pairs & networks, enabling users to trade a wide range of derivatives, including both crypto and non-crypto assets.
Trading for these new V3 Markets has now been enabled on:
https://v3.kwenta.io/market/?provider=snx_v3&asset=sETH
Fees can and will vary depending on the asset, and the newest fees can be found directly on the UI.
Max Market Value: 676,000
Initial Margin Ratio: 3.46
Minimum Initial Margin Ratio: 5.00%
Maintenance Margin Scalar: 0.38
Skew Scale: 25,500,000
Taker Fee Ratio: 0.0008
MakerFeeRatio: 2 bp
TakerFeeRatio: 10 bp
maxMarketValue: 500k$
maxFundingVelocity: 36
flagRewardRatio: 3 bp
minimumPositionMargin: 50 snxUSD
lockedOiRatio: 0.5
maxLiquidationLimitMultiplier: 1.5
maxLiquidationPD: 5 bp
endorsedLiquidator: "0x11233749514Ab8d00C0A5873DF7428b3db70030f"
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new markets. Trading is subject to high market risk. Please make your trades cautiously. We make best efforts to choose high-quality coins but will not be responsible for trading losses. Thanks for your support!
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.
Kwenta is thrilled to share that ENA has been added to the list of assets eligible for trading. This expansion is available on Kwenta through Perps V3 on Base, following the approval of SIP 376 with configurable values set by SCCP-316.
NOTE: V3 currently supports a maximum of three open positions per account!
Kwenta operates as a decentralized and composable exchange onchain, offering access perpetual futures contracts on both Optimism and Base. Supporting up to 50x leverage on certain pairs & networks, enabling users to trade a wide range of derivatives, including both crypto and non-crypto assets.
Trading for these new V3 Markets has now been enabled on:
https://v3.kwenta.io/market/?provider=snx_v3&asset=sETH
Fees can and will vary depending on the asset, and the newest fees can be found directly on the UI.
Max Market Value: 676,000
Initial Margin Ratio: 3.46
Minimum Initial Margin Ratio: 5.00%
Maintenance Margin Scalar: 0.38
Skew Scale: 25,500,000
Taker Fee Ratio: 0.0008
MakerFeeRatio: 2 bp
TakerFeeRatio: 10 bp
maxMarketValue: 500k$
maxFundingVelocity: 36
flagRewardRatio: 3 bp
minimumPositionMargin: 50 snxUSD
lockedOiRatio: 0.5
maxLiquidationLimitMultiplier: 1.5
maxLiquidationPD: 5 bp
endorsedLiquidator: "0x11233749514Ab8d00C0A5873DF7428b3db70030f"
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new markets. Trading is subject to high market risk. Please make your trades cautiously. We make best efforts to choose high-quality coins but will not be responsible for trading losses. Thanks for your support!
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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