
Hello, again, Traders
Kwenta is ecstatic to announce that $stETH is joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for trading through Kwenta on Layer 2 Optimism.
Kwenta is an on-chain composable & decentralized exchange (DEX) for perpetual futures contracts, with up to 25x 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:
The $stETH price will be set via decentralized push-based Chainlink oracles, as well as pull-based Pyth Oracles, fees can and will vary depending on the asset, and the newest Futures Fees can be found in the order entry panel.
Underlying Asset: $stETH
Settlement Asset: $sUSD
Open Interest (OI) Cap: 3000 stETH
Maker/Taker Fees: 2/10 bps
Skew Skale: 100000
LiquidationBufferRatio: 120 bps
Expiry: Perpetual
Maximum Leverage: 25x
Liquidation Price: The stETH Chainlink oracle price
Funding: The Funding Rate applies to open positions on Perpetual Futures contracts. A positive rate means longs pay shorts, and a negative rate means shorts pay longs.
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new Markets to Synthetix. Chainlink and Pyth must support the data feeds 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 $stETH is joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for trading through Kwenta on Layer 2 Optimism.
Kwenta is an on-chain composable & decentralized exchange (DEX) for perpetual futures contracts, with up to 25x 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:
The $stETH price will be set via decentralized push-based Chainlink oracles, as well as pull-based Pyth Oracles, fees can and will vary depending on the asset, and the newest Futures Fees can be found in the order entry panel.
Underlying Asset: $stETH
Settlement Asset: $sUSD
Open Interest (OI) Cap: 3000 stETH
Maker/Taker Fees: 2/10 bps
Skew Skale: 100000
LiquidationBufferRatio: 120 bps
Expiry: Perpetual
Maximum Leverage: 25x
Liquidation Price: The stETH Chainlink oracle price
Funding: The Funding Rate applies to open positions on Perpetual Futures contracts. A positive rate means longs pay shorts, and a negative rate means shorts pay longs.
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new Markets to Synthetix. Chainlink and Pyth must support the data feeds 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.

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...

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/
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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