# Kwenta Lists stETH Perp

By [Synthetix Exchange](https://paragraph.com/@kwenta) · 2023-06-15

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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](https://kwenta.eth.limo/) on [Layer 2 Optimism](https://kwenta.io/).

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:_

[

Synthetix Exchange
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Gain exposure to a variety of assets with up to 50x leverage and deep liquidity

https://kwenta.eth.limo



](https://kwenta.eth.limo/)

The $stETH price will be set via decentralized push-based [Chainlink oracles](https://docs.kwenta.io/resources/oracles), as well as pull-based [Pyth Oracles](https://pyth.network/), fees can and will vary depending on the asset, and the newest Futures Fees can be found in the order entry panel.

📝Contract Specs
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### stETH-PERP

*   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.
    

Listing New Markets
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Synthetix provides decentralized derivatives liquidity for protocols like [Kwenta](https://kwenta.eth.limo). Demand, liquidity, and volatility drive the selection process for adding new Markets to Synthetix. [Chainlink](https://chain.link/) and [Pyth](https://pyth.network/) must support the data feeds necessary for any proposed assets to be considered for inclusion.

### Risk warning:

_Cryptocurrency trading is subject to high market risk. Please make your trades cautiously._

Join the Kwenta Community
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If you haven't already, join the Kwenta community on [Discord](https://discord.gg/kwentaio).

To be the first to learn about new updates to Kwenta, follow us on [Twitter](https://twitter.com/kwenta_io).

To trade synthetic assets and futures, visit [Kwenta](https://kwenta.eth.limo/).

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*Originally published on [Synthetix Exchange](https://paragraph.com/@kwenta/kwenta-lists-steth-perp)*