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 $TRX is joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for leverage 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 a variety of crypto and non-crypto-asset derivatives.
Trading for this new market has now been enabled and is live at:
The $TRX 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 trade panel.
Underlying Asset: $TRX
Settlement Asset: $sUSD
Open Interest (OI) Cap: 15,000,000 TRX
Maker/Taker Fees: 2/10 bps
Skew Skale: 1,000,000,000
LiquidationBufferRatio: 125 bps
Expiry: Perpetual
Maximum Leverage: 25x
Liquidation Price: The TRX 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. The funding rate is calculated in real-time every time a position is opened, modified, or closed and is charged at the exit of a trade.
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. The selection process for adding new Synths to Synthetix is driven by demand, liquidity, and volatility. Chainlink, as well as 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. Kwenta will make best efforts to choose high-quality coins, but will not be responsible for your 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.
Hello again Traders,
Kwenta is ecstatic to announce that $TRX is joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for leverage 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 a variety of crypto and non-crypto-asset derivatives.
Trading for this new market has now been enabled and is live at:
The $TRX 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 trade panel.
Underlying Asset: $TRX
Settlement Asset: $sUSD
Open Interest (OI) Cap: 15,000,000 TRX
Maker/Taker Fees: 2/10 bps
Skew Skale: 1,000,000,000
LiquidationBufferRatio: 125 bps
Expiry: Perpetual
Maximum Leverage: 25x
Liquidation Price: The TRX 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. The funding rate is calculated in real-time every time a position is opened, modified, or closed and is charged at the exit of a trade.
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. The selection process for adding new Synths to Synthetix is driven by demand, liquidity, and volatility. Chainlink, as well as 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. Kwenta will make best efforts to choose high-quality coins, but will not be responsible for your 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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