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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If we go back just a few short months, to the end of 2021, we can remember the first Kwenta trading competition, with an Optimism regensis interrupting the competition, a faucet that was flakey at best, and a UI/UX that was still in its infancy. Forward just one short year, and Kwenta is on the bleeding edge of decentralized infrastructure with a product and DAO to match.
During the competition, traders placed over 3,137 trades, generating $23,250,746.32 in volume and the KwentaDAO distributed a respectable 1% of the initial supply (3133.73 $KWENTA) and an additional 100,000 in $OP tokens.
If you missed this competition, don’t worry. The next few months at Kwenta will be packed, and full of new releases, new asset listings, more competitions, prizes, and incentives! Keep an eye on our Discord announcements channel and our Twitter so you don’t miss a beat.
$OP & $KWENTA rewards have been distributed directly to participants ETH address.
We'd like to congratulate the top traders in their tiers, in both round 1 and round 2. Landing a spot in the top wasn’t the only way to earn $KWENTA during these 2 weeks of trading mayhem. A complete list of addresses eligible for a prize that participated visit the public spreadsheet.The winners are as follows:
0x547056fce2e08ed24feac022fbdcb23a8942bc81 - 11 $KWENTA
0x4977c1b189e23efac9bade4df7e2582676fe78e3 - 9 $KWENTA
0xb6bbe5a785f6cfed3f65f2ba91ad20586b00f7e6 - 6 $KWENTA
0xde8f8849579f06a30c0dd3ae3d5408ebdaaabcf7 - 4 $KWENTA
0xb00c87277ff7535ea66e28b8ef573eb73ec376f1 - 3 $KWENTA
0x4592d3be8c39ab5228b59572dd25898435d8f0d7 - 26 $KWENTA
0x6aa91a17f36efc0aff5a262d4771d8ec4c4f1114 - 21 $KWENTA
0xee04653f75cfd8801eea09eab092652fe28765b3 - 16 $KWENTA
0x57ff793903f3a85e08a5e261abaf942857f29605 - 11 $KWENTA
0x54b4beb196d353798a19581ad5cb0c7c0b241234 - 6 $KWENTA
0x8f804dec80028cb5bbc5537762b27629a4ab6c94 - 26 $KWENTA
0xd9d455a8b8b9aeda2da66c52b80c90ef423409df - 21 $KWENTA
0x875b564fbe481cb84c2dab94daa0f45abfe52911 - 16 $KWENTA
0xa59a3418a459ebeecad43b4c6b9322c626bf8486 - 13 $KWENTA
0xfc32260a554556417e2ddd7b5872566905d2d482 - 11 $KWENTA
0xe18d3b075a241379d77fffe01ed1317dda0e8bac - 101 $KWENTA
0xe6945ed413f233e248bcdf2a5af249b6af7cd58c - 76 $KWENTA
0x25554a80781ee62414c3747e81c3f50157c634b1 - 51 $KWENTA
0x4c715a3e745d637c16b58b25cafbecf94b33282c - 36 $KWENTA
0xb33ec630d0b48b96a50b754ec98f6723417144f5 - 26 $KWENTA
0x7fd8a3e656c90a0e3cd703e4ba46aa4c9d9e84fb - 51 $KWENTA
0xac60410e7be09241f08643d9ce51570137e57683 - 41 $KWENTA
0xd98b0f8a15eab299d0acca03f24ed0abb24dd5ec - 36 $KWENTA
0x0be55326919f08af4d14a42aafb3b68f95738355 - 30 $KWENTA
0xc8c2b727d864cc75199f5118f0943d2087fb543b - 26 $KWENTA
0xfcf325ccc3cd124efe1aa8cff362e3f74fded64a - 201 $KWENTA
0x22866c5c7f2b5475cff41465c53aa813b4c22b13 - 176 $KWENTA
0xb8d08d9537fc8e5624c298302137c5b5ce2f301d - 151 $KWENTA
0xabd02edfbff25a307a5c7d827eb58c2037da9453 - 261 $KWENTA
0x7fd8a3e656c90a0e3cd703e4ba46aa4c9d9e84fb - 101 $KWENTA
Kwenta disqualified any addresses from the competition that displayed malicious intent.
Winners will have their prizes sent to the same address used during the competition. There will be no need to claim your prizes, so do not respond to any messages instructing you to send a transaction or personal information to claim your prizes. Simply sit back and watch your wallet.
$KWENTA rewards have been distributed as escrowed KWENTA, and can be staked on the Kwenta staking dashboard. Note: escrowed Kwenta vests over 1-year as outline in KIP-34.
It’s important to note that Synthetix Perps has been in beta since its release.The most notable limitations are capital inefficiency (restrictive open interest limits), funding rate volatility, and high fees / wide spreads.The above noted short comings will soon be a relic of the past. Utilizing a new off-chain oracle system we will gain: decrease latency and trading fees, an adjusted and competitive funding rate mechanism.
This was a fantastic experience for the Kwenta community and we appreciate everyone who joined the community in the process. We hope everyone enjoys their $KWENTA & $OP prizes. Keep an eye out for the next competition, coming soon!
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.
If we go back just a few short months, to the end of 2021, we can remember the first Kwenta trading competition, with an Optimism regensis interrupting the competition, a faucet that was flakey at best, and a UI/UX that was still in its infancy. Forward just one short year, and Kwenta is on the bleeding edge of decentralized infrastructure with a product and DAO to match.
During the competition, traders placed over 3,137 trades, generating $23,250,746.32 in volume and the KwentaDAO distributed a respectable 1% of the initial supply (3133.73 $KWENTA) and an additional 100,000 in $OP tokens.
If you missed this competition, don’t worry. The next few months at Kwenta will be packed, and full of new releases, new asset listings, more competitions, prizes, and incentives! Keep an eye on our Discord announcements channel and our Twitter so you don’t miss a beat.
$OP & $KWENTA rewards have been distributed directly to participants ETH address.
We'd like to congratulate the top traders in their tiers, in both round 1 and round 2. Landing a spot in the top wasn’t the only way to earn $KWENTA during these 2 weeks of trading mayhem. A complete list of addresses eligible for a prize that participated visit the public spreadsheet.The winners are as follows:
0x547056fce2e08ed24feac022fbdcb23a8942bc81 - 11 $KWENTA
0x4977c1b189e23efac9bade4df7e2582676fe78e3 - 9 $KWENTA
0xb6bbe5a785f6cfed3f65f2ba91ad20586b00f7e6 - 6 $KWENTA
0xde8f8849579f06a30c0dd3ae3d5408ebdaaabcf7 - 4 $KWENTA
0xb00c87277ff7535ea66e28b8ef573eb73ec376f1 - 3 $KWENTA
0x4592d3be8c39ab5228b59572dd25898435d8f0d7 - 26 $KWENTA
0x6aa91a17f36efc0aff5a262d4771d8ec4c4f1114 - 21 $KWENTA
0xee04653f75cfd8801eea09eab092652fe28765b3 - 16 $KWENTA
0x57ff793903f3a85e08a5e261abaf942857f29605 - 11 $KWENTA
0x54b4beb196d353798a19581ad5cb0c7c0b241234 - 6 $KWENTA
0x8f804dec80028cb5bbc5537762b27629a4ab6c94 - 26 $KWENTA
0xd9d455a8b8b9aeda2da66c52b80c90ef423409df - 21 $KWENTA
0x875b564fbe481cb84c2dab94daa0f45abfe52911 - 16 $KWENTA
0xa59a3418a459ebeecad43b4c6b9322c626bf8486 - 13 $KWENTA
0xfc32260a554556417e2ddd7b5872566905d2d482 - 11 $KWENTA
0xe18d3b075a241379d77fffe01ed1317dda0e8bac - 101 $KWENTA
0xe6945ed413f233e248bcdf2a5af249b6af7cd58c - 76 $KWENTA
0x25554a80781ee62414c3747e81c3f50157c634b1 - 51 $KWENTA
0x4c715a3e745d637c16b58b25cafbecf94b33282c - 36 $KWENTA
0xb33ec630d0b48b96a50b754ec98f6723417144f5 - 26 $KWENTA
0x7fd8a3e656c90a0e3cd703e4ba46aa4c9d9e84fb - 51 $KWENTA
0xac60410e7be09241f08643d9ce51570137e57683 - 41 $KWENTA
0xd98b0f8a15eab299d0acca03f24ed0abb24dd5ec - 36 $KWENTA
0x0be55326919f08af4d14a42aafb3b68f95738355 - 30 $KWENTA
0xc8c2b727d864cc75199f5118f0943d2087fb543b - 26 $KWENTA
0xfcf325ccc3cd124efe1aa8cff362e3f74fded64a - 201 $KWENTA
0x22866c5c7f2b5475cff41465c53aa813b4c22b13 - 176 $KWENTA
0xb8d08d9537fc8e5624c298302137c5b5ce2f301d - 151 $KWENTA
0xabd02edfbff25a307a5c7d827eb58c2037da9453 - 261 $KWENTA
0x7fd8a3e656c90a0e3cd703e4ba46aa4c9d9e84fb - 101 $KWENTA
Kwenta disqualified any addresses from the competition that displayed malicious intent.
Winners will have their prizes sent to the same address used during the competition. There will be no need to claim your prizes, so do not respond to any messages instructing you to send a transaction or personal information to claim your prizes. Simply sit back and watch your wallet.
$KWENTA rewards have been distributed as escrowed KWENTA, and can be staked on the Kwenta staking dashboard. Note: escrowed Kwenta vests over 1-year as outline in KIP-34.
It’s important to note that Synthetix Perps has been in beta since its release.The most notable limitations are capital inefficiency (restrictive open interest limits), funding rate volatility, and high fees / wide spreads.The above noted short comings will soon be a relic of the past. Utilizing a new off-chain oracle system we will gain: decrease latency and trading fees, an adjusted and competitive funding rate mechanism.
This was a fantastic experience for the Kwenta community and we appreciate everyone who joined the community in the process. We hope everyone enjoys their $KWENTA & $OP prizes. Keep an eye out for the next competition, coming soon!
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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