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...
Synthetix ExchangeUnveiling the Synthetix Exchange
With the successful transition to Synthetix Exchange, the deprecation of the Kwenta DAO and Kwenta brand is now final. This marks the end of an era, but it’s far from the end of the journey. The community that powered Kwenta will continue to thrive under the unified Synthetix Exchange banner. Alongside this evolution comes a major product upgrade, setting the stage for an even better trading experience. Before we dive into the new features of Synthetix Exchange, here’s how you can stay involv...
Kwenta has been acquired by Synthetix. Please follow along at https://blog.synthetix.io/ Trading is live at https://exchange.synthetix.io/
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...
Synthetix ExchangeUnveiling the Synthetix Exchange
With the successful transition to Synthetix Exchange, the deprecation of the Kwenta DAO and Kwenta brand is now final. This marks the end of an era, but it’s far from the end of the journey. The community that powered Kwenta will continue to thrive under the unified Synthetix Exchange banner. Alongside this evolution comes a major product upgrade, setting the stage for an even better trading experience. Before we dive into the new features of Synthetix Exchange, here’s how you can stay involv...
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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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.
Tokens began vesting on November 12th, even if you haven’t deposited yet.
Vesting occurs on a 3-month cliff, followed by a 9-month linear unlock.
On February 12th, tokens begin to unlock.
9 months later, all tokens will be fully unlocked.
If you deposit your KWENTA tokens at any time, they will unlock according to this schedule. For example:
If you deposit on July 1st, about half of your tokens will already be unlocked.
If you deposit after the 9-month period, all tokens will be unlocked immediately.
We encourage everyone to deposit their tokens as soon as possible to ensure a smooth and complete transition.
Follow these steps to migrate your KWENTA tokens.
Go to the Staking tab on Staking.
Unstake your liquid KWENTA. (Escrowed KWENTA will automatically unstake as it vests.)
Select the Escrow tab on Staking.
Check the box above your escrow entries to select all escrow entries.
Select Vest.
There is no fee for vesting, and your KWENTA will now be in your wallet as liquid tokens.
Visit the KWENTA Migration Site.
Select Deposit to deposit all the KWENTA tokens in your wallet.
Your SNX tokens will vest on the schedule mentioned earlier. Simply return to the migration site to claim your SNX tokens as they vest.
Discord: Synthetix Discord
Twitter: Synthetix Exchange Twitter | Synthetix Twitter
Trade Perps: Synthetix Exchange
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.
Tokens began vesting on November 12th, even if you haven’t deposited yet.
Vesting occurs on a 3-month cliff, followed by a 9-month linear unlock.
On February 12th, tokens begin to unlock.
9 months later, all tokens will be fully unlocked.
If you deposit your KWENTA tokens at any time, they will unlock according to this schedule. For example:
If you deposit on July 1st, about half of your tokens will already be unlocked.
If you deposit after the 9-month period, all tokens will be unlocked immediately.
We encourage everyone to deposit their tokens as soon as possible to ensure a smooth and complete transition.
Follow these steps to migrate your KWENTA tokens.
Go to the Staking tab on Staking.
Unstake your liquid KWENTA. (Escrowed KWENTA will automatically unstake as it vests.)
Select the Escrow tab on Staking.
Check the box above your escrow entries to select all escrow entries.
Select Vest.
There is no fee for vesting, and your KWENTA will now be in your wallet as liquid tokens.
Visit the KWENTA Migration Site.
Select Deposit to deposit all the KWENTA tokens in your wallet.
Your SNX tokens will vest on the schedule mentioned earlier. Simply return to the migration site to claim your SNX tokens as they vest.
Discord: Synthetix Discord
Twitter: Synthetix Exchange Twitter | Synthetix Twitter
Trade Perps: Synthetix Exchange
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