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...
Share Dialog
Share Dialog
Kwenta has been acquired by Synthetix. Please follow along at https://blog.synthetix.io/ Trading is live at https://exchange.synthetix.io/
Subscribe to Synthetix Exchange
Subscribe to Synthetix Exchange
>1K subscribers
>1K subscribers
It’s rewards season at Kwenta! Kwenta offers several exciting rewards programs to incentivize traders and highlight our liquidity partners’ and available networks. This blog serves as the definitive guide to these programs, detailing the network, required actions, and potential rewards. It will be kept up to date as programs launch, expire, or change.
OP Referral Rewards
VIP Program
Points Program
For details on each program, scroll to each section in the Ultimate Kwenta Rewards Blog.
With support from the Optimism DAO, Kwenta traders and community members can earn $OP rewards for following a referral link or referring new traders. For more information, see the Kwenta Referral Dashboard or see the Kwenta Documentation. If you need a referral link, come ask in the Kwenta discord or @ kwenta_io on Twitter and the Kwenta community will be happy to provide one!
Network: Optimism
Action Required: Follow a referral link and mint a Boost NFT or Refer a trader.
Potential Rewards: 200,000 $OP distributed on a first come, first serve basis.
Program Details:
How to Earn: For each trader who mints a Boost NFT and pays fees, 30% of fees are rebated to the trader, and 30% to the affiliate who referred them.
Example: Affiliate Tom invited Trader Ily. Trader Ily pays $100 in fees. At the end of the weekly epoch, $30 is earned by Affiliate Tom, and $30 is earned by Trader Ily, in OP tokens. The value of OP tokens will be calculated based on market value at the time of distribution.
Epochs: Weekly rewards epochs begin and end every Monday at 1200 UTC, and continue until all rewards have been distributed.
Reward Distribution: OP rewards will be claimable from the Rewards Dashboard at the conclusion of each weekly epoch.
For details on how to create or interact with referral links, please see the section in the documentation.
Network: Optimism (other networks TBD)
Action Required: Maintain a minimum 30-day rolling volume to stay in a VIP tier.
Potential Rewards: Fee rebates up to 110% based on volume tiers.
Program Details:
Tier 0: >$1,000,000 - 10% rebate
Tier 1: >$10,000,000 - 40% rebate
Tier 2: >$100,000,000 - 70% rebate
Tier 3: >$1,000,000,000 - 110% rebate
Rebate Claiming: Traders can claim rebates in real-time, with volume calculated on a 30-day rolling window.
Note: This program is boosted by a $50k monthly grant from Brevis, adding additional OP rewards to the VIP program.
Network: All
Action Required: Earn points by trading on Kwenta, with additional bonuses for retroactive trades, whale traders, and end-of-season participation.
Potential Rewards: TBD (bonus EXP and exclusive seasonal rewards are possible).
Program Details:
Trading: Earn 20 EXP per $1 in trading fees for trades on or after May 23rd, 2024. Retroactive bonus of 40 EXP per $1 in trading fees for Base v3 trades before May 23rd, 2024.
Perps Whale Bonus: Conduct $1 million+ in historical volume across any supported perps platforms (including GMX, Gains, MUX, Vertex, and Synthetix v2 Perps on Kwenta) and complete $500 in fees during Season 1 to earn an extra 10,000 EXP.
End-of-Season Bonus: Receive a bonus EXP boost based on your rank at the end of each season.
Proposal: For more information, visit the Points Program Blog and KIP-128.
Note: The program operates in seasons. Your rank resets each season, and new rewards or actions may be introduced. Keep an eye on updates from Kwenta governance and development.
This blog will serve as a source of truth for rewards, and will be kept up to date as programs launch, expire, or change. Join the Kwenta community to stay informed and maximize your rewards.
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.
It’s rewards season at Kwenta! Kwenta offers several exciting rewards programs to incentivize traders and highlight our liquidity partners’ and available networks. This blog serves as the definitive guide to these programs, detailing the network, required actions, and potential rewards. It will be kept up to date as programs launch, expire, or change.
OP Referral Rewards
VIP Program
Points Program
For details on each program, scroll to each section in the Ultimate Kwenta Rewards Blog.
With support from the Optimism DAO, Kwenta traders and community members can earn $OP rewards for following a referral link or referring new traders. For more information, see the Kwenta Referral Dashboard or see the Kwenta Documentation. If you need a referral link, come ask in the Kwenta discord or @ kwenta_io on Twitter and the Kwenta community will be happy to provide one!
Network: Optimism
Action Required: Follow a referral link and mint a Boost NFT or Refer a trader.
Potential Rewards: 200,000 $OP distributed on a first come, first serve basis.
Program Details:
How to Earn: For each trader who mints a Boost NFT and pays fees, 30% of fees are rebated to the trader, and 30% to the affiliate who referred them.
Example: Affiliate Tom invited Trader Ily. Trader Ily pays $100 in fees. At the end of the weekly epoch, $30 is earned by Affiliate Tom, and $30 is earned by Trader Ily, in OP tokens. The value of OP tokens will be calculated based on market value at the time of distribution.
Epochs: Weekly rewards epochs begin and end every Monday at 1200 UTC, and continue until all rewards have been distributed.
Reward Distribution: OP rewards will be claimable from the Rewards Dashboard at the conclusion of each weekly epoch.
For details on how to create or interact with referral links, please see the section in the documentation.
Network: Optimism (other networks TBD)
Action Required: Maintain a minimum 30-day rolling volume to stay in a VIP tier.
Potential Rewards: Fee rebates up to 110% based on volume tiers.
Program Details:
Tier 0: >$1,000,000 - 10% rebate
Tier 1: >$10,000,000 - 40% rebate
Tier 2: >$100,000,000 - 70% rebate
Tier 3: >$1,000,000,000 - 110% rebate
Rebate Claiming: Traders can claim rebates in real-time, with volume calculated on a 30-day rolling window.
Note: This program is boosted by a $50k monthly grant from Brevis, adding additional OP rewards to the VIP program.
Network: All
Action Required: Earn points by trading on Kwenta, with additional bonuses for retroactive trades, whale traders, and end-of-season participation.
Potential Rewards: TBD (bonus EXP and exclusive seasonal rewards are possible).
Program Details:
Trading: Earn 20 EXP per $1 in trading fees for trades on or after May 23rd, 2024. Retroactive bonus of 40 EXP per $1 in trading fees for Base v3 trades before May 23rd, 2024.
Perps Whale Bonus: Conduct $1 million+ in historical volume across any supported perps platforms (including GMX, Gains, MUX, Vertex, and Synthetix v2 Perps on Kwenta) and complete $500 in fees during Season 1 to earn an extra 10,000 EXP.
End-of-Season Bonus: Receive a bonus EXP boost based on your rank at the end of each season.
Proposal: For more information, visit the Points Program Blog and KIP-128.
Note: The program operates in seasons. Your rank resets each season, and new rewards or actions may be introduced. Keep an eye on updates from Kwenta governance and development.
This blog will serve as a source of truth for rewards, and will be kept up to date as programs launch, expire, or change. Join the Kwenta community to stay informed and maximize your rewards.
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.
No activity yet