Kwenta is a decentralized exchange that allows for trading without the need for web2 credentials & uses an aggregate price feed which reduces the risk of liquidations from temporary wicks. Following this guide, traders can open/close and manage positions on the Kwenta Mobile interface like pros!
Getting A Wallet
If you do not have a wallet yet, you can download and use MetaMask on most mobile devices.
Perpetual Futures are deployed and accessible on the layer 2 scaling solution Optimism. While most wallets come with out-of-the-box support for Optimism, if yours does not, you can add the required network as a custom network by using these details.
Join the Kwenta community for the KIP Presentation Call for KIPs 26 & 27, on Thursday, August 18th at 20:00 UTC. Kwenta has proposed and put in place an updated continuation plan for the Sovereignty phase laid out in KIP-10. With these necessary adjustments, Kwenta continues its campaign to facilitate the launch of the Kwenta token.
In addition, we will present a KIP to add Web Analytics to Kwenta, which allows anonymized tracking of traffic and how traders navigate within Kwenta. Kwenta values the privacy of its users and will not be collecting personally identifying information and does not track user behavior outside of the platform. This proposal aims to provide Kwenta with the necessary resources for growth and product refinement while adhering to our core values and maintaining the trust of our users.
Community members are encouraged to come to participate in the process by asking questions or giving feedback during the governance call. Elite Council members will use the information provided during these presentations to inform their votes, and ultimately steer the direction of the Kwenta product and DAO.
Kwenta is excited to have launched our Mobile trading interface. In celebration, Kwenta will be hosting an all-out Futures trading competition with prizes for traders large and small. Perpetual Futures trading on Kwenta has seen many improvements and has, since our last competition, had the experience heavily refined. Mobile trading is encouraged, but desktop traders are welcome too! Addresses that place a trade during the competition dates will be automatically entered.
Futures on Kwenta are unique in that they are built entirely using decentralized technology with the Synthetix protocol. Traders benefit from the deepest liquidity available on any available assets, a completely permissionless product, and Futures for a growing variety of assets in and outside the cryptocurrency ecosystem.
Participants will be eligible to win part of 20,000 $OP tokens & CryptoTesters NFT prizes. The competition will be hosted on Optimism, a Layer 2 solution. Traders will need to use only Perpetual Futures positions to generate as much profit as possible and reach the top of the Kwenta leaderboard.
This patch release focuses on UI bug fixes, mobile UI improvements, and under-the-hood refactoring of various hooks and data fetching improvements. This release is called Psidium cattleianum, also known as strawberry guava. The whole fruit can be eaten as both the thin skin and juicy interior are soft and tasty. Upcoming Kwenta releases might be named after edible plants. Notable changes are:
Dashboard: Sortable tables
Sorted data is easier to search, both visually and via code. With this release, traders can sort assets on the Kwenta dashboard by oracle price, 24h change, funding rate, total open interest, or 24h volume. Using these data points, traders can spot patterns, trends, and opportunities on Kwenta, and better manage a growing list of tradable assets.
The Kwenta MarketingDAO has received a ton of support from the community over the past several months, and we greatly appreciate everyone’s efforts. With your help, Kwenta is on its way to becoming a household name within the cryptocurrency space. As our devs continue to roll out important feature upgrades, Kwenta’s community will become even more important to make sure traders understand the benefits of using Kwenta, and in the Optimism ecosystem broadly.
Latest Initiatives
These latest 2 initiatives from the Kwenta MarketingDAO are some of the most exciting yet, and require deep involvement and coordination with community members. To provide a bit more context on these opportunities, we will be holding a brief community call, however attendance is not required to participate.
This release focuses on minor bug fixes, package updates, and better market data available within the Kwenta UI. This release officially moves Kwenta to version 3.0.0 and out of BETA! This release is called Tropaeolum majus, also known as garden nasturtium. All of the above-ground parts of the plant are edible, making for an especially ornamental salad ingredient. Upcoming Kwenta releases might be named after edible plants.
Lazy Load implementation for Trading History
Traders were previously limited to only being able to view the last 50 global trade entries routed through a selected assets contract. With lazy load implemented, traders can review an infinite amount of recent trades.
Join the Kwenta community for the KIP Presentation Call for KIPs 22 & 23, on Thursday, July 28th at 10:00 PM UTC. Kwenta continues to strive towards and take all steps necessary to automate the DAO for resiliency & unstoppableness. This call will be used to discuss & present Decentralized Deployment of the Kwenta UI and an amendment in the adminDAO KIP to include an adminDAO seat system.
Community members are encouraged to come to participate in the process by asking questions or giving feedback during the governance call. Elite Council members will use the information provided during these presentations to inform their votes, and ultimately steer the direction of the Kwenta product and DAO.
Call Agenda
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Present KIP 22 - Advanced Decentralized Deployment
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Present KIP 23 - adminDAO Seat System
While the dust settles from our major release last week that included a fully mobile-optimized version of Kwenta and SynthSwap that allows for any ERC20 swaps without leaving Kwenta. Since then, our dev team was hard at work on the latest maintenance release. So we’re proud to be able to announce our latest update, which includes several improvements that may not seem tangible to platform users, but we know developers contributing to Kwenta are sure to notice:
UI/UX improvements:
- Updated the max leverage to 25x
We're thrilled to report that Kwenta is now completely optimized for mobile, has completed its closed testing, and is accessible to everyone as a public Beta today, Thursday, July 14th, 2022!
Kwenta is committed to developing trading tools that are as openly accessible, intuitive, and powerful. With the help of advancements in smartphone technology, the power of a fully-fledged desktop trading platform can now fit into the palm of your hands. The release of our mobile experience is here, and it's the next step in realizing our goal of bringing financial tools to everyone.
With this significant development milestone complete, Kwenta adds itself to the growing list of DeFi protocols to provide a dedicated mobile implementation. Mobile support brings our users, and defi users as a whole, an experience closer to parity with what centralized exchanges provide.
Join the Kwenta community for the KIP Presentation Call of KIPs 18,19,20 & 21, on Wednesday, July 13th at 10:00 PM UTC. Kwenta has made substantial progress on roadmap items. This call will be used to discuss & present a proposed date for the $KWENTA token launch and the new contract that facilitates Synth-to-erc20 swaps.
Community members are encouraged to come to participate in the process by asking questions or giving feedback during the governance call. Elite Council members will use the information provided during these presentations to inform their votes, and ultimately steer the direction of the Kwenta product and DAO.
Call Agenda
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Present KIP 18 - Cross Margin
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Present KIP 19 - Advanced Orders
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Present KIP 20 - KWENTA Token Launch Date
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Present KIP 21 - SynthSwap Contract Upgrade
Join the Kwenta community for our H2 update. This call will include news on the $KWENTA token launch, the mobile UI, the new Synthswap feature, our progress on cross-margin & limit orders and more on July 7th at 4 PM (20:00) UTC in the Kwenta Discord.
We'll be holding this event on our Discord, RSVP at here.
Alpha on the Agenda and Speakers include:
- Welcome
- Elite Council update
- Greet & Intro new CCs - Leifu/Jared/Adam/Troy
- marketingDAO v2 Intro/update - Burt
- devDAO update - Ralf
- Kwenta Product Elites v2 & coms update - Marko
- Roadmap v2 & token launch update - Andrew
- Cross margin & limit orders - Jared/Jeremy
- Synthswap - Adam
- Data management/Frontend updates - Korde/Leifu/Troy
- Kwenta V2 design progress & mobile - Yashar
Today marks the first in a series of major upgrades for Kwenta. This new era for Kwenta Futures trading is only just beginning, but we’re excited to present this first set of awesome new features and UI improvements and unveil just a small peek at what’s in the pipeline for the weeks to come. Let's recap some numbers before we dig into ‘what’s new’! In just under three months, Kwenta Futures Exchange v2 has put in some impressive stats, including:
- $2B+ in notional volume
- Facilitated 15k+ trades across all markets
- 3000+ traders (with 0 incentives)
- $0 in lost user funds
- 14 releases, including many quality of life improvements
Impressive numbers for a Beta platform that's only been available for under five months; we aren’t stopping there and present the Kwenta community with a slew of upgrades this round that is sure to turbo charge their trading experience on Kwenta.
Dear Traders,
Kwenta is happy to say $APE-PERP and $DYDX-PERP are 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 10x leverage for makers and takers. Using perpetual contracts, users can trade a variety of crypto and non-crypto derivatives.
Trading for these new Futures Markets has now been enabled and is live on:
Time for another weekly update. Kwenta core contributors working in harmony with the devDAO are wrapping up some of the final changes necessary to bring v2 out of beta. While small, these updates combined take the Kwenta trading interface to a new level of responsiveness, bringing traders more accurate, real-time updates typically found on centralized exchanges. Let’s dig into the details.
Our Latest changes since our Futures update #12 :
UI/UX improvements:
- Show Exchange and Dynamic Fee #496
- Confirm Refetching #871 (Improve Data Responsiveness #876)
- Confirm/Close Order Modals: Improve Gas Price #850
- TradingView: Add subscribeBars function #798
Time flies when you’re having fun building! It seems like just yesterday we were launching synthetic Futures, but today is our 12th beta release! The 12th v2 Kwenta deployment introduces a few bugfixes, and upgrades under the hood both big and small. Taken together, these changes are a significant step forward for the UI.
Here are the latest changes since our last update:
- Synth Balances on Dashboard #754
- Synthetix Menkent release bug fix #851
- Refactor/upgrade nextjs from v10 to v12 #801
- Synth Exchange Input fix #842
- CSS fixes #839
- Add tooltips to markets #844
Bear market or not, Kwenta Engineers will continue to build and deliver on providing the best trading experience possible. Our 10th beta release for the v2 branch introduces mostly bug fixes and improvements under the hood and is now LIVE. Let’s dive in!
Here is a quick look at the developments since our last update:
- Implement a new position card design
- Add Liquidations to Trades
- Synth Markets on Dashboard
The devs are killing it at Kwenta this week, and have shipped an incredible lineup of tweaks and new features for traders to enjoy. This release enables at least one highly requested feature, the trade history tab, and several other important UX improvements to make sure your next Kwenta trade is the best one yet.
A quick look at the developments since our last update:
- Markets: Add Markets Table
- TradingView: Add Position Info
- Order History Tab
Markets: Add Markets Table
With the latest release, Kwenta introduces a new feature: Next Price orders. In short, Next Price orders allow Kwenta to offer a low fee alternative for genuine traders while avoiding frontrunning opportunities. Let’s dive into it:
TL;DR on Next-Price Orders
- There is a Keeper fee of 5 sUSD. It is refundable only if the trader cancels the order.
- There is a Commitment fee which is equal to the Market Order fee. The difference with the lower Next Price Order fee is rebated to the trader once the order executes successfully.
- If for any reason the next price order fails or is canceled, traders forfeit the commitment fee.
As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs) and Kwenta is leading the charge. It has been ~2 months since the launch of Futures on Kwenta, and much progress has been made since the last update and it is once again time to share what’s new and improved with Kwenta this update.
A quick look at the developments since our last update:
- Fix Candles / TV Chart Update
- Markets: Deposit/Withdraw History
- Implement Profit Calculator
- Time since oracle update
Kwenta is an innovative decentralized exchange built on the Synthetix protocol offering an unstoppable trading platform that can rival top centralized exchanges. Originally a Synthetix core contributor project, Kwenta has been spun out into an independent product that has dedicated developers enabling Kwenta to realize its vision of becoming the leading exchange platform in DeFi.
Kwenta will launch its own token, governance system, and unique financial products. By joining the early core contributors, you’ll get all the benefits of helping to create a leading product and token from scratch.
The role
This is a remote, full-time role for a Senior QA engineer. You will work directly with world-class DeFi developers to build a product that positions Kwenta as the leading trading hub in DeFi.
On April 21st at 10 PM UTC in the Kwenta Discord, on the community stage the council will present the retro $KWENTA Launch Distribution details for Synth traders and $SNX stakers. Join the Kwenta community for the presentation of KIP-13. Kwenta has made exciting progress and is getting close to delivering on key milestones.
Agenda
Kwenta is an innovative decentralized exchange built on the Synthetix protocol offering an unstoppable trading platform that can rival top centralized exchanges. Originally a Synthetix core contributor project, Kwenta has been spun out into an independent product that has dedicated developers enabling Kwenta to realize its vision of becoming the leading exchange platform in DeFi.
Kwenta will launch its own token, governance system, and unique financial products. By joining the early core contributors, you’ll get all the benefits of helping to create a leading product and token from scratch.
The role
This is a remote, full-time role for a Senior Full-Stack developer. You will work directly with world-class DeFi developers to build a product that positions Kwenta as the leading trading hub in DeFi.
Release highlights
- Kwenta Synth Swap V2
- Leaderboard
- Store last visited market in local storage
- Implement incremental refresh
- Deployed margin
- Paused state
Kwenta exchange on V1 was launched in August 2020. Traders use the platform to buy synths & open long and short positions with a variety of trading tools to gain exposure to on-chain and real-world synthetic assets not possible elsewhere. Since its inception, Kwenta has facilitated over $19bn in spot trading volume and almost $1Bbn in Futures volume after just two short weeks of being in beta.
Dear Traders,
Kwenta is ecstatic to announce that $SOL, $AVAX, $MATIC, $AAVE, $UNI, $EUR, $GOLD, and $SILVER are 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 10x leverage for makers and takers. Using perpetual contracts, users can trade a variety of crypto and non-crypto-asset derivatives.
Trading for these new Futures Markets with leverage has now been enabled and is live on:
Additional steps toward a fully optimized, on-chain Perpetual Futures experience on Layer 2 Optimism. Updates at Kwenta are coming more quickly than ever before. Recently, Kwenta onboarded a trio of talent to the Core Contributors. These new resources and the spectacular devDAO significantly increase our ability to meet and exceed expected roadmap items.
Updates included this round:
Hourly Candles
The community overwhelmingly requested more granular time frames for charts on Kwenta. With this update, Kwenta enabled hourly candles on its TradingView integration for available assets. The charting experience will continue to be refined and improved as we add more granularity and additional features.
The release includes big steps forward in Kwenta's quest to deliver fully optimized on-chain Perpetual Futures on Layer 2 Optimism. Core Contributors & the Kwenta devDAO bring the Kwenta Community a round of Futures optimizations to kick off the week and present this list of optimizations that made it into this release.
This is another step towards ensuring that our upcoming Futures Competition is a fluid experience for participants & we will continue to listen to our community, and refine the Kwenta trading experience based on user needs and feedback.
Futures Positions on the Market Page
Looking at the BTC-PERP market and wondering how your ETH-PERP or any other open positions are doing? We now display open positions in other markets below the TradingView charts!
We're excited to share the latest round of devDAO updates for Kwenta! Kwenta devDAO contributors have and still are hard at work and pushed upgrades that include the implementation of atomic exchange functions and a dynamic shortable assets list, a new Kwenta Futures Beta hype site, an NFT contract for Aelin Raise Participants and many more completed bug fixes and improvements.
Since the last changelog report, a total of 1050 $SNX has been paid out to devDAO contributors, and 2140$SNX in total rewards for completing bounties for the KwentaDAO.
Please welcome @Trades3ok and @Leovct as our latest Community Bounty Hunters!
Dear Traders,
Kwenta is ecstatic to announce that $SOL, $AVAX, $MATIC, $AAVE, $UNI, $EUR, $GOLD, and $SILVER are 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 10x leverage for makers and takers. Using perpetual contracts, users can trade a variety of crypto and non-crypto-asset derivatives.
Trading for these new Futures Markets has now been enabled and is live on:
Kwenta is an innovative decentralized exchange built on the Synthetix protocol offering an unstoppable trading platform that can rival top centralized exchanges. Originally a Synthetix core contributor project, Kwenta is being spun out into an independent product that has a dedicated team of developers who can enable it to realize its vision of becoming the leading exchange platform in DeFi. Kwenta will launch its own token, governance system, and unique products as part of this transition. By joining the early core contributors, you’ll get all the benefits of helping to create a leading product and token from scratch.
The role
This is a remote, full-time role for a frontend developer. You will work directly with world class DeFi developers and other core contributors to build an interface for Kwenta that positions the product as the leading trading hub in DeFi.
Kwenta is an innovative decentralized exchange built on the Synthetix protocol that enables investors to permissionlessly access leverage, spot markets, shorts, and soon much more. Originally a Synthetix core contributor project, Kwenta has been spun out into an independent product that has a dedicated team of developers working on creating a fully decentralized trading experience that can rival the top centralized exchanges. Kwenta will launch its own token, governance system, and fee capture mechanism as part of this transition. By joining the early core contributors, you’ll get all the benefits of helping to create a leading product and token from scratch.
The role
This is a remote, full-time role for a Solidity Engineer. You will work directly with world class DeFi developers and other core contributors to launch a token and build a variety of trading tools that position Kwenta as the leading trading hub in DeFi while setting it in on a course to thrive autonomously as a decentralized product.
Core Contributors & the Kwenta devDAO bring you one more round of Futures optimizations before we head into the weekend. We're excited to share a second release for this week. Since the launch of the Futures Beta, over 20 Futures Related tickets have been closed out, including small & large fixes, and community feature requests are being developed.
Fixed Bugs & Optimizations
Reduce minimum margin to $50
- Futures previously had a minimum requirement of 100$ sUSD to be able to interact with the system. This has recently been lowered to a more friendly 50$ sUSD requirement.
With the launch of Futures, a brand new UI, a native token, and a plethora of under-the-hood upgrades, Kwenta has evolved beyond its early days. To mark Kwenta's transition to V2, the community is requesting a new website to better reflect the current state of Kwenta and the ambitious roadmap ahead. To create a new website, Kwenta will be launching a V2 website design competition.
The Task: Design a landing page for Kwenta
As part of Kwenta's new trading experience, the Kwenta website will receive a complete V2 upgrade. The submissions for this competition will be used for the live version of the website. Below you'll find the steps for the competition structure.
Step 1: Application