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.
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
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.
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:
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!
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.
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
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:
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.
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.
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.
Great news! We surpassed $1 Billion in total Futures volume since our last update thanks to the hard work of our devs and community members. With this new Futures beta release, Kwenta has fixed some bugs and picked up a new feature.
Many of these upgrades and features were added based on feedback from Kwenta users. If you have a request for a new feature or have a bug that needs to be fixed, join our Discord and raise awareness.
Release highlights:
- Add skew and trading history
- Update average funding rate calculation
- Leaderboard now displays your ENS
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
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
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
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
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
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:
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.