Kwenta is ecstatic to announce that $XMR is 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 25x 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 $XMR price will be set via decentralized Chainlink oracles, fees can and will vary depending on the asset, and the newest Futures Fees can be found at Kwenta Docs.
Underlying Asset: $XMR
Settlement Asset: $sUSD
Open Interest (OI) Cap: 100k sUSD
Maximum Leverage: 10x
Liquidation Price: The XMR Chainlink price oracle
Funding: The Funding Rate applies to open positions on Perpetual Futures contracts. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. The funding rate is calculated in real-time every time a position is opened, modified, or closed and is charged at the exit of a trade.
Contract Address: Here
Maker: 40 bps
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. The selection process for adding new Synths to Synthetix is driven by demand, liquidity, and volatility. Chainlink must support the data feeds necessary for any proposed assets to be considered for inclusion.
Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Kwenta will make best efforts to choose high-quality coins, but will not be responsible for your trading losses. Thanks for your support!
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