Hello, again, Traders
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 various crypto and non-crypto-asset derivatives.
Trading for this new market has now been enabled and is live at:
The $stETH price will be set via decentralized push-based Chainlink oracles, as well as pull-based Pyth Oracles, fees can and will vary depending on the asset, and the newest Futures Fees can be found in the order entry panel.
Underlying Asset: $stETH
Settlement Asset: $sUSD
Open Interest (OI) Cap: 3000 stETH
Maker/Taker Fees: 2/10 bps
Skew Skale: 100000
LiquidationBufferRatio: 120 bps
Maximum Leverage: 25x
Liquidation Price: The stETH Chainlink oracle price
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.
Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new Markets to Synthetix. Chainlink and Pyth 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.
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.