Hello, again, Traders

Kwenta is ecstatic to announce that $stETH is joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for 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 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.

📝Contract Specs

stETH-PERP

• Underlying Asset: $stETH

• Settlement Asset: $sUSD

• Open Interest (OI) Cap: 3000 stETH

• Maker/Taker Fees: 2/10 bps

• Skew Skale: 100000

• LiquidationBufferRatio: 120 bps

• Expiry: Perpetual

• 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.

Listing New Markets

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.

Risk warning:

Cryptocurrency trading is subject to high market risk. Please make your trades cautiously.

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To trade synthetic assets and futures, visit Kwenta.