Kwenta Lists BNB & DOGE
0xC065
August 29th, 2022

Dear Traders,

Kwenta is ecstatic to announce that $BNB & $DOGE 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 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 $BNB & $DOGE prices 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.

📝Contract Specs

BNB-SUSD PERP

  • Underlying Asset: $BNB
  • Settlement Asset: $sUSD
  • Open Interest (OI) Cap: 1 million sUSD
  • Expiry: Perpetual
  • Maximum Leverage: 25x
  • Liquidation Price: The BNB 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
  • Futures Fees:
    • Maker: 30bps
    • Taker: 35bps

📝Contract Specs

DOGE-SUSD PERP

  • Underlying Asset: $DOGE
  • Settlement Asset: $sUSD
  • Open Interest (OI) Cap: 4 million sUSD
  • Expiry: Perpetual
  • Maximum Leverage: 10x
  • Liquidation Price: The DOGE 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
  • Futures Fees:
    • Maker: 35bps
    • Taker: 40bps

Listing New Synths

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.

Risk warning:

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!

Join the Kwenta Community

If you haven't already, join the Kwenta community on Discord.

To learn more about how you can acquire a DAO role as a developer, marketer, governance contributor, or professional trader, visit our Documentation.

To be the first to learn about new updates to Kwenta, follow us on Twitter.

To trade synthetic assets and soon futures, visit Kwenta.

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