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:
The $APE-PERP, and $DYDX-PERP prices will be set via decentralized Chainlink oracles, and the base exchange fee for these newly listed synths will be set at 100 bps. Fees can and will vary depending on the asset, and the newest Futures Fees can be found in the Kwenta docs.
Kwenta Futures is still in public beta, and markets included in this release carry low open interest caps set at 2M per market. Synthetix is looking to quickly optimize these new markets to respectively lower and raise necessary parameters via governance.
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. For more on listing requirements, take a look at SIP-211.
There are a few steps to get started:
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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To trade synthetic assets and soon futures, visit Kwenta.