Kwenta is thrilled to share that 8 new perps have been added to its list of assets eligible for trading. This expansion is available on Kwenta through Perps V3 on Base, following the approval of SIPs SIP-396 with configurable values set by SCCP-358.

Kwenta operates as a decentralized and composable exchange onchain, offering access perpetual futures contracts on Arbitrum Optimism and Base. Enabling users to trade a wide range of derivatives.

Trading for these new V3 Markets has now been enabled on:

Fees can and will vary depending on the asset, and the newest fees can be found directly on the UI.

📝 - Contract Specc

EIGEN - PERP

• Max Market Value: $1,000,000

• Initial Margin Ratio: 0.91

• Minimum Initial Margin Ratio: 5

• Skew Scale: 4,000,000

IO - PERP

• Max Market Value: $1,000,000

• Initial Margin Ratio: 0.694

• Minimum Initial Margin Ratio: 5%

• Skew Scale: 400,000,000

MEW - PERP

• Max Market Value: $1,000,000

• Initial Margin Ratio: 1.597

• Minimum Initial Margin Ratio: 5%

• Skew Scale: 166,500,000

NOT - PERP

• Max Market Value: $1,000,000

• Initial Margin Ratio: 1.14

• Minimum Initial Margin Ratio: 5%

• Skew Scale: 2,250,000

PEOPLE - PERP

• Max Market Value: $1,000,000

• Initial Margin Ratio: 2.403

• Minimum Initial Margin Ratio: 5%

• Skew Scale: 322,500,000

RENDER - PERP

• Max Market Value: $1,000,000

• Initial Margin Ratio: 1.467

• Minimum Initial Margin Ratio: 5%

• Skew Scale: 8,000,000

SATS - PERP

• Max Market Value: $1,000,000

• Initial Margin Ratio: 0.907

• Minimum Initial Margin Ratio: 5%

• Skew Scale: 20,000,000

ZRO - PERP

• Max Market Value: $50,000

• Initial Margin Ratio: 1.037

• Minimum Initial Margin Ratio: 5%

• Skew Scale: 1,875,000,000

Perps markets will share the following configurations:

• TakerFeeRatio: 10 bp

• MakerFeeRatio: 0 bp

• maxFundingVelocity: 9

• flagRewardRatio: 3 bp

• minimumPositionMargin: 50

• lockedOiRatio: 0.5

• maxLiquidationLimitMultiplier: 1.5

• maxLiquidationPD: 5 bp

• endorsedLiquidator: "0x11233749514Ab8d00C0A5873DF7428b3db70030f"

Risk warning:

Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. Demand, liquidity, and volatility drive the selection process for adding new markets. Trading is subject to high market risk. Please make your trades cautiously. We make best efforts to choose high-quality coins but will not be responsible for trading losses. Thanks for your support!

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To trade synthetic assets and futures, visit Kwenta.