Hello Traders,
Kwenta is excited to share the addition of UMA & ZRX futures markets 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 50x leverage for makers and takers. Trading for these new markets have now been enabled and are live at:
The prices 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: $UMA
Open Interest (OI) Cap: 40,000 UMA
Maker/Taker Fees: 2/10 bps
Skew Skale: 3,700,000
The Funding Rate applies to open positions on Perpetual Futures. A positive rate means longs pay shorts, and a negative rate means shorts pay longs.
Underlying Asset: $ZRX
Open Interest (OI) Cap: 2,250,000 ZRX
Maker/Taker Fees: 2/10 bps
Skew Skale: 40,000,000
The Funding Rate applies to open positions on Perpetual Futures. A positive rate means longs pay shorts, and a negative rate means shorts pay longs.
maxLeverage: 25x
liquidationBufferRatio: 150 bp
liquidationPremiumMultiplier: 3
offchainDelayedOrderMinAge: 15 seconds
offchainDelayedOrderMaxAge: 120 seconds
maxFundingVelocity: 36
maxLiquidationDelta: maker+taker offchain fees
maxPD: maxLiquidationDelta * 2
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.
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To trade synthetic assets and futures, visit Kwenta.