Dear Traders,

Kwenta is ecstatic to announce that XRP, DOT, FLOKI, INJ, PEPE, SUI, and BLUR are joining the growing list of supported cryptocurrencies 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 50x leverage on selected pairs. 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:

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

📝Contract Specs

XRP-PERP

• Max Market Value: 10,000,000 XRP

• Maker/Taker Fees: 2/8 bps

• Skew Skale: 750,000,000

• LiquidationBufferRatio: 100 bps

DOT-PERP

• Max Market Value: 300,000 DOT

• Maker/Taker Fees: 2/8 bps

• Skew Skale: 30,000,000

• LiquidationBufferRatio: 100 bps

FLOKI-PERP

• Max Market Value: 10,000,000,000 FLOKI

• Maker/Taker Fees: 2/10 bps

• Skew Skale: 200,000,000,000

• LiquidationBufferRatio: 125 bps

INJ-PERP

• Max Market Value: 200,000 INJ

• Maker/Taker Fees: 2/10 bps

• Skew Skale: 6,275,000

• LiquidationBufferRatio: 125 bps

PEPE-PERP

• Max Market Value: 600,000,000,000 PEPE

• Maker/Taker Fees: 2/10 bps

• Skew Skale: 37,000,000,000,000

• LiquidationBufferRatio: 125 bps

SUI-PERP

• Max Market Value: 1,000,000 SUI

• Maker/Taker Fees: 2/10 bps

• Skew Skale: 60,000,000

• LiquidationBufferRatio: 125 bps

BLUR-PERP

• Max Market Value: 1,750,000 BLUR

• Maker/Taker Fees: 2/10 bps

• Skew Skale: 17,000,000

• LiquidationBufferRatio: 125 bpp

Aside from the above, the perps markets will share the following configurations:

• Expiry: Perpetual

• Leverage: 25

• Funding: The Funding Rate applies to open positions on Perpetual Futures contracts.

• liquidationPremiumMultiplier: 3

• offchainDelayedOrderMinAge: 15 seconds

• offchainDelayedOrderMaxAge: 120 seconds

• maxFundingVelocity: 9

• offchainPriceDivergence: 2%

• maxLiquidationDelta: maker+taker offchain fees

• maxPD: maxLiquidationDelta * 2

Risk warning:

Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. The selection process for adding new markets is driven by demand, liquidity, and volatility. 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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