Hello, again, Traders
Kwenta is ecstatic to announce that $WLD (World Coin) is joining the growing list of supported cryptocurrencies, commodities, and forex pairs available for 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 various crypto and non-crypto-asset derivatives.
Trading for this new market has now been enabled and is live at:
The $WLD price 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.
Settlement Asset: $sUSD
Open Interest (OI) Cap: 650k WLD
Maker/Taker Fees: 2/10 bps
Skew Skale: 20,000,000
LiquidationBufferRatio: 150 bps
LiquidationPremiumMultiplier: 3
Liquidation Price: The stETH Chainlink oracle price
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.
maxFundingVelocity: 3600%
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.