Kwenta is thrilled to share that $TAO, $LINK, $GMX, $INJ, $AXL, $SUI, $ETHFI, $TIA, $STX, $ARKM, $TON, $PENDLE, $GALA, $BOME 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-370, SIP-372, SIP-375, SIP-379, SIP-380 with configurable values set by SCCP-327.

NOTE:* V3 currently supports a maximum of four open positions per account!*

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

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

v3.kwenta.iov3.kwenta.io

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

📝 - Contract Specc

LINK - PERP

  • Max Market Value: $1,000,000
  • Initial Margin Ratio: 2.89
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.37
  • Skew Scale: 16,250

PENDLE - PERP

  • Max Market Value: $250,000
  • Initial Margin Ratio: 2.45
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.37
  • Skew Scale: 3,000,000

INJ - PERP

  • Max Market Value: $250,000
  • Initial Margin Ratio: 1.31
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.46
  • Skew Scale: 750,000

GMX**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 1.27
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.44
  • Skew Scale: 120,000

TIA**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 2.24
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.46
  • Skew Scale: 750,000

SUI**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 1.96
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.34
  • Skew Scale: 27,500,000

TON**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 2.89
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.37
  • Skew Scale: 4,000,000

ARKM**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 4.43
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.44
  • Skew Scale: 5,500,000

GALA**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 1.29
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.35
  • Skew Scale: 750,000,000

TAO**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 2.89
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.37
  • Skew Scale: 16,250

BOME**- PERP**

  • Max Market Value: $500,000
  • Initial Margin Ratio: 1.44
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.38
  • Skew Scale: 1,875,000,000

ETHFI**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 2.12
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.38
  • Skew Scale: 5,600,000

STX**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 2.61
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.43
  • Skew Scale: 7,500,000

AXL**- PERP**

  • Max Market Value: $250,000
  • Initial Margin Ratio: 2.85
  • Minimum Initial Margin Ratio: 5%
  • Maintenance Margin Scalar: 0.34
  • Skew Scale: 3,375,000

Perps markets will share the following configurations:

  • MakerFeeRatio: 2 bp
  • TakerFeeRatio: 10 bp
  • maxFundingVelocity: 36
  • flagRewardRatio: 3 bp
  • minimumPositionMargin: 50 snxUSD
  • 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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