Note: The Kinetix V2 Perpetual Exchange will initially launch its alpha version, which will support limited functionality. In order to limit systemic risk, only whitelisted addresses will be able to LP, and users will be able to trade with limited position sizes until the audit process is complete.
With a major token launch, airdrop, and Strategy Hub all in the works, getting finishing touches, and slated for Q1 arrivals, Kinetix has yet another exciting development to deliver: the Kinetix Perpetual Exchange V2. Presently the most popular and active platform in the Kinetix DeFi hub in terms of Total Value Locked (TVL), total volume, and fees generated, Kinetix’s Perpetual Exchange has been a major hit in the Kava DeFi scene following its August 2023 launch.
In the weeks and months since, Kinetix wasted no time resting on its laurels. To the contrary, Kinetix spent the last six months listening to users, traders, and DeFi gurus that have been trading Kinetix’s perpetual contracts, as well as LPing for KLP. The overwhelming majority of the feedback Kinetix received has communicated much of the same: that Kinetix’s perps and platforms are second-to-none, but that there is still room for improvement.
In the neverending quest for perfection, Kinetix put its technical know-how to the test to augment the most in-demand features, enhance user experience even further, and of course, cut down those pesky perpetuals fees. The Kinetix Perpetual Exchange V2 is not a cosmetic makeover nor a rebrand — it’s a powerful upgrade that keeps all the best of what makes perps exciting, while removing every pain point possible and expanding what is available to each and every user that arrives on the platform.
Without further ado: the Kinetix Perpetual Exchange V2.
Assets and Leverage
First and foremost, the Kinetix Perpetual Exchange V2 gives users more of what they want most: assets and leverage. In this version of Kinetix perps, users will be able to access not only a wider expanse of crypto trading pairs, but brand new traditional asset exposure as well. Perpetual contracts sourcing price feeds from forex assets, commodities, and globally leading indices will now be only a few clicks away for Kinetix users.
And of course, what would perpetual contracts be like without leverage? The original version of the Kinetix Perpetual Exchange supported up to 50x leverage for both long and short positions — a significant opportunity to leverage external capital. Still, users from the Kinetix community and beyond have made their voices heard. To address user demand, the Kinetix Perpetual Exchange V2 will support up to 100x leverage.
As always, users should exercise caution and responsibility in managing risk. Kinetix’s free educational resources are available to all who want to develop a deeper understanding of perpetual contracts and platform operations.
Orders: Have it Your Way
In addition to a wider expanse of assets and increased leverage, the Kinetix Perpetual Exchange V2 will offer users critical tools for managing their positions. New order types will allow users to place stop losses, trailing stops, and take profits on all of their open positions.
New order types allow users to better manage risk, hedge existing positions with greater confidence, and execute more precise exits — especially in the presence of sharp market movements that do not allow for precise manual operations.
Automated orders are key features in spot markets, and they play even more significant roles in the high-risk territory of perpetual contracts
Fees: Dynamic and Lower
Finally, those all-important fees. There isn’t a user in the world that likes to see fees anywhere other than absolute zero — well, except for margin traders, that is! The Kinetix Perpetual Exchange V2 not only features lower fees on a series of assets and trading pairs; it also delivers fairer, more precise fees to users. On the platform, margin fees are now called “Dynamic Margin Fees”, which simply means that they vary and can carry either negative or positive funding fees depending on market conditions and platform activity.
With positive funding fees, a user can balance his or her open interest by opening a position for which he or she will receive income for the duration of the time that the funding fee remains positive.
Here’s the bottom line: Kinetix perps are about to get real. By dedicating unrelenting attention to in-demand features, user experience, and fee modeling, Kinetix is bringing a superior platform to market that is going to leave the rest of the perpetuals scene in the past. As a project principally committed to operating at the bleeding edge of DeFi innovation, Kinetix is pleased and honored to continue pushing the boundaries of the decentralized financial revolution.
Hungry for more on Kinetix? The Kinetix community would love to hear your feedback and offer support while you’re using Kinetix. Join the discussion via the social links below or visit the Kinetix website to find out more. If you are interested in partnering with Kinetix, email: socials@kinetix.finance
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