A new market is now available for trading on Perennial: DOGE
The DOGE market will be accessible on Perennial and partnered frontends such as Kwenta. To celebrate this launch, ARB rewards are available for both traders and LPs participating in this market as part of the recent grant. More details on these rewards are provided below.
Trade the new DOGE market here.
DOGE Market Details
The new DOGE market is made possible by Pyth’s expansive selection of feeds that allow Perennial markets to operate at ultra-fast speeds.
- Maker/Taker Fees: 0.01% / 0.03%
- Min Collateral: 50 USDC
- Leverage: Up to 50x
- Min Maintenance: 0.80%
For detailed market parameters, please refer to: Perennial Market Details
ARB Rewards 💰
As part of the recent partnership with Kwenta and Arbitrum, 1.9 million ARB in incentives were allocated to traders and liquidity providers (LPs) of Perennial markets. The specifics of this ARB reward program are outlined in the announcement article here.
Trader Rewards: Traders on Kwenta can earn ARB rewards by actively trading Perennial’s new DOGE market.
Liquidity Provider Rewards: LPs in Perennial’s (currently selected) rewards program will also earn ARB rewards for providing liquidity to this new market. An allocated 2% of total LP rewards will be distributed to the DOGE market as part of this month’s reward distribution.
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