Kwenta Live on Arbitrum — Powered by Perennial
It’s a great day to be an Arbinaut 👨🚀
Kwenta has officially landed on Arbitrum, powered by Perennial, with 1.9 million ARB in incentives available for traders and liquidity providers (LPs).
Kwenta is DeFi’s perps powerhouse, leading in trading volume on both Optimism and Base, and accounting for approximately 10% of DeFi’s total perps volume. Now, Kwenta and Perennial are bringing the ultimate perps experience to Arbitrum.
This launch highlights the growth of Perennial’s network of protocols plugging into the hyper-efficient perps infrastructure. With an on-chain, composable toolset, Perennial ensures seamless integration and liquid markets for all.
Let’s dive in. For more in-depth details of the integration and ARB incentives, see the proposal here.
For Perennial LPs: What This Means
Liquidity providers on Perennial will access significant rewards as part of the 1.9M ARB grant. A total of 627,000 ARB (~$440k) is allocated directly to the Perennial LP program over the next three months.
As part of this initiative, we are collaborating with professional liquidity providers and market makers aligned with Perennial. Perennial’s leveraged market-making feature creates an extremely capital-efficient environment. However, this also comes with increased risks and a greater need for robust risk management strategies.
If you’re an experienced liquidity provider interested in joining this program, express your interest here.
The markets available for ARB incentives for LPs and their respective allocations for month one of the LP reward program are as follows:
- ETH = 35%
- BTC = 35%
- SOL = 10%
- BNB = 10%
- ETH² = 5%
- BTC² = 5%
Please note: These allocations are subject to change for future reward epochs.
For Kwenta Traders: What This Means
Kwenta’s launch on Arbitrum brings a top-tier trading interface, frequently praised as the best perps user experience in DeFi. Here’s how traders can benefit:
ARB Rewards for Active Traders
As part of the 1.9M ARB grant, 66.6% will be allocated directly to active traders on Kwenta. These 1.26M ARB rewards will be distributed only to traders of Perennial-powered markets and will be claimable via the Kwenta app. All trades made on the selected markets will earn ARB rewards. These rewards are based on users’ trading volume, so the more you trade, the more ARB you earn!
Kwenta Rewards — Coming Soon
Traders on Kwenta will also earn KWENTA via the upcoming in-house Kwenta trading incentive program. This program will allocate weekly rewards to traders based on proportional trading volume. Find out more here.
For more information about Kwenta
- Visit Kwenta on X.
- Join the Kwenta Discord.
- Read Kwenta’s launch announcement on Mirror.
How Perennial is Powering Kwenta 🧠
Perennial envisions a single, global liquidity network. One where all markets, all chains, and all liquidity converge into one comprehensive, decentralized nexus. This vision aims to unite the fragmented liquidity across DeFi, fostering a more efficient ecosystem. Today’s launch is a significant step in expanding this network, as we integrate a market leader with Perennial’s composable toolset.
Kwenta’s launch on Arbitrum allows users to benefit from a premier trading interface while leveraging Perennial’s advanced derivatives infrastructure. Trade orders on selected Kwenta markets are seamlessly routed through Perennial, creating an optimal experience for traders. This integration is designed to enhance the user experience by combining Kwenta’s top-tier trading platform with Perennial’s hyper-efficient trading infrastructure.
Key Benefits for Kwenta Users
Kwenta users on Arbitrum will enjoy several benefits from Perennial’s infrastructure:
- Faster Oracles: Perennial utilizes low-latency oracles, reducing the lag between order submission and execution from minutes to seconds. This ensures rapid trade updates and execution thanks to Pyth’s On-demand Oracle system.
- Cheaper Fees: Perennial offers trading fees comparable to those of centralized exchanges, enabling traders to benefit from lower costs.
- Deeper Liquidity (Better Capital Efficiency): Perennial combines separate Long and Short markets into a single, netted market per asset, significantly improving capital efficiency. This model enables deeper liquidity with a fraction of the required TVL, optimizing leverage for makers.
For more detailed insights into Perennial’s advantages, you can read more here.
What’s Next? 🌸
Kwenta and Perennial are committed to the growth of Arbitrum’s ecosystem, deeply aligning with its core principles and future outlook. Several other prominent DeFi projects have already integrated into the Perennial network, building on top of our protocol infrastructure. This momentum is set to continue with new partnerships on the horizon.
Some of the key integrations include:
- Siren: Options protocol using Perennial as a core on-chain hedging venue.
- Cryptex: Utilized Perennial infrastructure to launch proprietary market indices, the only protocol enabling this.
- Liqui: Employs delta-neutral AMM LP’ing using power perps to hedge.
- Astaria: Integrating Astaria’s price oracles to power NFT perp markets, starting with collections like Miladys, Remilios, Pudgy Penguins, and BAYC.
- RageTrade: An aggregator building on Perennial for deeper liquidity and market expansion.
- Kwenta (NEW): The first derivatives integration on Arbitrum.
Looking ahead, Perennial aims to introduce a range of new markets, including meme coins, commodities, and exotic real-world assets (RWAs). These initiatives will be complemented by major infrastructure upgrades and new community programs designed to enhance user experience and engagement.
Stay tuned for more exciting updates as Kwenta and Perennial continue to innovate and expand within the Arbitrum ecosystem.
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