A new market is now available for trading on Perennial: MKR
The MKR market will be accessible on Perennial and partnered frontends such as Kwenta. To celebrate this launch, we are providing ARB rewards for both traders and LPs participating in this market as part of the recent ARB grant. More details on these rewards are provided below.
MakerDAO is the creator of the Maker Protocol, an open-source, Ethereum-based platform that generates the Dai stablecoin — one of the most widely used assets in the defi ecosystem. MakerDAO’s governance token ‘MKR’ is a familiar face to many in the space, so we’re excited to list it for trading with up to 25x in leverage.
Trade the new MKR market here.
MKR Market Details
The new MKR 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 25x
- 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 MKR 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 MKR market as part of this month’s reward distribution.
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