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GRAND CAYMAN, Cayman Islands, July 26th, 2024/Chainwire/--Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial to launch a new joint product and incentive program on the Arbitrum network. This initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum and spark renewed interest in onchain perpetuals trading. Kwenta And Perennial’s Expansion Strategy Kwenta, known for being a UX layer for perps trading on Optimism and Base, is expanding its reach to Arbitrum in a bid to build a comprehensive marketplace for onchain perpetuals. This move is facilitated by Perennial V2, an Arbitrum-native protocol designed to be a hyper-efficient liquidity layer for derivatives trading. The joint initiative is designed to revitalize the popular AMM model for leveraged trading by providing traders with a powerful, familiar interface to interact with smart contract liquidity. Perennial’s vision is to create a single, global liquidity layer where all markets, all chains, and all liquidity converge into one decentralized nexus. By integrating Kwenta’s premier trading interface with Perennial’s advanced perps infrastructure, users on Arbitrum will benefit from an optimized trading experience. Trade orders on selected Kwenta markets will be seamlessly routed through Perennial, ensuring efficiency and reliability. This collaboration combines Kwenta's top-tier trading platform with Perennial’s hyper-efficient trading infrastructure, delivering the best possible experience for traders. Incentive Program Details The newly launched incentive program focuses on two main areas: Trading Rebates: Active traders will benefit from substantial fee rebates, making it more cost-effective to trade on the platform. This initiative is expected to drive trading volume and retain users. Liquidity Boosting: Liquidity providers will receive incentives to supply liquidity, ensuring deep and efficient markets. For more details on how to potentially earn rewards, users can visit Kwenta's Rewards Blog for trading rewards details, or visit Perennial’s Discord server for information about rewards for providing liquidity. Team Insights Burt Rock, Marketing Lead at Kwenta, highlighted how far onchain perps have come, stating, “We’ve seen a lot of new perpetuals markets focused on improving the user experience, but most are making huge sacrifices in terms of decentralization. We want to show people you really can build decentralized apps which are incredible to use, and even better than offchain versions.”Kevin Britz, CEO & Co-Founder at Perennial, added, "Kwenta has been a market leader in the perp vertical, regularly pushing over $100M in OI. We're excited to welcome them to our home on Arbitrum and expand the number of teams leveraging Perennial infrastructure. In a saturated perps landscape, combining our protocol with Kwenta’s interface will lead to increased volume, deeper liquidity, and a CEX-level user experience." Future Outlook The introduction of this incentive program represents a crucial step in the evolution of Kwenta and Perennial. With Kwenta concentrating on the UX and frontend aspects of trading and Perennial focusing on providing a robust liquidity layer, the collaboration is set to offer a decentralized trading experience that is both highly efficient and user-friendly. This model of specialization showcases how projects can synergize to deliver superior services in the DeFi space. The combined expertise of Kwenta and Perennial promises to elevate the standard of onchain perpetual trading, making it more accessible and appealing to a wider audience. For more information, users can visit Kwenta’s website and Perennial’s website. Users can also read Perennial’s launch announcement for additional details. About Kwenta And Perennial Kwenta: As a leading platform for derivatives trading, Kwenta has facilitated over $50 billion in volume on Optimism and Base. The platform is expanding to Arbitrum to launch its perpetual marketplace, a single app to compare and trade on multiple onchain venues. Perennial: Perennial is a pioneering DeFi liquidity layer that offers a hyper-efficient infrastructure for a variety of trading applications. Its modular and efficient design supports customized markets, leveraging fast execution and capital efficiency to power DeFi apps. Contacts Burt Rock Kwenta burt@kwenta.io Lucas Terry Perennial lucas@perennial.finance This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. GRAND CAYMAN, Cayman Islands, July 26th, 2024/Chainwire/--Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial to launch a new joint product and incentive program on the Arbitrum network. This initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum and spark renewed interest in onchain perpetuals trading. Kwenta And Perennial’s Expansion Strategy Kwenta, known for being a UX layer for perps trading on Optimism and Base, is expanding its reach to Arbitrum in a bid to build a comprehensive marketplace for onchain perpetuals. This move is facilitated by Perennial V2, an Arbitrum-native protocol designed to be a hyper-efficient liquidity layer for derivatives trading. The joint initiative is designed to revitalize the popular AMM model for leveraged trading by providing traders with a powerful, familiar interface to interact with smart contract liquidity. Perennial’s vision is to create a single, global liquidity layer where all markets, all chains, and all liquidity converge into one decentralized nexus. By integrating Kwenta’s premier trading interface with Perennial’s advanced perps infrastructure, users on Arbitrum will benefit from an optimized trading experience. Trade orders on selected Kwenta markets will be seamlessly routed through Perennial, ensuring efficiency and reliability. This collaboration combines Kwenta's top-tier trading platform with Perennial’s hyper-efficient trading infrastructure, delivering the best possible experience for traders. Incentive Program Details The newly launched incentive program focuses on two main areas: Trading Rebates: Active traders will benefit from substantial fee rebates, making it more cost-effective to trade on the platform. This initiative is expected to drive trading volume and retain users. Trading Rebates: Active traders will benefit from substantial fee rebates, making it more cost-effective to trade on the platform. This initiative is expected to drive trading volume and retain users. Liquidity Boosting: Liquidity providers will receive incentives to supply liquidity, ensuring deep and efficient markets. Liquidity Boosting: Liquidity providers will receive incentives to supply liquidity, ensuring deep and efficient markets. For more details on how to potentially earn rewards, users can visit Kwenta's Rewards Blog for trading rewards details, or visit Perennial’s Discord server for information about rewards for providing liquidity. Kwenta's Rewards Blog Kwenta's Rewards Blog Perennial’s Discord server Perennial’s Discord server Team Insights Burt Rock, Marketing Lead at Kwenta, highlighted how far onchain perps have come, stating, “We’ve seen a lot of new perpetuals markets focused on improving the user experience, but most are making huge sacrifices in terms of decentralization. Burt Rock, Marketing Lead at Kwenta, highlighted how far onchain perps have come, stating, “We’ve seen a lot of new perpetuals markets focused on improving the user experience, but most are making huge sacrifices in terms of decentralization. We want to show people you really can build decentralized apps which are incredible to use, and even better than offchain versions.”Kevin Britz, CEO & Co-Founder at Perennial, added, "Kwenta has been a market leader in the perp vertical, regularly pushing over $100M in OI. We're excited to welcome them to our home on Arbitrum and expand the number of teams leveraging Perennial infrastructure. In a saturated perps landscape, combining our protocol with Kwenta’s interface will lead to increased volume, deeper liquidity, and a CEX-level user experience." We want to show people you really can build decentralized apps which are incredible to use, and even better than offchain versions.”Kevin Britz, CEO & Co-Founder at Perennial, added, "Kwenta has been a market leader in the perp vertical, regularly pushing over $100M in OI. We're excited to welcome them to our home on Arbitrum and expand the number of teams leveraging Perennial infrastructure. In a saturated perps landscape, combining our protocol with Kwenta’s interface will lead to increased volume, deeper liquidity, and a CEX-level user experience." Future Outlook The introduction of this incentive program represents a crucial step in the evolution of Kwenta and Perennial. With Kwenta concentrating on the UX and frontend aspects of trading and Perennial focusing on providing a robust liquidity layer, the collaboration is set to offer a decentralized trading experience that is both highly efficient and user-friendly. This model of specialization showcases how projects can synergize to deliver superior services in the DeFi space. The combined expertise of Kwenta and Perennial promises to elevate the standard of onchain perpetual trading, making it more accessible and appealing to a wider audience. For more information, users can visit Kwenta’s website and Perennial’s website . Users can also read Perennial’s launch announcement for additional details. Kwenta’s website Kwenta’s website Perennial’s website Perennial’s website Perennial’s launch announcement Perennial’s launch announcement About Kwenta And Perennial Kwenta : As a leading platform for derivatives trading, Kwenta has facilitated over $50 billion in volume on Optimism and Base. The platform is expanding to Arbitrum to launch its perpetual marketplace, a single app to compare and trade on multiple onchain venues. Kwenta Kwenta Perennial : Perennial is a pioneering DeFi liquidity layer that offers a hyper-efficient infrastructure for a variety of trading applications. Its modular and efficient design supports customized markets, leveraging fast execution and capital efficiency to power DeFi apps. Perennial Perennial Contacts Burt Rock Kwenta burt@kwenta.io Lucas Terry Perennial lucas@perennial.finance This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Kwenta And Perennial: How They Are Kickstarting the Arbitrum Expansion With 1.9M ARB

Kwenta এবং বহুবর্ষজীবী: কিভাবে তারা 1.9M ARB দিয়ে আরবিট্রাম সম্প্রসারণ শুরু করছে

Kwenta und Perennial: Wie sie die Arbitrum-Expansion mit 1,9 Mio. ARB ankurbeln

Kwenta y Perennial: cómo están impulsando la expansión de Arbitrum con 1,9 millones de ARB

Kwenta et Perennial : comment ils lancent l'expansion d'Arbitrum avec 1,9 million d'ARB

क्वेंटा और पेरेनियल: कैसे वे 1.9M ARB के साथ आर्बिट्रम विस्तार को गति दे रहे हैं

Kwenta と Perennial: 190 万 ARB で Arbitrum の拡大を加速させる方法

Kwenta와 Perennial: 190만 ARB로 Arbitrum 확장을 시작하는 방법

Kwenta e Perennial: como estão iniciando a expansão da Arbitrum com 1,9 milhão de ARB

Kwenta и Perennial: как они запускают расширение Arbitrum с помощью 1,9 млн ARB

Kwenta ve Perennial: 1,9 Milyon ARB ile Arbitrum Genişlemesini Nasıl Başlatıyorlar?

Kwenta và Perennial: Họ đang khởi động việc mở rộng Arbitrum với 1,9 triệu ARB như thế nào

Kwenta 和 Perennial：如何利用 190 万 ARB 启动 Arbitrum 扩张

GRAND CAYMAN, Cayman Islands, July 9th, 2024/Chainwire/--In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta's initial expansion to the Arbitrum network. Product Offerings from GMX and Gains NeNetwork GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta's platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions. GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders. Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets. Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts. This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application. Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum. About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.For more details, users can follow Kwenta's governance discussion channels on Discord. Contact MarketingDAO PM Burt Rock Kwenta info@kwenta.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here GRAND CAYMAN, Cayman Islands, July 9th, 2024/Chainwire/--In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta's initial expansion to the Arbitrum network. Product Offerings from GMX and Gains NeNetwork GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta's platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions. GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders. Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets. Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts. This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application. Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum. About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.For more details, users can follow Kwenta's governance discussion channels on Discord. Contact MarketingDAO PM Burt Rock Kwenta info@kwenta.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Kwenta Receives Proposals To Integrate GMX And Gains Network Into Perpetuals Marketplace

Kwenta GMX একীভূত করার প্রস্তাব পেয়েছে এবং চিরস্থায়ী মার্কেটপ্লেসে নেটওয়ার্ক লাভ করেছে

Kwenta erhält Angebote zur Integration von GMX und gewinnt Netzwerk in Perpetuals Marketplace

Kwenta recibe propuestas para integrar GMX y gana red en el mercado perpetuo

Kwenta reçoit des propositions pour intégrer GMX et gagne du réseau dans le marché perpétuel

क्वेंटा को GMX को एकीकृत करने और पर्पेचुअल्स मार्केटप्लेस में नेटवर्क हासिल करने के प्रस्ताव प्राप्त हुए

クウェンタはGMXを統合する提案を受け、永久債マーケットプレイスにネットワークを獲得

Kwenta는 GMX를 통합하고 Perpetuals Marketplace에 네트워크를 확보하라는 제안을 받았습니다.

Kwenta recebe propostas para integrar GMX e ganha rede no mercado perpétuo

Kwenta получает предложения по интеграции сети GMX и Gains в рынок бессрочных контрактов

Kwenta, GMX'i Entegre Etmek ve Ağı Sürekli Piyasaya Kazandırmak İçin Teklifler Aldı

Kwenta nhận được đề xuất tích hợp GMX và tăng mạng lưới vào thị trường Perpetuals

Kwenta 收到整合 GMX 和获得网络进入永久资产市场的提案

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