{"id":3855,"date":"2024-07-26T13:20:14","date_gmt":"2024-07-26T13:20:14","guid":{"rendered":"https:\/\/cryptd.in\/kwenta-and-perennial-kickstart-arbitrum-expansion-with-1-9m-arb\/"},"modified":"2024-07-26T13:20:14","modified_gmt":"2024-07-26T13:20:14","slug":"kwenta-and-perennial-kickstart-arbitrum-expansion-with-1-9m-arb","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/kwenta-and-perennial-kickstart-arbitrum-expansion-with-1-9m-arb\/","title":{"rendered":"Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB"},"content":{"rendered":"

[PRESS RELEASE \u2013 Grand Cayman, Cayman Islands, July 26th, 2024]<\/strong><\/p>\n

Kwenta<\/a>, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial<\/a> 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.<\/p>\n

Kwenta and Perennial\u2019s Expansion Strategy<\/strong><\/p>\n

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.<\/p>\n

Perennial\u2019s 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\u2019s premier trading interface with Perennial\u2019s 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\u2019s top-tier trading platform with Perennial\u2019s hyper-efficient trading infrastructure, delivering the best possible experience for traders.<\/p>\n

Incentive Program Details<\/strong><\/p>\n

The newly launched incentive program focuses on two main areas:<\/p>\n

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.
\nLiquidity Boosting: Liquidity providers will receive incentives to supply liquidity, ensuring deep and efficient markets.<\/p>\n

For more details on how to potentially earn rewards, users can visit Kwenta\u2019s Rewards Blog<\/a> for trading rewards details, or visit Perennial\u2019s Discord server<\/a> for information about rewards for providing liquidity.<\/p>\n

Team Insights<\/strong><\/p>\n

Burt Rock, Marketing Lead at Kwenta, highlighted how far onchain perps have come, stating, \u201cWe\u2019ve 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.\u201d<\/p>\n

Kevin Britz, CEO & Co-Founder at Perennial, added, \u201cKwenta has been a market leader in the perp vertical, regularly pushing over $100M in OI. We\u2019re 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\u2019s interface will lead to increased volume, deeper liquidity, and a CEX-level user experience.\u201d<\/p>\n

Future Outlook<\/strong><\/p>\n

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 perpetuals trading, making it more accessible and appealing to a wider audience.<\/p>\n

For more information, users can visit Kwenta\u2019s website<\/a> and Perennial\u2019s website<\/a>. Users can also read Perennial\u2019s launch announcement<\/a> for additional details.<\/p>\n

About Kwenta and Perennial<\/strong><\/p>\n

Kwenta<\/strong><\/a>:<\/strong> 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 perpetuals marketplace, a single app to compare and trade on multiple onchain venues.<\/p>\n

Perennial<\/strong><\/a>:<\/strong> Perennial is a pioneering DeFi liquidity layer that offers 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.<\/p>\n

The post Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Grand Cayman, Cayman Islands, July 26th, 2024] 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 […]<\/p>\n","protected":false},"author":0,"featured_media":3856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nKwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lt\/kwenta-and-perennial-kickstart-arbitrum-expansion-with-1-9m-arb\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"[PRESS RELEASE \u2013 Grand Cayman, Cayman Islands, July 26th, 2024] 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. 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