Kwenta, a popular onchain perpetuals exchange on the Optimism network, has joined forces with Perennial to introduce a new joint product and incentive program on the Arbitrum network. The goal of this collaboration, supported by a generous grant of 1.9 million ARB, is to attract more users and liquidity providers to Arbitrum and reignite interest in onchain perpetuals trading.
Expanding Reach to Arbitrum
Kwenta, recognized for its user-friendly interface for perps trading on Optimism and Base, is now expanding its operations to Arbitrum to create a comprehensive marketplace for onchain perpetuals. This expansion is made possible through Perennial V2, an Arbitrum-native protocol that serves as an efficient liquidity layer for derivatives trading. By combining Kwenta’s premier trading interface with Perennial’s advanced perps infrastructure, users on Arbitrum can expect an optimized trading experience. The seamless integration of these platforms ensures efficiency and reliability for traders.
Incentive Program Details
The newly launched incentive program focuses on two key areas:
Trading Rebates: Active traders will enjoy significant fee rebates, making trading on the platform more cost-effective and attractive. This initiative is designed to increase trading volume and retain users.
Liquidity Boosting: Liquidity providers will receive incentives to supply liquidity, ensuring deep and efficient markets for trading.
For more information on how to earn rewards through the incentive program, users can visit Kwenta’s Rewards Blog for trading rewards details or join Perennial’s Discord server for information on liquidity rewards.
Insights from the Team
Burt Rock, Marketing Lead at Kwenta, emphasized the importance of decentralized apps in improving user experience while maintaining decentralization. He mentioned, “We want to show people that you can build decentralized apps that are not only easy to use but also better than their traditional counterparts.”
Kevin Britz, CEO & Co-Founder at Perennial, expressed excitement about partnering with Kwenta and expanding the usage of Perennial infrastructure on Arbitrum. He mentioned, “Combining our protocol with Kwenta’s interface will lead to increased trading volume, deeper liquidity, and a user experience comparable to centralized exchanges.”
Future Prospects
The introduction of this incentive program marks a significant milestone for Kwenta and Perennial. With Kwenta focusing on user experience and frontend aspects of trading, and Perennial providing a robust liquidity layer, the collaboration aims to offer a decentralized trading experience that is both efficient and user-friendly. This partnership demonstrates how projects can work together to enhance services in the DeFi space. The combined expertise of Kwenta and Perennial is expected to raise the standard of onchain perpetuals trading, making it more accessible and appealing to a broader audience.
For more information about Kwenta and Perennial, users can visit their respective websites. Additionally, users can refer to Perennial’s launch announcement for additional insights.
About Kwenta and Perennial
Kwenta: A prominent platform for derivatives trading, Kwenta has facilitated over $50 billion in volume on Optimism and Base. The platform’s expansion to Arbitrum aims to provide a seamless experience for comparing and trading on multiple onchain venues.
Perennial: A leading DeFi liquidity layer, Perennial offers efficient infrastructure for various trading applications. Its modular design supports customized markets, enabling fast execution and capital efficiency for DeFi apps.
For any inquiries, please contact:
Burt Rock
Kwenta
[email protected]
Lucas Terry
Perennial
[email protected]