Original author:vanillacream.eth, encrypted KOL

Original Compilation: Felix, PANews

Original Compilation: Felix, PANews

Transaction fees hit a new high, why does Kwenta, a quick glance at the derivatives trading platform, become popular?

What is Kwenta

Kwenta is a decentralized derivatives trading platform powered by Synthetix. Kwenta traders can trade against the Synthetix debt pool, which consists of sUSD provided by SNX stakers.

Synthetix Perp V2

V2, the debut of Synthetix, improves uncapped open interest, asset compatibility, and execution fees with a new off-chain oracle system and an adjusted funding rate mechanism. Helps increase transaction volume and transaction fees on Kwenta, the front-end for Synthetix Perps (derivatives). Let's take a deeper look at Perp V2.

• Perps V2 is an upgraded version of Synthetix designed to reduce gas fees, improve scalability and capital efficiency. This upgrade includes 2 major updates to revolutionize the trading experience:

• new charging model

Faster oracles

new charging model

Unlike traditional funding fees on centralized exchanges, funding fees in Perps V2 dynamically adjust over time to incentivize a balance between short and long positions. Make sure traders pay or receive funds fairly based on market demand and supply.

Faster oracles

• Perps V2 introduces a new kind of oracle, the Pyth Network's oracle, which offers a range of advantages over Wormhole data transmission. These advantages include:

• More real-time oracle price feed

Eliminate front-running and arbitrage opportunities

index

Transaction fees hit a new high, why does Kwenta, a quick glance at the derivatives trading platform, become popular?

renew

Over the next few months, there will be 2 major updates:

1) Integrate Lyra partnership

• 2) UI updates, including:

• Stop/Limit Orders

• Brand new trading interface