Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB

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
perpetuals
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

KwentaKwenta”>

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
perpetuals
marketplace,
a
single
app
to
compare
and
trade
on
multiple
onchain
venues.

PerennialPerennial”>

Perennial:
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.

Contacts

Burt
Rock
Kwenta
[email protected]
Lucas
Terry
Perennial
[email protected]