Kwenta, a well-known onchain perpetuals exchange on the Optimism network, has joined forces with Perennial to introduce a new collaborative product and incentive program on the Arbitrum network. This joint effort, supported by a significant 1.9 million ARB grant, is aimed at attracting fresh users and liquidity providers to Arbitrum and reigniting interest in onchain perpetuals trading.
Kwenta’s expansion to Arbitrum is part of a larger strategy to create a comprehensive marketplace for onchain perpetuals. By leveraging Perennial V2, an Arbitrum-native protocol that serves as an ultra-efficient liquidity layer for derivatives trading, Kwenta is looking to revitalize the AMM model for leveraged trading. The goal is to provide traders with a familiar and robust interface to engage with smart contract liquidity, ultimately enhancing the trading experience on Arbitrum.
The newly launched incentive program has two main components: trading rebates and liquidity boosting. Active traders will receive fee rebates to make trading more cost-effective, while liquidity providers will be incentivized to supply liquidity, ensuring deep and efficient markets on the platform. These incentives are designed to drive trading volume and retain users, creating a vibrant and sustainable trading ecosystem on Arbitrum.
Burt Rock, the Marketing Lead at Kwenta, emphasized the importance of maintaining decentralization while enhancing user experience in the onchain perps market. He highlighted the commitment to building decentralized apps that are both user-friendly and highly functional. Kevin Britz, CEO & Co-Founder at Perennial, expressed excitement about welcoming Kwenta to the Arbitrum network and expanding the reach of Perennial’s infrastructure. The collaboration between Kwenta and Perennial is expected to increase trading volume, deepen liquidity, and provide users with a top-notch trading experience.
Looking ahead, the partnership between Kwenta and Perennial represents a significant advancement in the evolution of onchain perpetuals trading. By combining their expertise in UX design and liquidity provision, the two platforms are set to deliver a decentralized trading experience that is efficient and accessible. This collaboration demonstrates how projects can work together to enhance services in the DeFi space, setting a new standard for onchain perpetuals trading.
For more information on the incentive program and the collaboration between Kwenta and Perennial, users can visit the respective websites of the two platforms. Additionally, users can access the Perennial launch announcement for further details on the partnership. As Kwenta expands its offerings to Arbitrum and Perennial continues to innovate in the DeFi space, the future of onchain perpetuals trading looks promising and full of opportunities for traders and liquidity providers alike.