KWENTA

1. Project introduction

Kwenta is a decentralized derivatives trading platform, offering real-world and on-chain synthetic assets using the power of the Synthetix protocol.

Kwenta offers decentralized Perpetual Futures platform with:

(1) Leverage: Trade assets with up to 25x leverage.

(2) Near Instant Transactions: Having deployed Futures on Optimism, traders on Kwenta enjoy fast transactions and significantly reduced network gas fees.

(3) Liquidity: Achieving the same level of deep liquidity as centralized exchanges by using pooled liquidity made available by Synthetix.

(4) Assets: Starting with crypto and expanding to real-world assets.

(5) Advanced Orders: Get access to limit and stop market orders.

Although Futures is the flagship offering of Kwenta, easy swaps of assets similar to the likes of 1inch and Uniswap are possible on Kwenta. Swapping offers a convenient, simple and secure way to facilitate token and synth asset exchanges without the use of a CEX. Users can take care of all their token swaps directly on Kwenta with the 1inch integration.

2. Team introduction

SNX Team

3. Application and distribution

Token application:

The Kwenta token (KWENTA) will be used to incentivize coordination and growth within the Kwenta DAO. It will have two primary functions: (a) Staking and (b) Governance.

Token distribution:

Synthetix Stakers: 30%

Early Synth Traders: 5%

Investment: 5%

Community Growth Fund: 25%

Core Contributors: 15%

Kwenta Treasury: 20%