Kwenta and Perennial Partner to Launch New Joint Product and Incentive Program on Arbitrum Network

Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial to launch a new joint product and incentive program

DeFi derivatives exchange Kwenta has partnered with Arbitrum-based decentralized derivatives protocol Perennial to launch a joint product and incentive program on Arbitrum.

The initiative, supported by a 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum and spark renewed interest in onchain perpetuals trading.

Kwenta, a UX layer for perps trading on Optimism and Base, is expanding to Arbitrum to build a comprehensive marketplace for onchain perpetuals.

This move is enabled by Perennial V2, an Arbitrum-native protocol designed to be a hyper-efficient liquidity layer for derivatives trading.

The joint initiative is set to breathe new life into the popular AMM model for leveraged trading by offering traders a powerful and familiar interface to interact with smart contract liquidity.

Perennial aims 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 enjoy an optimized trading experience.

Trade orders on selected Kwenta markets will be routed through Perennial to ensure efficiency and reliability.

This collaboration combines Kwenta’s top-tier trading platform with Perennial’s hyper-efficient trading infrastructure to deliver the best possible experience for traders.

The newly launched incentive program will focus on two main areas:

- Trading rewards on Kwenta per selected markets will be paid out in PERP.

To be eligible for these rewards, users will need to trade at least once on any of the markets included in the program.

The full list of markets and reward multipliers will be available on Kwenta’s Rewards Blog.

- Liquidity provision rewards will be paid out in OPTIMAL (oPTIMAL).

To be eligible for these rewards, users will need to provide liquidity to any of the markets included in the program.

The full list of markets and reward multipliers will be available on Perennial’s Discord server.

Both programs will run for 90 days and are subject to change.

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.

Burt Rock, Marketing Lead at Kwenta, commented on the evolution of onchain perps, saying, “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.”

The introduction of this incentive program marks a crucial step in the development of Kwenta and Perennial. With Kwenta focusing on the UX and frontend aspects of trading and Perennial 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, visit Kwenta’s website and Perennial’s website. You can also read Perennial’s launch announcement for additional details.

About Kwenta and Perennial

Kwenta is a leading platform for derivatives trading, having 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.

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.