What is Kwenta?
Kwenta is a decentralized finance (DeFi) platform built on the Synthetix protocol that allows users to trade synthetic assets, which are tokenized derivatives that mimic the value of another asset. The platform is built on layer 2 Optimism, a scaling solution for Ethereum, to offer lower gas costs and higher scalability. Kwenta offers isolated margin, up to 25x leverage, and uses a hybrid oracle approach with Chainlink and PYTH to determine asset prices. The platform requires traders to deposit sUSD and has a $40 minimum deposit requirement to incentivize timely liquidations.
Web3 dapps and developer tools related to Kwenta
Discover blockchain applications that are frequently used with Kwenta.
Resources and Guides about Decentralized Synthetics
Kwenta Alternatives
Explore web3 competitors and apps like Kwenta.
AlchemixDecentralized Synthetics
Alchemix allows users to take out self-paying loans after depositing cryptocurrency as collateral.
SynthetixDecentralized Synthetics
Synthetix facilitates the issuance of synthetic ‘real-world’ assets on the Ethereum blockchain.
UniDexDecentralized Exchanges (DEXs)
UniDex is a decentralized meta-aggregator for swaps & a perpetual exchange platform.
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