Kwenta

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.