Kwenta and Perennial launch joint product on Arbitrum with 1.9M ARB grant
From Investing.com
July 24, 2024 09:30 AM:
Kwenta and Perennial have partnered to launch a new joint product and incentive program on the Arbitrum network, backed by a substantial 1.9 million ARB grant. The initiative aims to attract new users and liquidity providers to spark renewed interest in onchain perpetuals trading.
Kwenta is expanding its reach to Arbitrum to create a comprehensive marketplace for onchain perpetuals with Perennial V2. The joint initiative aims to revitalize the AMM model for leveraged trading by providing a powerful interface for traders on Arbitrum.
The newly launched incentive program focuses on trading rebates for active traders and liquidity boosting for liquidity providers. Users can visit Kwenta’s website for trading rewards details and Perennial’s Discord server for liquidity reward information.
Burt Rock, Marketing Lead at Kwenta, emphasized the importance of decentralized apps with a great user experience. Kevin Britz, CEO & Co-Founder at Perennial, highlighted the collaboration’s potential to increase volume, liquidity, and user experience in the perps landscape.
The collaboration between Kwenta and Perennial is set to enhance the standard of onchain perpetuals trading by offering a decentralized trading experience that is both efficient and user-friendly. This partnership showcases how projects can synergize to deliver superior services in the DeFi space.
Read more at Investing.com: Kwenta and Perennial Kickstart Arbitrum Expansion with 1.9M ARB By Chainwire