The Good Tech Companies - Kwenta And Perennial: How They Are Kickstarting the Arbitrum Expansion With 1.9M ARB

Episode Date: July 26, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/kwenta-and-perennial-how-they-are-kickstarting-the-arbitrum-expansion-with-19m-arb. This initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum and spark renewed interest in onch Check more stories related to tech-companies at: https://hackernoon.com/c/tech-companies. You can also check exclusive content about #tech-companies, #kwenta, #kwenta-announcement, #arbitrum, #perpetual-trading, #good-company, #perennial, #arbitrum-expansion, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial to launch a new product and incentive program on the Arbitrum network. The initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Quenta and Perennial. How they are kickstarting the Arbitrum expansion with 1.9 Marb, by Chainwire. Grand Cayman, Cayman Islands, July 26, 2024, Chainwire, Quenta, the leading on-chain perpetuals exchange on the Optimism Network, has partnered with Perennial to launch a new joint product and incentive program on the Arbitrum network. This initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum and spark renewed interest in on-chain perpetuals trading. Quenta and Perennial's expansion strategy Quenta, known for being a UX layer for PERPs trading on Optimism and Base. IS expanding its reach to Arbitrum in a bid to build a comprehensive marketplace

for on-chain perpetuals. This move is facilitated by Perennial V2, an Arbitrum-native protocol designed to be a hyper-efficient liquidity layer for derivatives trading. The joint initiative is designed to revitalize the popular AMM model for leverage trading by providing traders with a powerful, familiar interface to interact with smart contract liquidity. Perennial's vision is to create a single, global liquidity layer where all markets, all chains, and all liquidity converge into one decentralized nexus. By integrating Quenta's premier trading interface with Perennial's advanced PERPS infrastructure, users on Arbitrum

will benefit from an optimized trading experience. Trade orders on selected Quenta markets will be seamlessly routed through Perennial, ensuring efficiency and reliability. This collaboration combines Quenta's top-tier trading platform with Perennial's hyper-efficient trading infrastructure, delivering the best possible experience for traders. Incentive program details the newly launched incentive program focuses on two main areas. Trading rebates. Active traders will benefit from substantial fee rebates, making it more cost-effective to trade on the platform. This initiative is expected to drive trading volume and retain users. Liquidity boosting. Liquidity providers will receive incentives to supply

liquidity, ensuring deep and efficient markets. For more details on how to potentially earn rewards, users can visit Quenta's rewards blog for trading rewards details, or visit Perennial's Discord server for information about rewards for providing liquidity. Team insights greater than Bert Rock, marketing lead at Quenta, highlighted how far on-chain perps have greater than come, stating, We've seen a lot of new perpetuals markets focused on greater than improving the user experience, but most are making huge sacrifices in terms of greater than decentralization. Greater than we want to show people you really can build decentralized apps which are greater

than incredible to use, and even better than off-chain versions. Kevin Britz, CEO and greater than co-founder at Perennial, added, Quenta has been a market leader in the PERP greater than vertical, regularly pushing over $100 million in oil. We're excited to welcome them to greater than our home on Arbitrum and expand the number of teams leveraging Perennial greater than infrastructure. In a saturated PERPS landscape, combining our protocol with greater-than-QUENTA's interface will lead to increased volume, deeper liquidity, and a greater-than-CEX-level user experience. Future Outlook

The introduction of this incentive program represents a crucial step in the evolution of QUENTA and perennial. With QUENTA concentrating on the UX and front-end aspects of trading and perennial focusing on providing a robust liquidity layer, the collaboration is set to offer a Perennial. With Quenta concentrating on the UX and front-end aspects of trading and Perennial focusing on 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 Quenta and Perennial promises to elevate the standard of on-chain perpetual trading, making it more accessible and appealing to a wider audience. For more

information, users can visit Quenta's website and Perennial's website. Users can also read Perennial's launch announcement for additional details about KWENTA and Perennial Quenta. As a leading platform for derivatives trading, Quenta has facilitated over $50 billion in volume on Optimism and Base. The platform is expanding to Arbitrum to launch its perpetual marketplace, a single app to compare and trade on multiple on-chain venues. Perennial. Perennial is a pioneering DeFi liquidity layer that offers a 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. Contacts Bert Rock QuentaBert at

quenta.io Lucas Terry Perennial Lucas at perennial.finance. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.