📜Perps V3
What’s New in Perps v3?
Kwenta and Synthetix have spent the last several months working side by side on an upgraded perps trading experience built on the new Synthetix v3 architecture.
Here's what's new things:
Native Cross-Margin: This feature provides traders with the ability to use their entire portfolio as collateral, enhancing trading efficiency and risk management.
Better Pricing: New in Perps v3, the price at the moment of order commitment—when you submit your order—is the price at which your trade is executed. This upgrade eliminates the frustration of price slippage due to execution delays.
Failed order Replacements: Orders that fail to execute will no longer need to be "canceled", once failed traders can simply place another, which replaces the failed trade automatically.
Redesigned UX: Perps v3 introduces significantly improves to navigation, trading flows, and data presentation. This comprehensive overhaul focuses on intuitiveness and efficiency, ensuring that both novice and experienced traders can leverage the platform's capabilities to their fullest
What’s Under the Hood?
NFT Accounts: A novel approach to account management, NFT accounts in Perps v3 offer a more flexible and user-friendly way to manage trading activities.
Supermarkets: Supermarkets are the core risk management tool which allows Kwenta to offer native cross margin without limiting the breadth of market offerings. Each “Supermarket” contains one or more perps markets which share collateral.
Smart Margin V3: Smart Margin v3 (SMv3) continues the legacy of its predecessors, aiming to elevate the trading experience on Kwenta by offering advanced tools for trading Synthetix derivatives.
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