Decentralized Synthetic Asset Trading Platform Kwenta Launches $KWENTA

Kwenta, a decentralized synthetic asset trading platform backed by Synthetix, announced that its token $KWENTA is live. Users can stake liquid and escrow $KWENTA to earn $KWENTA rewards and gain voting power.

Holders of vKWENTA can now exchange these tokens for liquid $KWENTA at 1:1. Holders of veKWENTA need to bridge these tokens to Optimism before exchanging them for escrowed $KWENTA.