Overview

Quenta is a derivative DEX built on IoTeX, employing the spot market and long-tail asset isolation pools, allowing more flexible leverage trading services for new assets. Leveraging IoTeX's high performance and the aggregation effect of the DePIN ecosystem, Quenta will provide efficient deep support for DePIN assets, becoming the trading center for DePIN project derivatives, multiplying the value space of the DePIN ecosystem, and providing convenient and reasonable hedging and other income schemes.

The field of on-chain derivatives is undoubtedly a high-certainty growth area. According to CoinGecko statistics, as of Q2 2023, the ratio of spot and derivative trading volume on centralized exchanges (CEX) was 1:5, while on decentralized exchanges (DEX), it was 3:1. This indicates a trend of gradually shifting trading volume from off-chain to on-chain over time, with the structure of on-chain trading gradually rationalizing. With this dual driving force, it is foreseeable that the on-chain derivatives field will experience explosive growth in the current bull market.

As one of the hottest sectors at present, the entire DePIN sector is currently valued at approximately $11 billion, and according to estimates by Messari, it is expected to grow to $35 trillion by 2028. As assets that are naturally linked to on-chain mining models and closely connected to real-world assets, DePINs have structural demand for derivative trading, including more efficient contract trading based on on-chain data and price feeds, more abundant long-tail assets, and hedging strategies in mining models.

Quenta, as a platform with a solid foundation for derivative trading, has core members from the original CEX derivative development, product, and operations teams of OKX, Bybit, and others, with nearly a decade of cumulative practical experience handling billions of dollars in derivative products. Quenta platform features include:

1. Support for up to 100x leverage trading

2. 0 borrowing fees, reducing holding costs

3. Multiple stablecoin LP pools

Quenta will support mainstream stablecoins such as USDT and USDC as LP assets to provide liquidity and earn LP rewards. This stablecoin spot pool model does not require specific LP pairs for all currency derivatives trading.

1. Long-tail asset isolation LP pool

For new coins sensitive to price elasticity, Quenta has specially designed isolation LP pools, which evaluate the elasticity space based on specific coin price feeds, overall market depth, holder numbers, etc., and allocate LP pools rationally.

1. Flexible parameter configuration system

For different currencies, Quenta sets comprehensive parameters such as Price impact, Funding fee, LP utilization, maximum leverage, etc., to efficiently expand trading targets while controlling risks.

1. User-friendly Web2 login method

With the support of Quenta's product mechanism, the exploding DePIN track for new projects will be able to provide the most efficient new coin listing support, making Quenta the most comprehensive derivative trading platform for DePIN assets, and providing hedging strategies for users participating in DePIN, allowing users to enjoy stable mining income and avoid cost losses caused by market fluctuations.

As a derivative trading platform deployed natively on IoTeX, which aggregates a large number of DePIN projects, Quenta will rely on IoTeX's DePIN ecosystem to support the expansion and listing of DePIN assets on a solid comprehensive derivative trading platform, amplifying the value space of the DePIN track and jointly promoting the development of the DePIN industry.