Kana Labs has deployed Kana Perps on Aptos mainnet on June 11. Kana Perps is the first fully on-chain, CLOB-based perpetual exchange (DEX) on the Aptos network. The platform offers fast, frictionless trading.
Kana Perps leverages Econia’s on-chain infrastructure and order book/matching engine for its continuous liquidity model seen on centralized exchanges. Econia’s design as a distributed Order book utilizes Aptos modules and coordinates order books between shards in a power-efficient way using sharding. Kana Perps provides 0% maker fees, 1-click trading and up to 50% margin refund on liquidation. The platform is paired with a smart, easy to navigate user experience (UX).
Integration with Econia
Kana Perps makes use of Econia’s distributed architecture, which uses Aptos modules to manage order books through multiple shards. Together, these integrations create a fast and robust trading experience. The platform's matching engine, powered by Econia, ensures that trades are executed quickly and accurately.
Econia’s novel on-chain infrastructure with a shared order book underlies Kana Perps’ ultra fast price discovery. This provides participating firms with the transparency and reliability necessary when executing large trades. By building on top of Econia, Kana Perps is able to stand on a battle-hardened foundation for its perpetuals DEX.
This partnership is a testament to both Kana Labs and Econia’s commitment to pioneering innovation and efficiency in the decentralized finance space. This integration is expected to significantly improve the trading experience on the Aptos network.
Key Features and Benefits
Kana Perps provides many advantages for traders, such as 0% maker fees. This unique feature is meant to draw liquidity to the protocol while promoting active use and participation on the platform. The platform provides one-click trading. This ease makes MOEX trading even more accessible to new and older traders alike.
Another benefit of Kana Perps are up to 50% margin refunds on liquidation. This important new feature limits losses and protects traders like a safety net in fast-moving, volatile markets. The platform’s intuitive UX and streamlined UI guide users effortlessly through the interface, allowing for efficient navigation and simplified trading processes.
The platform’s smart features help create an intuitive and powerful trading experience for all users. This commitment to user experience sets Kana Perps apart from competitors like DyDx and GMX in the rapidly evolving world of decentralized exchanges.
Fee Structure and Margin Requirements
Kana Perps uses a tiered fee model starting at 0.03% and going as low as 0.0005%. This fixed fee tier is based on a trader’s volume and the number of staked tokens held. This architecture discourages predatory high-frequency trading while benefiting the users who hold most of the project’s tokens.
Currently the maintenance margin for Kana Perps is 2.5% of each position’s notional value. This requirement is critical to managing risk and making sure the platform remains stable. Pairing tiered fee structure with a reasonable maintenance margin is intended to provide a fair, sustainable trading experience.
Their fee structure and margin requirements incentivize responsible trading. Not only do these measures prevent bad actors from exploiting the Kana Perps platform, but they ensure Kana Perps’ long-term viability.
