What Is Futureswap?
Futureswap is a non-custodial, decentralized protocol built on Ethereum. It is designed to allow users to gain leveraged exposure to a wide range of assets.
Background
Derek Alia founded Futureswap in 2019.
How It Works
Futureswap uses on-chain oracles to ensure liquidity. Instead of relying on a traditional insurance model, it uses an auto-deleveraging (ADL) approach for high-risk trades. This approach eliminates the need for an insurance fund and ensures the exchange’s viability in all scenarios. Futureswap also has a fund that limits itself to minimize attack scenarios.
FST is the native token of Futureswap and serves as a governance token. It allows token holders to shape the future of the platform.
Community members can use FST tokens to express their opinions and create development proposals. The platform also uses FST tokens to incentivize trading and liquidity. Liquidity providers can earn yield and passive income through FST incentives and trading fees. The platform aims to provide a fully decentralized, efficient future exchange with low fees, zero slippage, high returns for liquidity providers, and limitless token pairs.
Key Takeaways
- Futureswap is a decentralized protocol built on Ethereum that allows users to gain leveraged exposure to a wide range of assets.
- Instead of a traditional insurance model, Futureswap uses an auto-deleveraging approach for high-risk trades to ensure the exchange’s viability in all scenarios.
- FST, the native token of Futureswap, serves as a governance token, allowing token holders to shape the platform’s future.
- Community members can use FST tokens to create development proposals and express their opinions.
- The platform aims to provide a fully decentralized, efficient future exchange with low fees, zero slippage, high returns for liquidity providers, and limitless token pairs.
