Futureswap Launches V2 to Provide Professional-Grade Decentralized Derivatives
Futureswap opens doors to V2 of its decentralized automated market-making platform, offering one of highest return rates in DeFi to date
Futureswap, a decentralized futures exchange that is governed by the community, has announced the launch of its public Version 2 (V2) platform. Founded in 2019, Futureswap is a decentralized automated market-making (AMM) platform built on Ethereum that offers up to 10x leverage on perpetual swaps for any ERC-20 token. The exchange aims to offer a superior price-execution environment for large trades when compared to centralized exchanges.
Within three days of last spring’s alpha launch, Futureswap became the largest DEX by daily volume, with growth trending at 130% per day. This remarkable growth fostered a 550% annual return for liquidity providers, the highest return rate seen in DeFi to date. After receiving such a positive reception, the Futureswap team decided to focus on building out V2, which is designed with enhanced-performance features to meet the needs and demands of professional traders.
The new version includes live on-chain pricing and minimized slippage. Moreover, enhanced liquidity pools are now provided by more established partners to ensure token pairings are well-balanced and that the AMM provides seamless performance and trade execution.
“Futureswap’s V2 has already surpassed a trading volume of more than $500 million and has become the fastest growing DEX on Ethereum,” said Derek Alia, co-founder of Futureswap. “With 2020’s DeFi boom and an ever-growing demand for leveraged products, we anticipate more room for growth in on-chain perpetual AMMs to rival centralized exchanges price execution.”
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New to Futureswap’s V2 is its novel Oracle Relayer Network (ORN). Acting as a bridge between real-time trading and pricing data, the ORN provides users a dashboard with real-world pricing data in a non-custodial manner. Made possible via on-chain transaction signing and message validation, the ORN supplies users with verifiable pricing data without relying on extra intermediaries. By processing transactions through the ORN, users have full access to secure and live pricing.
Following last year’s oversubscribed alpha launch and a successful investment round led by Framework Ventures, the leading DeFi venture capital fund, Futureswap is now poised to provide professional traders with enhanced feature sets and exceptional trading performance.
“From the beginning, we saw great potential in Futureswap as a derivatives-focused decentralized exchange (DEX),” said Framework Ventures co-founder, Michael Anderson. “We are proud and honored to have assisted in developing the structure of Futureswap’s token economics. Its V2 launch, including a user experience that looks and feels like a centralized trading venue, will bring enormous value to the broader DeFi ecosystem.”
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