Futureswap FST Price

What is Futureswap (FST)?

Decentralized finance (DeFi) has witnessed the rise of innovative protocols, and Futureswap stands out as a beacon of cutting-edge technology in the realm of perpetual protocols. Launched on Ethereum in April 2020, Futureswap is a decentralized non-custodial perpetual protocol offering users leveraged exposure to assets in a highly capital-efficient manner.

Core Features:

Futureswap operates as a lending protocol where liquidity providers (LPs) deposit funds to earn passive income from trading fees and FST incentives. By combining an Automated Market Maker (AMM) with funding rate payments, Futureswap allows users to engage in leveraged trading, offering up to 30x leverage.

Notable Achievements:

Within three days of its launch, Futureswap's 24-hour trading volume surged to $7.1 million, with liquidity exceeding $1 million. The protocol originally allowed traders to utilize up to 20x leverage with no slippage on Ethereum-based assets.

Futureswap Version 2:

In January 2021, Futureswap unveiled its Version 2 beta, introducing live pricing, enhanced trading performance, and increased capital efficiency. The core features, including automated market maker-style liquidity provision, incentivized usage, and community governance, remained intact. Version 2 features a unique oracle design, capturing small price fluctuations between Ethereum blocks, enabling increased capital efficiency for large trades.

Oracle Relayer Network (ORN):

A key enhancement in Futureswap V2 is the Oracle Relayer Network (ORN), providing instant pricing and a real-time trading experience. ORN acts as a hybrid between a price oracle and a meta transaction processor node, ensuring accurate and secure prices. Audited by Trail of Bits, the ORN allows users to set bounds for a trade's price, ensuring transaction validity.

FST Token:

Futureswap's governance is facilitated by the non-transferable FST token. Traders, liquidity providers, and referrers are rewarded in FST on a weekly basis, with a release schedule subject to community votes. Currently, 108,000 FST is issuable per week, distributed among network participants based on trading volume: 65% for traders, 30% for liquidity providers, and 5% for referrals.

Community Engagement:

Futureswap's commitment to a user-governed protocol is reflected in its permissionless and composable nature. The platform has garnered support from notable investors, with Framework Ventures investing $400,000 before the protocol's launch. Community participation is encouraged through governance, allowing users to shape the future development of the protocol.

Conclusion:

Futureswap has positioned itself as a premier protocol for professional perpetual traders, liquidity providers seeking high-yield opportunities, and developers eager to build innovative decentralized applications. With its focus on high leverage, capital efficiency, and user governance, Futureswap continues to push the boundaries of decentralized finance, offering a glimpse into the future of trading protocols on the blockchain.

What is unique about Futureswap (FST)?

Futureswap distinguishes itself with a decentralized, non-custodial perpetual protocol on Ethereum, offering up to 30x leverage, live pricing, and an innovative Version 2 featuring a unique oracle design for increased capital efficiency in large trades.

Who are the founders of Futureswap (FST)?

Futureswap was co-founded by Derek Alia, who emphasized the protocol's uniqueness in an interview with CoinTelegraph, highlighting its departure from the constant-product formula and its focus on creating a better ecosystem for large trades.

Who are the backers/investors of Futureswap (FST)?

Framework Ventures, a prominent investor in the crypto space, revealed a $400,000 investment in Futureswap before its launch. Their support played a crucial role in providing liquidity to the platform's initial liquidity pools.

Where can I buy Futureswap (FST)?

You can buy Futureswap (FST) on Gate.io, LATOKEN, Uniswap V2 (Ethereum) cryptocurrency exchanges.