Futureswap is a decentralized non-custodial perpetual protocol where users can gain leveraged exposure (up to 256x) to assets. Liquidity providers deposit passive liquidity in order to earn passive income from trading fees and FST incentives. This liquidity is utilized by the Futureswap AMM and other AMMs under the hood to create leveraged exposure. Realistically under the hood, Futureswap operates as a lending protocol as no leverage contracts are being created but only liquidity providers lending funds while holding collateral.
Futureswap is non-custodial. This means that your funds, whether they're collateral for a trade or for liquidity that you've deposited, are stored in the protocol's smart contracts. These are on-chain contracts that have undergone a comprehensive audit from Trail of Bits. Find the audit report here: Audits.
Are there any risks?
Yes, there are always risks, and this is especially true when interacting with smart contracts. The Futureswap protocol takes security very seriously and has implemented robust testing, code reviews, internal audits, external audits, fuzzing, and static verification. While the Futureswap core devs are very security-minded, users should not deposit funds that they cannot lose.
Is there a token?
Yes, FST is the governance token for the Futureswap protocol.
What blockchain is Futureswap on?
Futureswap is currently deployed on Arbitrum, a L2 for Ethereum.
Video Introduction to Futureswap
The following video is an excellent introduction for new users of Futureswap to get a sense of the product and the awesome people involved with it. It features Derek Alia, a cofounder of Futureswap.
Futureswap in the Media
Futureswap is named in the following videos featuring some of the most predominate investors and advocates in the crypto industry. Su Zhu is a cofounder of Three Arrows Capital, a fund which has exhibited outstanding growth since its inception. Vance Spencer and Michael Anderson are cofounders of Framework Ventures, a thesis-driven venture firm that has been one of the key players in the development of many components of the DeFi ecosystem. These videos are great for getting context into DeFi and Perpetuals. Look for Futureswap shout-outs around the marks of 30:35, 1:04:13 and 10:40, respectively.