Futureswap — a protocol that can be seen as a hybrid between a perpetual platform and Uniswap without high slippage. It uses automatic market creation for perpetual contracts.
Contents:
About the Futureswap project
Future swap strives to provide the best price execution environment for large perpetual trades. Through a series of Future swap signatures and meta-transactions, traders can place trades at Ethereum Level 1 with almost instant execution at 1.5 Futureswaps.
There are three participants in the system:
| Liquidity providers | LPs add liquidity to the platform in equal amounts for each exchange. LPs can buy back liquidity at any time if their liquidity is not in the trade. Ideally, they will receive a trading commission, allowing traders to use their liquidity. |
| Traders | Traders can open long or short positions with up to 10x leverage. |
| Liquidators | The liquidators are monitoring the platform for positions that are close to breaking margin requirements. They receive an adjustable fee for sending this transaction. |
Future swap aims to disrupt the multibillion-dollar leveraged trading market, dominated by centralized services. The decentralized approach allows it to compete with lower fees, more token pairs and significant returns for liquidity providers. Futureswap uses automated market creation, using assets from liquidity providers, similar to Uniswap. Once Futureswap reaches a critical mass of liquidity (estimated at around $ 50 million), the price slippage / execution on Futureswap should be better than what is offered on current decentralized exchanges.
Each Futureswap liquidity pool contains two ERC-20 tokens: one as a stable token (DAI, USDC, etc.) and the other as an asset token (ETH). Liquidity providers do not buy tokens like on a traditional exchange. Instead, they contribute to the pool of a particular pair. The contributed assets are added to the larger pool for that pair.
Additional data
You will find an introductory document on the website. It contains basic information and answers to questions. RoadMap is not available yet. From social networks, the community leads:
- twitter;
- discord.
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