Short description
Decentralized Derivative Platform with High Organic Real Yield APR.
Description
FWX is a decentralized derivatives platform where users trade against the protocol, while the protocol fully hedges the risk of all positions using liquidity in its pools.
FWX has two primary services: lending and borrowing pools and derivatives trading. Unlike the traditional order-book-based double auction matching mechanism, FWX acts as a counterparty to all futures traders and applies a unique hedging algorithm to eliminate the risk using the liquidity in its single-token lending pools. Every futures trade submitted to the platform creates organic borrowing demand in the pools. This solves the problem currently faced by lending platforms in which there are many lenders but significantly fewer borrowers. The higher the trading volume, the higher the yield. With the daily trading volume of 500kUSD, FWX can generate organic yield of at least 20% for a 5mUSD pool.
Last funding
Uh Ohhhh
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Total funding
$$43214321
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Location
Lat Yao, Nakhon Sawan, Thailand, Asia
Founded on
October 1, 2021
Non-profit?
No
Acquired?
No
Employees count
11-50
Investors
Noway Youcantaccess, Cannot Access, Noaccess, Cannot Access, Uh Ohhhh, Cannot Access, Noway Youcantaccess, Blurry Noaccess, No Way, Nopepepe
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Founders
Asst.Prof.Udomsak Rakwongwan, Ph.D., Chanon Jaratsuttikul