DeFi Perpetuals Exchange Futureswap Launches New Version After $12M Raise

Posted on by American Coins & Gold

DeFi Perpetuals Exchange Futureswap Launches New Version After M Raise
Futureswap has raised $12 million in venture funding from Ribbit Capital, Framework and Placeholder to launch an updated version of its Ethereum-based exchange.The protocol, which taps into v3 of leading automated market maker (AMM) Uniswap, enables leverage of up to 30x on any liquidity pool. “We’re super excited to add this layer as a new primitive,” CEO and co-founder Derek Alia told CoinDesk in an interview. “The amount of possibilities now are very, very cool.”Perpetuals are a crypto-native innovation similar to futures but without an expiration date, enabling users to apply significant leverage to their bets on a given cryptocurrency.…