Crypto exchange FTX has launched a perpetual futures contract tied to the top 100 liquidity pools of decentralized exchange (DEX) protocol Uniswap.
The contract, dubbed UNISWAP-PERP, is an index future that is equal-weighted on the top 100 Uniswap pools, FTX founder and CEO Sam Bankman-Fried told The Block.
“The Uniswap index price is the sum of the implied asset price of each of the pools,” said Bankman-Fried.
Uniswap is currently the leading DEX protocol with most tokens listed on its platform. With the UNISWAP-PERP contract, users could obtain exposure to these tokens via the futures contract.
“We’ll have perpetual, quarterly, and leveraged tokens on UNISWAP-PERP,” said Bankman-Fried.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.