Futureswap Raises $12M in Funding


Futureswap, a San Francisco, CA-based decentralized, AMM-based perpetuals protocol that enables leverage up to 30x on any Uniswap pair, launches V4 after raising $12M.

The round was co-led by Ribbit Capital, Framework, True, and Placeholder.

Led by Derek Alia, Co-Founder, Futureswap is a decentralized, AMM-based perpetuals protocol enabling high leverage and capital-efficient trading. As a user-governed protocol and DEX, the protocol is for professional perpetual traders, liquidity providers seeking high-yield opportunities, and developers motivated to build innovative dapps.

Futureswap will utilize its partnerships with Chainlink, Arbitrum, NFTX, REN, Gelato, and Visor Finance to deliver their V4 update, with each partner contributing a preeminent component. Futureswap V4 leverages Uniswap V3’s core exchange and its supporting ecosystem. The first supported chain will be Arbitrum, a low-fee and fast Layer-2 scaling solution built on Ethereum.