FTX launches perpetual contract tied to Uniswap's top 100 liquidity pools
August 24, 2020, 11:36AM EDT
1 min read
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.