FTX launches perpetual contract tied to Uniswap's top 100 liquidity pools

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.

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Yogita is a senior reporter at The Block and covers all things crypto. Before joining The Block, Yogita worked for CoinDesk and The Economic Times. She can be reached at [email protected] Follow her on Twitter @Yogita_Khatri5.