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

Exchanges • August 24, 2020, 11:36AM EDT
The Block

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 Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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