The DEX financial platform FWX has announced the opening of permissionless deployment

ChainCatcher news, the financial platform FWX on the AVAX chain has announced the opening of permissionless deployment; it will allow tokens on the DEX to participate in leveraged trading and create lending markets for the DEX.

It is reported that FWX is a decentralized platform based on EVM, providing two main services: Decentralized Derivatives Exchange (DDEX) and Lending Pool (LBP). The protocol employs an Automated Position Hedging mechanism (APH), which is an automated market maker (AMM) for futures that uses the liquidity in its pool to fully hedge the risks of all positions on the chain.