# Futureswap

> Futureswap is a decentralized, non-custodial protocol for leveraged perpetual trading, letting users take long or short positions on crypto assets with leverage while liquidity providers earn fees and token incentives. Built by a small San Francisco team led by founder Derek Alia, it launched on Ethereum in 2020, later moved to Arbitrum and Avalanche for lower-cost transactions, and pioneered an AMM-based design that plugs into pools like Uniswap and Trader Joe. Backed by roughly $13.5M from investors including Ribbit Capital, Framework Ventures, True Ventures and Placeholder, it was governed by the community via its FST token.

- **Founded:** 2020
- **Headquarters:** San Francisco, California, United States
- **Founders:** Derek Alia (Founder & CEO), Maxi Bustos (CTO)
- **Team size:** Small - roughly 2 core employees plus contributors
- **Products:** Futureswap Protocol (Perpetual Trading), Liquidity Provision / Pools, FST Governance Token, Futureswap V4 / V4.1
- **Notable:** Raised ~$13.5M total, including a $12M Series A co-led by Ribbit Capital, Framework Ventures, True Ventures and Placeholder., One of the earliest AMM-based decentralized perpetual futures protocols (launched 2020)., Pioneered an AMM-agnostic design in V4 that integrates with Uniswap, Curve, Balancer and Trader Joe.

## Products & services

- **Futureswap Protocol (Perpetual Trading)** — Decentralized, non-custodial protocol for leveraged perpetual swap trading with up to ~30x leverage on crypto assets.
- **Liquidity Provision / Pools** — Liquidity providers deposit assets to back trades and earn passive income from trading fees plus FST token incentives.
- **FST Governance Token** — Native token used for protocol governance and to incentivize traders, LPs and referrers; 108,000 minted weekly.
- **Futureswap V4 / V4.1** — AMM-agnostic upgrade allowing the protocol to integrate with any AMM (Uniswap, Curve, Balancer, Trader Joe) and support long-tail tokens; V4.1 deployed on Avalanche.

## Achievements

- Raised ~$13.5M total, including a $12M Series A co-led by Ribbit Capital, Framework Ventures, True Ventures and Placeholder.
- One of the earliest AMM-based decentralized perpetual futures protocols (launched 2020).
- Pioneered an AMM-agnostic design in V4 that integrates with Uniswap, Curve, Balancer and Trader Joe.
- Completed security audits with OpenZeppelin and Trail of Bits.
- Expanded from Ethereum to Arbitrum and Avalanche for cheaper, faster execution.

## Latest updates

- **2022-04** — Launched Futureswap V4.1 on Avalanche with Trader Joe as the first AMM integration; JOE-USDC went live as the first pair.
- **2021-10** — Closed $12M Series A via token sale co-led by Ribbit Capital, Framework Ventures, True Ventures and Placeholder, and launched a new protocol version.
- **2021-01** — Announced V2 beta with live pricing, more performant trading and higher capital efficiency.

## Links

- Website: https://www.futureswap.com
- LinkedIn: http://www.linkedin.com/company/futureswap
- Twitter/X: https://twitter.com/futureswapx
- GitHub: https://github.com/futureswap

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Published by YesPress — https://yespress.io
Last updated: 2026-07-11