According to ChainCatcher, FWX, a financial platform based on the AVAX chain, has announced the opening of permissionless deployment, which will allow tokens on DEX to participate in leveraged trading and create a lending market for DEX. FWX is a decentralized platform on the EVM-based chain that provides two main services: a decentralized derivatives exchange (DDEX) and a lending pool (LBP). The protocol uses an automatic position hedging mechanism (APH), an automatic market maker (AMM) for futures that uses the liquidity in its pool to fully hedge the risks of all positions on the chain.
