FWX launches its innovative Perpetual Trading DEX on Base, utilizing Pyth Network's data to offer enriched trading opportunities.
In Brief
The brand new Perpetual Trading feature rolled out by FWX is designed to elevate the trading journey, ensuring users benefit from the reliable insights provided by Pyth Network.
AMM-based leveraged swap platform FWX FWX has introduced a cutting-edge Perpetual Trading feature, specifically designed to optimize the trading experience for users, backed by the Pyth Network oracle.
FWX's Perpetual Trading service is an innovative decentralized exchange that enables users to trade various cryptocurrencies with leverage directly from their available balance. Built on the Base blockchain, it ensures a decentralized trading atmosphere with significantly low gas fees. Whether you're a newcomer or seasoned trader, the platform is tailored to create a seamless environment for high-leverage trading while providing robust risk management options.
This feature empowers users to take leveraged positions on major tokens, amplifying their investments and allowing them to potentially reap greater rewards on popular tokens without facing expiry. Users can enjoy leverage ratios of up to 30x on their trades. The platform accommodates both long and short trading strategies, facilitating profit potential from market movements in either direction. Trade pricing is dynamic, reflecting real-time insights from the recognized source for high-accuracy market data. Pyth Network Currently, traders are subject to a nominal trading fee of 0.1%, along with a One-Time Funding Fee (OTF) assessed during both the opening and closing phases of a position. The OTF varies based on fluctuations in open interest (OI) levels between long and short positions.
Additionally, FWX has improved its cross-margin system. All positions are now secured through USDC, granting traders enhanced stability and the ability to manage multiple positions across various trading pairs using a single, flexible collateral pool.
FWX's Perpetual Trading is officially live on Base! ✨
What Is FWX?
Recently, FWX has upgraded its margin configuration and leverage parameters for its designated futures trading pairs. These enhancements are aimed at improving user interactions and providing greater adaptability. Notable adjustments include an increase in maximum leverage to 10x, a decrease in minimum margin requirements to 10%, and a reduction of the maintenance margin to 5% for trades involving specific assets.
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Disclaimer
In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive world of Web3. With a sharp eye for emerging trends and cutting-edge technologies, she provides thorough insights to keep readers informed and engaged in the ever-changing digital finance landscape.