“FORWARD” is the name of the project that Satang’s Project Manager, Chanon Jaratsuthikul, together with Paramin Insom, the founder of Satang.
and FIRO medals and Dr. Udomsak Rakwongwan, Top Class from King’s College London, Financial Mathematics Branch ambush
Decentralized Derivative Exchange and the Hottest DeFi Platform Today Aims to launch in early 2022
FORWARD is a project that focuses on a level. International Under the concept “Make protecting your crypto gains
and accelerating your crypto wealth simple”, which has two important features in the first phase, namely
- Forward Lending and Borrowing Pool is a section where users can deposit and borrow major coins.
- Forward Trading is a futures contract which allows users to go short and long to increase profits. Or hedging from price fluctuations in the case of holding coins, where short and long positions are made risk-free (hedging) by using coins in the Forward Pool.
How to Hedging in the System
for example When the investor long (bet up) 1 BNB (1x) at the price of 300 USDT (the BNB price at that time is 300 USDT).
Forward will borrow 300 USDT from the Forward Pool and exchange it for 1 BNB coin and keep it in your wallet.
Temporarily, this happens in two ways:
- If the BNB price goes up to 350 USDT and the investor wants to close the forward position, the BNB will be exchanged for
USDT will get 350 USDT which will bring 50 USDT to pay investors and 300 USDT back in the Forward Pool. - If the BNB price goes down to 250 USDT, Forward will exchange BNB to 250 USDT and charge 50 USDT to investors and return 300 USDT back in the Forward Pool.
It can be seen that such hedging will make forward risk-free both in case of BNB coin going up and down.
Leveraging can be done similarly.
Chanon Jaratsuthikul talks about the future of Forward, saying, “FORWARD has plans to add many more features, such as adding Forward.
Own Decentralized Exchange (DEX) to reduce hedging fees and reinvestment features which
This is to invest the coins that are locked from hedging to invest in other reliable protocols. using advanced mathematics such as
Markowitz Modern Portfolio Theory, winner of the Nobel Prize in Economics or Minimization of CVaR, or
Exponential Utility
This part is thanks to Mr. M. Dr. Udomsak. that brings this knowledge into the system It will also be a platform that serves as an infrastructure for coin owners. who want investors who want to short and long their coins can come to use freely It will also expand to coins representing stocks, gold, oil and indices. Me, Ms. Nueng, Ms. M and the whole team. Dedicated to this project and believe that FORWARD will achieve the level of success. International for sure.”
At present, Forward has successfully developed Forward Lending and Borrowing Pool and Forward Trading.
Open Beta version on Testnet ( https://testnet.forward.market/ ) for investors to test the system from today.
And now the project is in the process of raising funds in a private round to develop the system to be more efficient. and to make various features
said
It is another project to watch under the strong Derivative exchange trend that has begun to form in the world of DeFi while
In the Binance Smart Chain group, there is no clear market leader. Forward under Chanon’s leadership. Jarassuthikul, Paramin
Insom and Dr. Udomsak Rakwongwan will step up and become the leader of Derivative Exchange on Binance Smart.
Chain or not
tracking channel
Website: https://www.forward.market/
Telegram: https://t.me/joinchat/yzeGih6C5BxjNTFl
Discord: https://discord.gg/Qbzdz8ea
Facebook: https://www.facebook.com/defi.forward.official
Twitter: https://twitter.com/DefiForward
Instagram : https://www.instagram.com/defi.forward.official/
Tag : Forward, DeFi, Decentralized Derivative Exchange, BSC
The post Beam Chanon joins hands with Nueng Paramin to enter the DeFi market on Binance Smart Chain to be launched in early 2022 appeared first on Bitcoin Addict.