Forward Founded by a group of tech developers and researchers. Building on the success of its founders launching a well-known exchange in Thailand, Forward is now developing a new protocol devised for decentralized derivatives trading, where both short and long positions are matched using the protocol. Using an advanced technology called Automated Position Hedger (APH), Forward DDEX acts as a contractor to instantly match long and short futures orders over the user’s lifetime. Need a market maker The platform’s risks acting as users’ counterparties are fully hedged using tokens from Lending and Borrowing Pools (lending and lending funds).
Chanon Charasutthikul, CEO and Co-founder of Forward, said:
Indeed, Forward is designed to be the next level of DeFi in the Web3 world, striving to provide a sustainable DeFi platform and also introduce new financial products accessible to everyone around the world in a way that no one else can. as simple as possible Kyber’s strategic support will help us continue to develop and foster our ecosystem, and Forward is honored and delighted to announce this partnership with Kyber, one of the world’s leading DeFi initiatives.
Loi Iuu, founder and chairman of Kyber Ventures, said:
The recent bankruptcy of FTX and the collapse of many centralized players have proven DeFi’s demand for entry.
Over the past 5 years, Kyber has been working hard on the use of crypto and blockchain to create public acceptance, and Kyber is delighted to have the opportunity to support early-stage crypto dapps like Forward in achieving our shared vision.
Forward has developed this new solution called Automated Position Hedger (APH) that allows users to instantly match both long and short futures orders of the user. With a simple User Interface, Kyber believes that Forward’s unique approach will bring innovation to the cryptocurrency derivatives market. Decentralized and taking DeFi one step further.
With insights, experiences and good advice to help Forward every step of the way from product development to effectively step into the global market.
This marks yet another milestone for the Forward team that has built core elements of the decentralized finance (DeFi) ecosystem with strong partners and investors.
About Kyber Ventures
Kyber Ventures is the investment arm of the Kyber Group focused on Web3 Tech, with popular products such as the leading KyberSwap DEX and Krystal, an all-in-one non-custodial Web3 wallet.
Founded and run by the creators of OG web3, Kyber Ventures aims to support entrepreneurs in building the world’s next giant. Decentralized