Details

Last Funding Type

Seed

Last Funding Money Raised

$5M

Industries

Cryptocurrency,Finance,Financial Services,Information Services,Information Technology

Founded date

Oct 1, 2021

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Forward Enterprise Company Limited

Also Known As

DeFi Forward,Forward DeFi,Decentralized Derivative Exchange,APH,Forward Enterprise

Forward is the decentralized finance platform on the EVM-based chain offering two main services: a decentralized derivative exchange (DDEX) and lending & borrowing pools (LBPs). Unlike other derivative exchanges, where short and long positions are matched against each other using an advanced protocol named Automated Position Hedger (APH), Forward DDEX acts as a counter-party to instantly match users' long and short perpetual Futures orders. As a result, Forward does not have limited order books and does not require market makers. The risk the platform is exposed to since it acts as a user's counterparty is completely hedged using the tokens in the lending and borrowing pools.