After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades.
Futureswap has recently launched Version 2 of its platform, which features a unique oracle design that allows to increase capital efficiency for large trades. Benji Richards, co-founder of Futureswap, explained the idea to Cointelegraph: