The next financial system with no intermediaries and trust worthy individuals.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Sep 12, 2022 | Seed | $5M | 8 | Primestreet Capital | — | Detail |
May 17, 2022 | Seed | — | 5 | Primestreet Capital Zipmex | — | Detail |
Nov 1, 2021 | Seed | — | 2 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Primestreet Capital | Yes | Seed |
Beacon Venture Capital | — | Seed |
GBV Capital | — | Seed |
Kasikorn X | — | Seed |
Krungsri Finnovate | — | Seed |
Ratanakorn Technology Group | — | Seed |
Varys Capital | — | Seed |
Zipmex | — | Seed |
Ratanakorn Asset | — | Seed |