Future

Key Takeaways

-The FTR Team is in place to issue new contracts, market make these contracts, as well as manage the underlying risks associated with creating the positions necessary to offer these products.

-Each contract represents a tokenized position that is built on the corresponding Centralized Exchange (CEX) or Decentralized Exchange (DEX) as soon as the buyer purchases the contract from the market.

-The Future team employs multiple strategies to achieve the yields desired representing the different contracts offered, each contract will vary based on the market & exchange the strategy is employed on (for example we may offer 2 futures contracts, 4 fixed rate contracts with different maturities & 1 interest rate swap )

-FUTURE offers Futures (long-only), Fixed rate contracts & Interest rate swaps on a decentralized marketplace powered by Serum & Solana.

Introduction and context

Simple fact : crypto has been offering floating (ie dollar funding on exchanges) and fixed rate (extracted via a classic cash and carry strategy) that are way higher than rates we see in legacy finance.

Why most traders cant perform these trades on their own/ why is this opportunity available?

1) General Lack of knowledge in constructing complex positions and setting up dynamic hedging strategies -- FUTURE handles this by managing the underlying position

2) Lack of capital : many traders may not have enough capital to spread across multiple exchanges and hedge out their risk properly

3) Risk adjusted returns: while crypto can offer some attractive and even crazy yields we at FUTURE think about risk adjusted yield -- our products are designed to create an easy, simple way to access this yield while managing part of the risks for you

FUTURE (FTR) TOKEN USE CASE

1) Future (FTR) token is locked when the user buys one of our products (utility token)

2) FTR Holders are granted a direct share of revenue from the FUTURE BUSINESS (50% of revenue >10K$ generated is distributed to FTR holders in USDC throught single staking on Atrix)

3) FTR holders will be given governance rights on decisions such as: the contracts/products FUTURE issues, use of development funds, potential partnerships and the future roadmap once initial rollout of the FUTURE decentralized ecosystem is complete

4) In addition to token rights, holding FTR gives access to a proprietary set of market visualization tools & data compiled by the FUTURE team

The FTR token

- Scarcity : The FTR token can be seen as a right for the holder to give us capital to manage if he wants to. When the FUTURE team will sell FTR token, we are in fact selling a management capacity. Total supply is 1 million FTR and will not grow (except DAO proposal). It is supposed to match a 3.5M USD maximum AUM.

- Distributions: The distribution occurred as follow :

23% of the total supply was airdropped

23% of the total supply is allocated to the team and locked until the first distribution of FTR profits + 6 months (linearly over 4Y)

The remaining 54% will be used for :

• Gathering capital to open position on CEX (60%)

• Gathering capital to create an insurance pool in case of problem/loss (35%)

• Paying the team and external workers (5%)

As of 05/05/21, you need 500 FTR to be on the top 20 list. As of 26/01/22, you need 1020 FTR to be on the top 20 list.