# FWX > Permissionless leverage swap for new gem tokens FWX is a permissionless leveraged trading protocol where users can long and short any listed token with leverage on EVM-based chains. FWX lets traders take long and short leveraged positions on any token, including newly minted and low-cap assets, across multiple EVM chains. Users can provide liquidity to auto-created lending pools and earn yield in the same token they deposit, funded by borrowing and trading fees. Trading positions are stored as transferable NFTs, allowing users to move open positions between wallets. - Type: Protocol - Sector: Finance - Status: Active - Founded: 2021-06-01 - Profile: https://thegrid.id/profiles/fwx ## Products - [FWX](https://thegrid.id/profiles/fwx): FWX is an AMM-based leveraged trading protocol that creates single-sided lending pools when a token is listed, so users can open leveraged long and short positions on any ERC-20 token. Positions are held as transferable NFTs that track collateral and profit and loss. A peer-to-pool perpetual futures model covers major pairs against a shared vault, and a built-in AMM handles swaps and liquidity provision. (Derivatives, Live, Main Product) - [StakeBet](https://thegrid.id/profiles/fwx): StakeBet is a prediction market in the FWX ecosystem where users place outcome-based bets using B4FWX community tokens. The system facilitates event-based wagering with on-chain stake placement and settlement, offering both standard and risk-free prediction market variants. (Prediction Markets, Live) ## Assets - [FWX Token (FWX)](https://thegrid.id/profiles/fwx): FWX is the utility token of the FWX platform. It is used for reducing trading fees, earning staking rewards, governance voting, and upgrading NFT memberships on the platform. The token features a deflationary burn mechanism and can be used as collateral for opening leveraged futures positions. (Utility) - [B4FWX Token (B4FWX)](https://thegrid.id/profiles/fwx): B4FWX is the community token of the FWX platform. It is used for accessing the prediction market and trading campaigns, and is earned by active traders, liquidity providers, and referrers. Accumulated B4FWX determines users' allocation in FWX token airdrop distributions. (Utility) ## Links - [Main](https://fwx.finance) - [Documentation](https://docs.fwx.finance) - [Blog](https://fwx.finance/blog) - [Terms of Service](https://docs.fwx.finance/development/legal/terms-of-use) - [Whitepaper](https://docsend.com/view/9g7wjtcjpt45y3gz) - [Twitter / X](https://x.com/fwxfinance) - [Telegram](https://t.me/fwxfinance) - [Telegram](https://t.me/fwxcommunity) - [Discord](https://discord.gg/68HqYPP9TZ) - [Facebook](https://facebook.com/fwxfinance) - [YouTube](https://youtube.com/@fwxfinance) - [Medium](https://medium.com/fwxfinance) - [GitHub](https://github.com/forward-x) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP