# 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 up to 5x 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 real yield in the same deposited token, funded by borrowing and trading fees. Trading positions are stored as transferable NFTs, allowing users to move open positions between wallets. Previously known as Forward. - 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 derivatives protocol that integrates forward-contract mechanics for permissionless on-chain leverage trading. The protocol creates single-sided lending pools upon token listing, enabling up to 5x leveraged long and short positions on any ERC-20 token, with positions represented as transferable NFT memberships that consolidate collateral and PnL tracking. A peer-to-pool perpetual futures model handles major asset pairs against a shared vault, while an integrated AMM provides token swapping and liquidity provision. Deployed on Base and Avalanche C-Chain. (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) - [Privacy policy](https://docs.fwx.finance/development/legal/privacy-notice) - [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. 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