Framework Ventures Invests $400,000 in Futureswap, a Decentralized Futures Alternate, and $500,000 in Commonwealth Labs

Framework Ventures, a tech funding agency that focuses on decentralized finance (DeFi) options, revealed on March 10, 2020, that it has invested $400,000 in Futureswap, a decentralized (or non-custodial) futures trade.

Framework Ventures has additionally invested $500,000 in Commonwealth Labs, the creator of Edgeware, which is Polkadot’s first sensible contract chain.

As talked about in a press launch shared with Crowdfund Insider:

“Along with holding tokens, Framework Ventures can be supplementing their investments with extra help to those ecosystems, be it by way of offering liquidity, creating an utility toolkit, and extra.”

Michael Anderson, co-founder at Framework Ventures, stated that he believes these two initiatives are best suits for his agency’s “Community Capital” funding thesis.

Anderson added that enterprise capital within the crypto house ought to evolve past “merely buying cash and start really constructing worth on the community.”

The Futureswap platform permits buyers to accumulate leveraged crypto futures contracts at aggressive charges. It’s a hybrid or combine between a decentralized trade and a leveraged buying and selling platform.

As famous within the announcement:

“Futureswap goals to disrupt the multi-billion greenback leverage buying and selling market at present dominated by centralized exchanges like BitMEX. Futureswap substitutes order books with automated market making, gives incentives to liquidity suppliers, and makes use of a ‘Dynamic Funding Price’’ for systemwide steadiness between longs and shorts.”

Framework Ventures confirmed that it will offer liquidity to the Futureswap platform by including digital belongings to the preliminary liquidity swimming pools.

Edgeware is a proof-of-stake blockchain platform created by Commonwealth Labs. It’s notably the primary sensible contract layer developed on Polkadot, an answer that “empowers blockchain networks to work collectively beneath the safety of shared safety.”

As defined within the launch, Edgeware’s platform grows via “recursive self-improvement with a deal with on-chain governance.” Community individuals are capable of vote, delegate, and fund enhancements and updates through distributed autonomous organizations, or DAOs, financial mechanisms, and cryptographically secured voting programs.

Framework Ventures has reportedly locked up 20,000 ETH (appr. $1.1 million on the time of lockup) in Edgeware’s lockdrop, so as “to advertise distribution of its community.”

Dillon Chen, CEO at Edgeware, remarked:

“Our relationship with Framework is not like any investor-startup relationship I’ve been part of. They’ve far exceeded our expectations by appearing as a community validator, partaking in on-chain governance, collaborating in neighborhood conversations, and launching protocol instruments.”