Tokenised Forwards
A new onchain primitive for trading, earning, and accessing secure, scalable and optimised liquidity on assets with delayed withdrawals and rewards
Locked liquidity is everywhere in crypto, driven by mechanisms that delay transferability or rewards like (re)staking, yield bearing stables, and wrapped tokens
Today’s liquidity engines aren’t built for duration mechanics, making forward access today, inefficient and costly
Permissionless forward curves that mirror structured, native timelines unlock time value - enabling accurate pricing, deeper liquidity, capital efficiency, and laying foundations for non-USD utility onchain.
FWDX transforms forward exposure into secured, in-kind, institutional-grade liquidity
The protocol is modular by design, with key innovations:

Standard
Curves
Swap AMM
- Each FWDX market pairs a locked asset with its liquid counterpart
- Standardised curves feature expiries aligned with underlying timelines
- Clearing levels at expiry are driven by a bespoke, dynamic forward money market model
- Initial markets focus on stablecoins, and (re)staking and wrapped tokens
FWDX is built for any token, issuer, or product with delayed withdrawals at any stage of their lifecycle