Position Exchange is a new Decentralized Trading Protocol powered by a vAMM. It operates on Binance Smart Chain initially and aims to bridge the gap between people and cryptocurrency markets while enhancing trading experiences. The protocol offers easy and accessible on-chain Derivatives Trading, allowing users to trade Crypto Derivatives Products transparently and trustlessly. It provides high security, privacy, and plans to expand into other assets in the future. The platform combines the advantages of Decentralized Finance with the experience and tools of Centralized Finance, including high leverage, low slippage, low costs, and limit orders. The liquidity issue is solved using the vAMM. Position Exchange has a user-friendly interface and is empowered by the POSI token, a native deflationary utility token that serves as the backbone of its ecosystem. Unlike other tokens created for crowdfunding or reducing trading fees, POSI distributes all fees and revenues from the protocol back to POSI holders through an on-chain Buy-Back and Burn mechanism. POSI holders can stake, farm, cast NFTs, participate in governance, and shape the platform's future. The vision of Position Exchange is to make Decentralized Derivatives trading easy and available to everyone while building a community-driven platform. Development of the platform started in February 2021, and it was made public a month ago. Features will be developed according to a planned schedule, with the mainnet launch scheduled for September. The platform will then move to multichain to reduce on-chain gas fees, and a mobile app will be released in October.