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I promised you a gem yesterday, and all of you asked me to post it no matter what, so here I am.
The gem is $LVX #Levex, a decentralized margin trading protocol enabling ANY (!) ERC20 token to be traded on margin. The code is a fork of #OpenLeverage, but with a few improvments.
The gem is $LVX #Levex, a decentralized margin trading protocol enabling ANY (!) ERC20 token to be traded on margin. The code is a fork of #OpenLeverage, but with a few improvments.
The market cap is tiny, as well the liquidity, so it can pump really fast, but it can also dump as fast, so have this in mind before jumping in. Their app will be released in beta, probably in the next days, so I think it could be a good time to get an entry, if #LVX can deliver.
Margin lending pools provide assets that you can borrow to make a trade on a pair. For $USDC / $LVX there are 2 pools: one with $USDC and another with $LVX. If you want to long, you borrow $USDC from the pool and buy $LVX. If you want to short, you borrow $LVX and sell $LVX.
