Discover and read the best of Twitter Threads about #OpenLeverage
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OpenLeverage is now live on Arbitrum with the Permissionless Money Market!
This expansion is providing more opportunities for Arbitrum's DeFi users to leverage.
What does this mean for DeFi on #Arbitrum?
How can you capitalize?
I will explain, #ùRT 4 Others
This expansion is providing more opportunities for Arbitrum's DeFi users to leverage.
What does this mean for DeFi on #Arbitrum?
How can you capitalize?
I will explain, #ùRT 4 Others
2/ @OpenLeverage is a permissionless lending margin trading protocol that connects traders to trade with the most liquid decentralized markets.
Like #Uniswap, #PancakeSwap, & #SushiSwap, it allows you to use long or short trading pairs on DEXs efficiently & securely.
Like #Uniswap, #PancakeSwap, & #SushiSwap, it allows you to use long or short trading pairs on DEXs efficiently & securely.
3/ @OpenLeverage is now live on #Arbitrum, supporting $GMX, $GNS, $RDNT, and $BFR.
Offering a permissionless money market unleashes more opportunities for Arbitrum's long-tail market.
What does this mean for #OpenLeverage & integrated protocols?
Offering a permissionless money market unleashes more opportunities for Arbitrum's long-tail market.
What does this mean for #OpenLeverage & integrated protocols?
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.
