Thread by @tonymontanaATH

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 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.

For example, if you use 3x leverage, you need your own 1k $USDC to buy $LVX for 3k $USDC. To open this position, the protocol takes your 1k and adds 2k from the $USDC margin lending pool of $USDC / $LVX pair.

If your trading idea is a winner, when you take profit, the protocol takes back 2k and gives you the rest. If your trading idea fails, then the protocol liquidates your position, when the loss is close to 1k.

Every trading pair on #Levex has its own pools, one with the token, another with the asset this token is paired on #DEX ( $ETH or $USDC most usual). You can’t take $USDC from $USDC / $LVX pool to long another token, you can use funds from pair pool only for trading on this pair.

The main feature of #Levex is the ability to add any token to trade on margin, but this feature can also bring a threat to the whole platform if everyone has access to all the liquidity of the platform.

Simple example - someone creates a token and adds it to #Levex, then longs it with leverage and rugs the token, taking away the Levex liquidity. This is a serious threat to viability of the entire platform.

That's why #Levex team opted for isolated pools, if such unfortunate occasion or exploit happens, it hurts only the pair on which it happened, not the whole platform.

So, I hope you noted that the main difference between #Levex and #OpenLeverage or any other #DEX, is that with Levex you will be able to trade ANY ERC20 token on margin, not just a few selected tokens!

Now few things about #Levex Roadmap.

📅Q1/2023
- Launch of the main Levex eco-system token - $LVX
- Levex margin smart contracts mainnet launch
- Website/App v1

📅Q2/2023
- Integrated Uniswap V2 & V3
- Launch products on Ethereum
- Website/App v2
- Layer 2 solution on Arbitrum and Optimism
- Integration with more DEXs, Margin Trading with Aggregated Liquidity
- Limit orders for margin trading

📅Q3/2023
- Loss insurance
- Decentralized asset management
- Launch products on BSC/Polygon
- Yield Farm Altcoin based on leverage
- Leveraged basket trading
- Delta Neutral strategy with options

👉You can find here everything about how #Levex works: levex.gitbook.io/levex-protocol/

Their trading app beta will be released very soon (a matter of days, probably). Sneak peek below. 👇

✅LP locked for 6 months 🔒
pinksale.finance/pinklock/recor…

✅Team tokens locked
pinksale.finance/pinklock/recor…

✅DAO tokens locked
pinksale.finance/pinklock/recor…

You can trade $LVX on Uniswap
Buy/Sell: 4-5% slippage

$LVX contract: etherscan.io/token/0xe7A5e1…

👉Buy $LVX here: app.uniswap.org/#/swap0xe7A5e1…

$LVX Market Cap: $64,000
Fully Diluted Market Cap: $314,000

As a comparison, $OLE #OpenLeverage has reached today a $50M fully diluted market cap, and it's still 100x from its ATH. Do you see the potential here?

$LVX #Levex can be your 1000x in a few months or next year. HODL!

👉 $LVX official links:

✅Website: levex.one
✅Twitter: twitter.com/Levex_one
✅Telegram: t.me/levex_chat
✅Github: github.com/levexprotocol/…
✅Chart: dextools.io/app/en/ether/p…