Thread by @SamuelXeus

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

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.

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?

4/ Increased accessibility

With #OpenLeverage, over 95% of the projects' tokens on #Arbitrum are now available for lending and borrowing, allowing you to make the most of your token holdings.

5/ Customized markets

You can create a market for lending, borrowing, & margin trading for their preferred pairs with just one click, similar to creating a pair on a DEX.

This encourages the growth of long-tail markets by supporting a diverse range of assets.

6/ Enhanced Liquidity

@OpenLeverage connects traders to the most liquid decentralized markets, such as #Uniswap, #PancakeSwap, #SushiSwap, etc.

This helps facilitate more efficient and secure trades while boosting overall liquidity in the #Arbitrum ecosystem.

7/ Permissionless ecosystem

OpenLeverage's permissionless nature means anyone can create lending pools and participate in margin trading for any trading pair available on a DEX.

8/ You can borrow any asset using thousands of supported assets as collateral.

#OpenLeverage also offers higher lending rates compared to other platforms like #Venus, giving lenders more rewards for their assets.

9/ e.g.,

The APY for lending $GMX on #OpenLeverage has reached a whopping 745%+

This means more incentives for users who lend their tokens on the platform, ultimately driving growth and adoption.

How are the lending rewards calculated?

10/ Lending Rewards & Boosted Lending Rewards are incentive mechanisms within the OpenLeverage protocol that encourage users to lend their assets to the platform.

These rewards aim to promote liquidity and participation in the ecosystem.

11/ Lending Rewards

When users deposit assets into lending pools, they receive lending rewards.

These rewards are distributed based on a combination of the lending amount & the duration of time the assets are lent.

12/ You can earn interest on your assets by providing liquidity to the lending pools, making margin trading on #OpenLeverage possible.

Boosted Lending Reward

Boosted Lending Rewards offers an additional incentive if you stake your $OLE-$BUSD LP tokens.

13/ You are qualified for boosted deposit rewards, increasing your lending rewards based on the amount of LP tokens staked & the duration of the stake.

The longer you stake your LP tokens, the higher the staked amount and the more boosted lending rewards you can earn.

14/ $OLE TOKENOMICS

$OLE token is the native token of OpenLeverage, enabling shared community ownership and protocol usage incentives.

It is minted by trading, lending, staking, referring new members, and participating in Clans Clash.

15/ The dual token system of #OpenLeverage promotes liquidity, protocol usage, governance, and self-sustainability.

A total of 1B $OLE was minted and was vested over five years.

16/ If you provide $OLE-$BUSD liquidity on any partner DEX and stake your LP tokens on #OpenLeverage, you will receive xOLE tokens.

You can lock your LP tokens for 2 weeks up to 4 years, with longer lock durations yielding higher xOLE rewards.

17/ GOVERNANCE MODEL

xOLE represents the governance token for #OpenLeverage, allowing users to participate in regular epoch voting rounds.

Up to 47% of the $OLE supply has been designated to the #OpenLeverage DAO fund, continuously providing liquidity incentives.

18/ The governance model of #OpenLeverage ensures that token holders can actively participate in protocol development and decision-making.

This decentralized approach helps align the interests of token holders with the protocol over the long term.

19/ IMO, @OpenLeverage is a game-changer in the DeFi space, offering permissionless lending and margin trading while unlocking new opportunities for Arbitrum's long-tail market.

Its governance model and tokenomics empower users to participate in the protocol’s growth.

20/ DYOR

-Website: openleverage.finance
-Docs: docs.openleverage.finance/main/
-Join TG: t.me/openleverage
-Join Discord: discord.gg/OpenLeverage
-Medium: medium.com/@OpenLeverage