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OpenLeverage launches Mainnet on Ethereum

December 20, 2021 - Around 2 mins mins to read

 

OpenLeverage, a permit-free credit and margin trading protocol, announced today that it will launch its mainnet on Ethereum. The permissionless design of the protocol allows users to open a leveraged trading market for any trading pair that integrates with the liquidity offered on decentralized exchanges.

OpenLeverage has announced that it will reward the community based on the use of the protocol to incentivize community engagement. The reward will be included in OpenLeverage’s native $ OLE token.

OpenLeverage launches Mainnet on Ethereum 5

OpenLeverage allows anyone to create a pair of loan funds that support margin trading for specific pairs on the DEX. It works by introducing OnDemand Oracle, which is based on the Time Average Price (TWAP) offered by DEXs, to protect positions from price manipulation and rapid credit attacks while allowing borrowing and margin trading for any pair with sufficient liquidity. The credit pools are separated by market and additionally protected by an integrated insurance that compensates lenders in the event of insolvency.

AMM-based DEXs are a thriving ecosystem that enables communities to already have permission-free spot trading and is growing steadily, even in EVM-incompatible chains such as SOL. At the same time, hundreds, if not thousands, of native trading pairs on DEXs are still lacking support for margin trading and lending. With the introduction of the OpenLeverage Protocol, communities will access margin trading and provide support for their token pairs while increasing the trading volume and depth of liquidity pools on DEX.

At the start, the OL protocol is provided in the Ethereum mainnet and integrated in Uniswap V2 and V3. According to the team, “OpenLeverage will soon have multi-chain and layer 2 implementations for BSC, Avalanche, Polygon, Solana via Neon Lab and Arbitrum, integration with DEX including pancakeswap, sushi swap, Trader Joe, and more options,” said The team. Future.”

At the time of going to press, over 57,000 unique addresses had accessed the OpenLeverage Testnet, with over 173,000 processed transactions from 260 markets and over 36,700 active positions.

Earlier this year, OpenLeverage completed an oversubscribed seed investment round led by Signum Cash and LD Capital. Other well-known investors also took part in the seed round, including FBG Cash, Go on Cash and the YBB Foundation.

OpenLeverage completed the audit with PeckShield and CertiK.

# Ethereum

#Bitcoin

#Mainnet

#OpenLeverage

crypto

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

OpenLeverage launches Mainnet on Ethereum

 

OpenLeverage, a permit-free credit and margin trading protocol, announced today that it will launch its mainnet on Ethereum. The permissionless design of the protocol allows users to open a leveraged trading market for any trading pair that integrates with the liquidity offered on decentralized exchanges.

OpenLeverage has announced that it will reward the community based on the use of the protocol to incentivize community engagement. The reward will be included in OpenLeverage’s native $ OLE token.

OpenLeverage launches Mainnet on Ethereum 5

OpenLeverage allows anyone to create a pair of loan funds that support margin trading for specific pairs on the DEX. It works by introducing OnDemand Oracle, which is based on the Time Average Price (TWAP) offered by DEXs, to protect positions from price manipulation and rapid credit attacks while allowing borrowing and margin trading for any pair with sufficient liquidity. The credit pools are separated by market and additionally protected by an integrated insurance that compensates lenders in the event of insolvency.

AMM-based DEXs are a thriving ecosystem that enables communities to already have permission-free spot trading and is growing steadily, even in EVM-incompatible chains such as SOL. At the same time, hundreds, if not thousands, of native trading pairs on DEXs are still lacking support for margin trading and lending. With the introduction of the OpenLeverage Protocol, communities will access margin trading and provide support for their token pairs while increasing the trading volume and depth of liquidity pools on DEX.

At the start, the OL protocol is provided in the Ethereum mainnet and integrated in Uniswap V2 and V3. According to the team, “OpenLeverage will soon have multi-chain and layer 2 implementations for BSC, Avalanche, Polygon, Solana via Neon Lab and Arbitrum, integration with DEX including pancakeswap, sushi swap, Trader Joe, and more options,” said The team. Future.”

At the time of going to press, over 57,000 unique addresses had accessed the OpenLeverage Testnet, with over 173,000 processed transactions from 260 markets and over 36,700 active positions.

Earlier this year, OpenLeverage completed an oversubscribed seed investment round led by Signum Cash and LD Capital. Other well-known investors also took part in the seed round, including FBG Cash, Go on Cash and the YBB Foundation.

OpenLeverage completed the audit with PeckShield and CertiK.
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