Hot Cross partners with OpenLeverage
Hot Cross partners with OpenLeverage, a permissionless margin trading protocol. OpenLeverage Protocol’s mission is to create an entirely permissionless decentralized margin trading infrastructure.
For the long term, OpenLeverage aims to build a decentralized crypto securities service for retail and institutional clients, providing decentralized lending, derivatives trading, and asset management infrastructure, which integrates with the global DeFi ecosystem.
How OpenLeverage Works
- Decentralized Margin Trading
Margin trading is a method of trading assets using funds provided by a third party. Compared to regular trading accounts, margin accounts allow traders to access greater sums of capital, allowing them to leverage their positions. Essentially, margin trading amplifies trading results so that traders can realize bigger profits on successful trades.
- Lending
The OpenLeverage protocol contains lending pools for users to place leverage trades. Moreover, to maintain risk isolation, each trading pair has an independent lending pool. Additionally, users can provide any asset to the OpenLeverage protocol lending pools. The lending pools of different trading pairs are independent, even if using a similar asset. For example, the wETH tokens of the wETH-USDT trading pair and the UNI-wETH trading pair will be allocated into two different pools of funds.
- Liquidation
All asset pairs experience different volatility by nature. Furthermore, to support a permissionless margin trading market, isolated pools are needed with risk parameters associated with the pair. As a result, each pair has its collateral ratio, according to the pair’s volatility and the block time and throughput of the chain. Additionally, the protocol can support from 1.5X to 10X leverage trading.
Additionally, OpenLeverage is rich with features that enable users to lend and margin trade in a permissionless infrastructure.
Understanding Hot Cross
Hot Cross is best understood as a lot of cool applications that you can use across multiple blockchains, but; the Hot Cross Token is the glue that brings a lot of those applications together and makes them better.
The Hot Cross Product Suite
- Cross Connect — a connector component that helps users to interact with Hot Cross DApp. It is also integrated into every Hot Cross app. Cross Connect supports connecting to multi EVM networks. 1 unique UI/UX across Hot Cross product suite.
- NFT Staking — multi-chain NFT staking DApp
- Cross Bosses — 8,040 unique, 1/1 NFTs generated with various body types, backgrounds, glasses, eyes, mouths, hats, accessories, and abilities.
Furthermore, the Hot Cross Token ($HOTCROSS) is a non-inflationary token.
ABOUT Hot Cross
Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive.
ABOUT OpenLeverage
OpenLeverage is a permissionless lending margin trading protocol that enables traders or other applications to long or short on any trading pair on DEXs efficiently and securely.
RESOURCES
Hot Cross
