OpenLeverage —Permissionless Margin Trading ProtocoL
OpenLeverage is a permissionless margin trading protocol, which enables traders to long or short any trading pair on DEXs efficiently and securely. The mission of OpenLeverage Protocol is to create an entirely permissionless decentralized margin trading infrastructure. Therefore, no permission must be needed to create a margin trading market for any pair. This is a stance the development team put into the protocol design.
Key Features:
- Margin Trading with Liquidity on DEX, connecting traders to trade with the most liquid decentralized markets like Uniswap, Pancakeswap, and more.
- Risk Isolation Lending Pools, have two separate pools for each pair, and different risk and interest rate parameters for each pool, which allows lenders to invest according to the risk-reward ratio.
- Risk Calculation with a Real-time AMM Price, calculates collateral ratio with real-time AMM pricing for any pair available from a DEX.
- 2 Phases Liquidations, forces a liquidation to be completed in two different transactions to avoid flash loan attacks and cascading liquidation events.
- LToken, an interest rate bearing token for each lending pool, allows tokenomics integration with projects.
- OLE Token, a governance token, minted by protocol usage which allows holders to vote or stake to get rewards and protocol privileges.
- An intuitive and user-friendly UI designed for decentralized margin trading.
With OpenLeverage, anyone can create lending pools for any trading pair available on a DEX, with default interest rate and risk parameters, which the community can change via the governance process. Lenders can earn higher yields by depositing assets into the lending pools, earning interest from borrowed assets, receiving OLE rewards, or receiving rewards by re-staking their LTokens to join other projects’ reward programs.
$OLE Tokenomics
The $OLE token is the governance token that allows users to vote, as well as stake to get rewards and other protocol privileges. Users can mine OLE through borrowing, lending, liquidating positions, farming, or inviting friends to join the protocol.
Full details of the tokenomics will be provided before the OLE token launch in an Initial DEX Offering (IDO).
