Introduction of OpenLeverage
OpenLeverage is an unauthorized loan margin trading protocol that allows traders or other applications to efficiently and safely long or short on any trading pair of DEX.
Key features:
- Margin trading with liquidity of DEX. Connect traders to the most liquid and decentralized markets such as Uniswap, PancakeSwap and SushiSwap.
- Lenders can make investments based on the risk-reward ratio thanks to risk isolation lending pools, which include two independent pools for each pair and various risk and interest rate parameters.
- Risk calculation using real-time AMM price, collateral ratio calculation using real-time AMM price of each pair available from DEX. Trade OLE with MEXC Global.
- OnDemand Oracle uses the DEX's TWAP pricing to identify price manipulation and compel price changes that make the prices suitable for trade and liquidation.
- LToken is an interest-bearing token for each loan pool, allowing third parties to incentivize the community to provide liquidity to the loan pool and support margin trading for token pairs.
- The native token of the protocol, or OLE Token, is created through protocol usage and staked to receive benefits and privileges.
Unique sales proposal：
- Anyone may establish loan pools with default interest rates and risk parameters for each trading pair offered on a DEX, which the community may modify through the governance process.
- With only one click, traders may leverage trade with hundreds of pairings from DEX.
- Lenders can donate assets to the loan pool, earn interest on borrowed assets, earn OLE rewards, relocate LTokens and earn rewards by participating in reward programs for other projects. By doing so, you can earn higher profits.
MEXC will list OpenLeverage (OLE) in the Assessment Zone and open trading for the OLE/USDT and OLE/USDC trading pair.
Deposit OLE and claim from a 1,000 MX prize pool
Activity Period: 2022-07-06 17:00 - 2022-07-09 16:00 (UTC)
During the activity period, users who deposit OLE with a net deposit of no less than 50 USDT equivalent of OLE could share a total of 1,000 MX prize pool in proportion to the net deposit amount.
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