OpenLeverage Price (OLE)

What is OpenLeverage?

OpenLeverage is a permissionless margin trading protocol that enables traders or other applications to long or short any trading pair on DEXs efficiently and securely.

What’s OpenLeverage‘s mission/goal?

Our mission is to create an entirely permissionless decentralized margin trading infrastructure. Therefore, no permission is necessary to create margin trading markets for token pairs, with each pair featuring isolated and market-adjusted risk controls. 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. We believe that the transition to a native financial layer on the internet is an essential step for humanity. It is free, frictionless, and not controlled by anyone.

Who can create a new trading pair?

Any account with a decentralized wallet address can create a new trading pair lending pool between the tokens, as long as the pair exists on the DEX. If the pair does not exist, the user needs to create the pair on the DEX before creating the market on OpenLeverage.

What will OLE be used for?

OLE is the utility and governance token for OpenLeverage. Users who hold and lock OLE will be eligible for a wide range of benefits including governance over protocol decisions, reduced trading fees, boosted lending rewards, and many other benefits.