OpenLeverage is a decentralized borrowing and margin trading protocol that allows traders to go long or short on any trading pair on DEXs. With multi-chain deployment planned, OpenLeverage connects AMM DEXs to EVM-compatible chains like BSC, Avalanche, and Polygon. This article provides an introduction to OpenLeverage and analyzes its investment potential.
OpenLeverage’s features and competitive advantages
OpenLeverage utilizes the depth of DEXs like Uniswap instead of building its own, allowing support for thousands of coin pairs. This gives it an advantage over protocols like DyDx. OpenLeverage also plans features like social trading, flash loans, and stop-limit orders.
Recent funding and development plans
OpenLeverage raised $1.8 million in seed funding from investors like Signum Capital and LD Capital. It plans to launch its governance token and DAO in 2022 to drive protocol usage through decentralized governance.
Potential upside for investors
As an early-stage project with strong funding and development plans, OpenLeverage has significant upside potential. Its competitive edge in supporting thousands of coins also gives it an advantage.
With features like utilizing DEX depth for leverage across thousands of coins, OpenLeverage offers unique value. Its seed funding, planned features, and 2022 token launch make it an interesting early-stage DeFi investment.