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OpenLeverage

OpenLeverage

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TVL: $200K

OpenLeverage

OpenLeverage is a permissionless money market for lending, borrowing, and margin trading. It allows users to borrow any asset and take long or short positions on any trading pair available on decentralized exchanges (DEXs). Anyone can create lending and trading pools for any pair on a DEX with a single click, setting default interest rates and risk parameters. The platform facilitates margin trading for thousands of tokens, sourcing the best prices from aggregators like 1inch and various DEXs such as Uniswap, PancakeSwap, and Sushiswap, with significantly reduced borrowing rates. Users can pledge any token as collateral to borrow another token within a pair, provided there is sufficient liquidity. The protocol features isolated and independent lending pools for single-sided token lending, minimizing risk for lenders who earn interest from borrowers. OpenLeverage is a multichain protocol, deployed on Ethereum, BNB Chain, Arbitrum, and KuCoin Community Chain, with plans to expand to other EVM-compatible chains. It aims to create a thriving ecosystem by integrating with various DeFi protocols, yield aggregators, LSD protocols, wallets, and other tools.
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Funding Rounds

Funding Round: Strategic
Funding Date: 22 Jun, 2022