In the evolving landscape of decentralized finance (DeFi), OpenLeverage emerges as a pioneering force, offering a permissionless margin trading protocol that integrates seamlessly with decentralized exchanges (DEXs). Imagine being able to long or short any trading pair with efficiency and security, bypassing traditional gatekeepers. OpenLeverage doesn't just facilitate trading; it democratizes it. Whether you are a retail investor or an institutional player, the platform invites you to explore a decentralized financial ecosystem where users have full control and visibility. Ready to dive deeper into this innovative protocol? Discover how OpenLeverage is redefining the dynamics of margin trading and lending in the crypto world.
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. By eliminating the need for permission to create margin trading markets for token pairs, OpenLeverage offers a decentralized, transparent, and secure trading environment. This protocol is designed to integrate with the global DeFi ecosystem, providing decentralized lending, derivatives trading, and asset management infrastructure.
OpenLeverage's Mission and Goal
The mission of OpenLeverage is to create an entirely permissionless decentralized margin trading infrastructure. This means 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. The platform believes 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. This open-access approach ensures that anyone can participate in the ecosystem, fostering innovation and inclusivity.
The Utility and Governance of OLE Token
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. The OLE token serves multiple purposes within the OpenLeverage ecosystem:
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Incentives and Community Usage: The OLE token provides incentives for users to participate in the ecosystem. Users can earn OLE by trading, lending, referring new members, and participating in various activities. The token is minted through these activities and has a perpetual inflation rate of 3% per year to ensure the community has resources to contribute to the protocol.
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Rewards and Incentives: OpenLeverage offers various rewards and incentives to users, including staking and fee rewards, trading rewards on volume, and retroactive rewards for historical lenders, traders, and NFT holders. Users can also earn OLE by staking LP tokens to xOLE, which is the governance token for OpenLeverage.
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Governance: OpenLeverage is a decentralized autonomous organization (DAO) governed by xOLE token holders. The OLE token is used for governance purposes, allowing the community to shape the protocol's future by participating in decision-making processes.
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Security Emphasis: The protocol has a strong focus on security, with full-length audits from Certik and Peckshield, as well as partnerships with Code4rena for security reviews and gas optimization. The OLE token's emphasis on security helps protect user funds and maintain trust in the platform.
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Dual Token System: The protocol employs a dual token system, with OLE as the native token and xOLE as the governance token. This system promotes liquidity, protocol usage, governance, and self-sustainability.
Tokenomics and Distribution Model
The total supply of OLE is 1,000,000,000 tokens, which have been minted and will be vested over five years, starting when OLE becomes transferable. The distribution model of OLE includes the following:
- DAO Treasury for Community Incentives: 45.00% or 450,000,000 tokens are allocated to the DAO treasury for community incentives. These incentives include retrospective rewards, trading, lending, xOLE holders rewards, campaigns, and marketing events.
- Ecosystem Development Treasury: 9.60% or 96,000,000 tokens are allocated to an ecosystem development treasury to support the growth and development of the OpenLeverage ecosystem.
- Past Investors of the OpenLeverage Foundation: 28.40% or 284,000,000 tokens are allocated to past investors of the OpenLeverage Foundation, who have supported the project financially.
- Founders, Employees, and Advisors: 17.00% or 170,000,000 tokens are allocated to founders, employees, and advisors, who have contributed to the project's development and success.
After five years, a maximum perpetual inflation rate of 3.00% per year will increase the supply of OLE, ensuring the community has the resources to continue contributing to the protocol.
Current Market Data
As of the latest data, the market statistics for OLE are as follows:
- Current Price: $0.0457
- Market Cap: $8,620,613.42
- 24h Price Change: 0.68%
- 7d Price Change: -3.38%
- 30d Price Change: 361.49%
- 24h High: $0.0535
- 24h Low: $0.0450
- All-Time High: $5.0040 (2022-07-07)
- All-Time Low: $0.0066 (2023-09-12)
- Circulating Supply: 188,630,573.00
- Total Supply: 1,000,000,000.00
The Team Behind OpenLeverage
The OpenLeverage crypto token is backed by a team of experienced professionals in the blockchain and fintech industries. The core team includes two co-founders, Tom and Jackie, who have a combined experience of over ten years in the blockchain industry.
- Tom: A senior practitioner with over six years of experience in the blockchain industry and has worked as a trader in the international commodity market. He has successfully incubated more than 30 crypto-related projects and brings his rich experience and professionalism to the project.
- Jackie: A serial blockchain fintech entrepreneur with over 14 years of experience in derivatives trading, risk management, and blockchain-based financial system design. She previously worked at Goldman Sachs on quantitative asset management and FX derivatives electronic trading, then joined HSBC in the equity derivatives space. Before OpenLeverage, Jackie founded a fintech company building a blockchain-based fintech solution for banks and enterprises. She earned her master's degree in Computer Science from the University of Manchester in the UK.
The core development team of OpenLeverage comprises professionals with a background in blockchain solutions and fintech
