The Leverage feature on defi.money is now officially live!
Leverage & Going Long | In layman's terms it means you expect the price of an asset to go higher, so you increase your exposure to that asset. In other terms, it's using credit (i.e. borrowing against collateral) to enhance one's speculative capacity.
It's a great feature for users, and one that brings far more utility and revenue to the protocol, so let’s dive in 👇
It's pretty simple, using the defi.money CDP mechanism - users borrow against their collateral (e.g. $wBTC) and then the protocol loops it. It essentially repeats the process of borrowing $MONEY, and buying more $wBTC, until you’ve mixed out the collateral (aka Looping).
This is all done internally of course and abstracted away from the UX/UI.
At the time of writing this, these are the current markets available for leverage:
Optimism | $OP, $VELO, $wBTC, $wETH, $wstETH,
Arbitrum | $ARB, $GMX, $PENDLE, $wBTC, $wETH, $wstETH
Base | $AERO, $cbBTC, $cbETH, $wETH, $wstETH
Fancy any of these assets? Give Leverage a try today 👇
Welcome to a new era of $MONEY
This is a huge feature for the defi.money protocol as it’ll drive increased demand for $MONEY and ultimately velocity of the protocol at large.
With the CDP and Leverage components now complete, we’ve got a whole new paradigm coming that'll truly transcend the stablecoin space....so stay tuned anon!
Upwards and onwards,
Team @defi.money
About defi.money
WELCOME TO THE NEW DIGITAL ERA OF $MONEY
