Enabling Any Token As Collateral

OpenLeverage
Dec 29, 2021

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We have updated to allow both tokens from any pair as collateral. It means you can now use all other altcoins as collateral, such as PEOPLE, FREE, OHM, SHIB, and more.

Before the update, for example, when trading DYDX-ETH on OpenLeverage, longing or shorting DYDX could only use ETH as collateral. But now, you can use either DYDX or ETH as collateral to long or short.

Altcoin token holders will be able to open a long position through staking the altcoin as collateral, no longer needing to sell their alt coins into stable coins or ETH.

We hope this update provides more opportunity for trading.

If there are any questions, please feel free to reach us!

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OpenLeverage
OpenLeverage

Written by OpenLeverage

A permissionless decentralized lending and margin trading protocol. https://openleverage.finance/, http://discord.gg/openleverage.

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