Since exploding in 2020, decentralized finance has been gaining great attention and popularity, which can often be seen in mainstream media’s headlines. With the exponential growth, DeFi has recorded a total value locked of $41.29 billion, with lending and decentralized exchange products taking up almost 90%.
Lending and trading are the two areas in the current DeFi space with the most TVL. However, they are practically isolated from each other, leading to extremely low capital efficiency. Rare lending protocols support spot or even margin trading, and most DEXs don’t provide loans. Also, even though users get transferable and tradable deposit certificates after depositing in lending protocols, there are few platforms to actually facilitate the financial use of them.
Therefore, Lever is developed to bridge the gap between lending protocols and DEXs, increasing capital efficiency in DeFi.
As mentioned above, according to our observations, the problems in DeFi mainly lie in the following aspects:
Lever is an open-source margin trading platform where you can lend, borrow and perform leveraged trading to either buy long/sell short an asset in just one place.
For lenders and/or borrowers, you can lend your idle crypto assets (including your deposit certificates from other lending protocols) to earn interest or use them as collateral to take out loans.
And for traders, after making a margin deposit in the margin pool, you will be able to open either long or short positions in a supported asset in Lever with up to 3x leverage. The platform makes use of external AMMs like Uniswap to provide surplus liquidity for margin traders to open positions of any size.
Using Lever, you can comfortably leverage your available capital for larger gains.
Lever’s solution and features
The project is managed by experienced experts in the field of blockchain development. As the first AMM-based decentralized lending and margin trading platform, Lever serves as a pioneer to other decentralized exchanges. Also, with the innovative features and benefits that come with using Lever, it is sure to lead DeFi to the next level and enrich the ecosystem.
Lever’s testnet has already gone live and will be ready for its mainnet launch and initial DEX offering soon. Join the Lever community for more updates:
Site: https://lever.network/
Twitter: https://twitter.com/LeverNetwork
Telegram: https://t.me/LeverNetwork
Medium: https://medium.com/@LeverNetwork