What does LeverFi do?
LeverFi (CRYPTO:LEVER) is an Ethereum-based, permissionless on-chain leveraged trading platform. It utilizes smart contracts to enable leveraged trading, focusing on optimizing asset efficiency. Users can deposit collateral and access borrowing options with leverage up to 10x, along with stop-loss and take-profit features for effective trade management.
LeverFi is actively expanding its capabilities through projects like a margin lending platform, offering lending opportunities for traders seeking leverage. They're also developing perpetual futures for asset price tracking and exploring cross-chain integration with platforms like Polygon and Solana.
The core objective of LeverFi is to enhance asset efficiency, making leveraged trading user-friendly and accessible to traders of all levels. While still in development, it holds the potential to become a leading platform for on-chain leveraged trading with a commitment to continuous improvement and feature expansion.