Binance Labs-backed OpenLeverage is proud to announce the launch of its Permissionless Liquid Markets feature, a game-changing addition to the permissionless platform that offers users unparalleled financial freedom while maximizing returns for borrowers, lenders, projects, and communities.
Leading crypto pledge-lending platforms, such as AAVE and Compound, support only a small fraction of tokens . This exclusion of 99.99% of tokens from lending financial services presents a conundrum that has captured the attention of many in the crypto space. With over 22,000 assets and a market capitalization surpassing $150 billion, the market actively seeks a suitable financial service.
Additionally, OpenLeverage aims to enhance fund usage efficiency by offering more funds to borrow than other platforms. For instance, depositing 1 BNB on Venus lends out about 0.6 BNB of BUSD, whereas on OpenLeverage, the same 1 BNB collateral lends approximately 0.7 BNB of BUSD. This creates a new arbitrage opportunity: lending long-tail tokens with high APY by depositing stablecoins or mainstream tokens like BTC while generating revenue without exposure to long-tail tokens' price fluctuations.As Permissionless Liquid Markets gain recognition among projects,enhances the ability of project owners to offer token rewards. Any project or community can now add trading and lending rewards to any pool on OpenLeverage.