OpenLeverage

The rewards for the OpenLeverage Telegram Bot activity have been distributed. Participants can claim their OLE rewards from January 22nd to February 12th. The list of winners can be found on the provided link.

KuCoin has announced the launch of an exclusive OpenLeverage ($OLE) trading campaign. Traders have the chance to win $10,000 OLE rewards.

The OpenLeverage platform has announced an update to the interest rate curve for major token pairs. The new curve ranges from 10% to 36% at the kink point, ensuring a more sustainable ecosystem for borrowers and lenders. Borrowers will still enjoy a positive yield due to borrowing OLE rewards, while lenders will receive additional incentives. The update aims to balance supply and demand, promote responsible borrowing, and boost liquidity provision for a more robust DeFi ecosystem.

If you've registered and linked your account with the OpenLeverage Telegram bot but it is now listed as a 'Deleted Account,' you can reactivate it by searching @OPL_Official_Bot in the Telegram search box. This will help you quickly reconnect with the bot.

Crypto.com will be supporting the migration from OLE V1 to V2. Deposits and withdrawals will be temporarily paused on Jan 15, 2024, to facilitate the transition. Trading of OLE will remain uninterrupted during this time.

OpenLeverage has released their Telegram Bot, offering efficient lending, borrowing, and margin trading across 1000+ pairs. The first 100 users to link their addresses to the bot will receive 1000 OLE tokens. The bot provides notifications about high APY lending and borrowing opportunities, daily updates on positions and market insights, instant alerts on new markets, and information on new rewards.

The OLE token migration from version 1 to version 2 on KuCoin has been completed successfully. KuCoin has reopened the deposit and withdrawal services for the new OLE V2 tokens, ensuring a seamless trading experience. It is important to note that KuCoin no longer supports the deposit and withdrawal of old OLE V1 tokens to prevent the loss of assets.

OpenLeverage has temporarily suspended the borrowing and deposit functions in all BUSD markets and lending pools to ensure the health and sustainability of the platform. Users are encouraged to promptly repay their debts, with interest rates increasing by 10% every 12 hours to motivate quick settlements while maintaining platform liquidity and stability.

The OpenLeverage frontend does not reference any Ledger libraries, but users are advised to postpone on-chain transactions until further clarification.

Lodestar and OpenLeverage are partnering to create a first-of-its-kind voting gauge and bribe market. Users can enjoy trading, lending, and borrowing with $LODE tokens. Participants in lending, borrowing, and trading will receive $500 in OLE and $500 in LODE rewards.