OpenLeverage

A community member started a 10x BTC/USDT trade at $20k with low transaction fees and is enjoying borrowing rewards of nearly $300/epoch, compared to paying high interest rates elsewhere.

OpenLeverage has made their TypeScript SDK available, allowing users to automate their lending. Borrowing and Margin Trade support will be added soon. Feedback is welcome on the Discord channel.

The OpenLeverage community has announced the launch of Epoch 24. In this epoch, the incentives for borrowing have been adjusted to improve capital efficiency. The referral program has been retired, and new market rewards are expected to be introduced tomorrow.

OpenLeverage is making a pivotal shift in how incentives are allocated, moving away from the community vote-based model. The updated incentive allocation emphasizes harmonizing the existing market, catalyzing new market integration, and amplifying xOLE rewards. The objective is to elevate the product, reward long-term OLE holders, and appreciate contributors. More details will be provided when the new epoch starts.

The dynamic interest model with new base rates is now live on BNB. Rates have shifted to draw more liquidity. Lenders are encouraged to act swiftly to capitalize. The Arbitrum dynamic interest will be available tomorrow.

Epoch 22 xOLE staking fee rewards have been distributed and $OLE can be claimed from Sep 28 to Oct 19.

OpenLeverage has proposed new interest rate levels to boost liquidity and capital efficiency. They are inviting the community to cast their votes on the proposal.

The ongoing Epoch 23 of OpenLeverage has allocated rewards based on the community voting results. The voting included the allocation of borrowing and lending pools for Epoch 22. The voting closed on September 20.

OpenLeverage reminds the community that their platform is permissionless and allows for speculation and hedging. Although risk controls like collateral ratio and insurance are in place, it is important for users to do their own research (DYOR) and trade responsibly.

OpenLeverage is excited to announce that they will be hosting a Twitter Space event with Biswap. The event will take place on September 13th at 01:00 PM UTC and there will be a giveaway of $150 worth of OLE and $150 worth of BSW.