Trader Opens $1M Gold Position with $9.7K Using 100x Leverage on Ostium
A trader on Ostium executed a nearly $1 million gold (XAU) position using just $9,700 in collateral, leveraging 100x with minimal price impact of 0.005%.
**Key Details:**
- Position size: ~$1,000,000
- Collateral required: $9,700
- Leverage: 100x
- Price impact: 0.005%
This demonstrates the efficiency of onchain gold trading, where traders can access significant exposure to traditional assets with minimal capital requirements and slippage. The trade highlights Ostium's capabilities as a platform for leveraged commodity trading.