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Margin Trading Protocol OpenLeverage Launches on Arbitrum

Cointime Official

OpenLeverage, the permissionless lending and margin trading protocol that enables traders to long/short any trading pair on DEXs, has been launched on Arbitrum One. 

OpenLeverage launched on Ethereum in December 2021, on BNB Chain in February 2022, and onto KCC in April 2022. In June 2022, Binance Labs made a strategic investment in OpenLeverage.

"Our launch will enable all #Arbinauts the opportunity to experience permissionless lending, trading, and borrowing any token", OpenLeverage said on Twitter.

Arbitrum has over $2.9B in TVL(Total value locked) (https://l2beat.com/scaling/tvl) and is optimal for DeFi adoption but lacks a truly permissionless lending and margin trading protocol. According to OpenLeverage, "deploying OpenLeverage on Arbitrum would fill this void and mutually benefit both communities".

"OpenLeverage is the best protocol to support the long-tail market with upcoming or trending tokens with its permissionless margin trading and lending infrastructure. " OpenLeverage wrote in blog post.

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