OLE stands for OpenLeverage, which is a permissionless lending and margin trading protocol. It provides aggregated DEX liquidity, allowing traders to efficiently and securely long or short any trading pair on DEXs. With OpenLeverage, anyone can create lending pools to support margin trading for specific token pairs with liquidity pools on DEXs.

OpenLeverage is currently deployed on Ethereum, the BNB chain, and KCC. It has achieved significant milestones, including crossing $700 million in Total Trading Volume and $14.5 million in TVL. OpenLeverage is incubated by Binance Labs and Creative Destruction Lab, and it has undergone security audits from PeckShield, Code4Rena, and CertiK.

For more information about OpenLeverage (OLE), you can visit our BYDFi Blog.

OpenLeverage is a permissionless margin trading protocol that allows traders or other applications to efficiently and securely long or short any trading pair on DEXs.

Our mission is to create a completely permissionless decentralized margin trading infrastructure. This means no permission is required to create margin trading markets for token pairs, with each pair having isolated and market-adjusted risk controls. OpenLeverage aims to build a decentralized crypto securities service for retail and institutional clients, providing decentralized lending, derivatives trading, and asset management infrastructure that integrates with the global DeFi ecosystem. We believe that transitioning to a native financial layer on the internet is a crucial step for humanity. It is free, frictionless, and not controlled by anyone.

Any account with a decentralized wallet address can create a new trading pair lending pool between the tokens, as long as the pair exists on the DEX. If the pair does not exist, the user needs to create the pair on the DEX before creating the market on OpenLeverage.

OLE is the utility and governance token for OpenLeverage. Users who hold and lock OLE will be eligible for a wide range of benefits, including governance over protocol decisions, reduced trading fees, boosted lending rewards, and many other benefits.