KuCoin, one of the world's top cryptocurrency exchanges, has announced that OpenLeverage native token OLE will make its global debut on KuCoin exchange.
KuCoin will open trading for the pairs OLE/USDT and OLE/KCS on July 7 at 10 AM UTC, the exchange announced.
OpenLeverage is a permissionless lending and margin trading protocol with aggregated DEX liquidity, enabling traders to long or short any trading pair on DEXs efficiently and securely. 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. Important milestones include crossing $690 million in trading volume and $13.5 million in TVL. OpenLeverage is incubated by Binance Labs, Crypto.com Capital, and Creative Destruction Lab (CDL). It has received security audits from PeckShield, Code4Rena and CertiK.
KuCoin is a top cryptocurrency exchange offering users the ability to buy, sell, and trade cryptocurrencies. In addition to basic trading options, the platform offers margin, futures, and peer-to-peer (P2P) trading. Users can also choose to stake or lend their crypto to earn rewards.
OLE Token
There is a total of 1 billion OLE minted. When OLE becomes transferable, approximately 46,000,000 of the OLE supply will be put in circulation.
OLE serves as the native token. Users are encouraged to stake OLE to obtain the governance token xOLE. Users receive xOLE for providing OLE-BUSD liquidity on a designated partner DEX and subsequently staking their LP tokens on OpenLeverage into a time-escrowed contract.
xOLE holders will get the following benefits and privileges:
- Receive 50.00% of generated trading fees from the epoch.
- Receive more OLE tokens, further increasing the field for LP locking.
- Up to 2.4x earning boost on lending and trading according to the LP value locked and the time left to unlock.
- Participate in governance for incentive distribution.
Company details
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OrganizationOpenLeverage
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Website:
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Dan Burgin
Alex Dovbnya
Vladislav Sopov