ABOUT LEVER
Lever is essentially an open-source margin trading platform where you can lend, borrow and perform leveraged trading to either buy long/sell short an asset in just one place. For lenders/borrowers, you can lend your idle crypto assets (including your deposit certificates from other lending protocols) to earn interest or use them as collateral to take out loans. And for traders, after making a margin deposit in the margin pool, you will be able to open either long or short positions in a supported asset in Lever with up to 3x leverage. The platform makes use of external AMMs like Uniswap to provide surplus liquidity for margin traders to open positions of any size.
HOW LEVER WORKS
Lever Instruction
1.Deposit: First you need to deposit any supported asset in Lever. The platform supports various assets to be used as collateral, which can start earning interest after depositing.
2.Margin: After depositing, simply head to the Margin section and click on Sell(Short)/ Buy(Long)for the asset pair you want to trade.
3.Opening a Position: Set the amount you need based on your available deposit that would be used as collateral for the loan. Then select the leverage ratio, the system will
automatically convert the maximum amount that can be used for this trade. Users can make a deposit through the Markets and the Dashboard page based on their need for depositing and/or trading. The loan-to-value (LTV) ratio varies from asset to asset. Here are the full steps to use Lever.