OpenLeverage Joins Berry Eco-system
On March 18th, Berry Data and OpenLeverage reached a community partnership, which both parties will work on marketing aspect.
OpenLeverage is a permissionless lending margin trading protocol that enables traders or other applications to be long or short on any trading pair on DEXs efficiently and securely.
- Margin Trading with Liquidity on DEX, connecting traders to trade with the most liquid decentralized markets like Uniswap, Pancakeswap, and more.
- Risk Isolation Lending Pools, having two separated pools for each pair, and different risk and interest rate parameters, allow lenders to invest according to the risk-reward ratio.
- Risk Calculation with Real-time AMM Price, calculating collateral ratio with real-time AMM price for any pair available from a DEX.
- OnDemand Oracle uses TWAP prices provided by Uniswap to detect price manipulation and force price updates to make it valid for trading and liquidation.
- LToken, is an interest rate-bearing token for each lending pool, allowing third-parity to incentivize their community to provide liquidity into the lending pools into support margin trading for their token pairs.
- OLE Token, the protocol native token, mint by protocol usage, and stake to get rewards and protocol privileges.
- Very intuitive and user-friendly UI design
With more than 12k active trades, $7M in TVL, and thousands of active users, OpenLeverage is a rapidly-growing permissionless margin trading protocol on the Ethereum and the BNB Chain mainnets. The community partnership allows our community members to participate in their trading campaigns to earn rewards.
They currently have active campaigns for users to participate in:
1️⃣2.5M OLE Rewards For 15 Top Pairs on the BNB Chain, lasting until March 22, 2022, at 12 PM UTC.
2️⃣Their Invitation League, where 46.6% of the trading fees will be distributed to the 3 top referrers at the end of each epoch. Of the pool, first place will receive 50%, second place will receive 30%, and third place will receive 20%.
For example, if the BNB/BUSD market accumulated fees of $5,000 worth of tokens in an epoch, $2,330 worth of BNB and BUSD will be distributed to the three top referrer’s addresses.
- First place ($2,330 x 50%) = $1,165
- Second Place ($2,330 x 30%) = $699
- Third Place ($2,330 x 20%) = $466
The Referral Program is also live, where users can get up to 25% of your friend’s rewards. For example, if your friends earn 100 OLE tokens, you can earn 25 OLE tokens. Your friends earn and you can get rewarded, too.
About Berry Data
Berry Data is a transparent community-veriﬁed price oracle on BSC (Binance Smart Chain). Berry Data provides a trustless and decentralized alternative for off-chain data. Also, it provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data.
Berry Data is an oracle system where parties can request the value of an off-chain data point and miners compete to add this value to an on-chain data bank, accessible by all dApps on Binance Smart Chain (BSC). The inputs to this data bank are secured by a network of staked miners. BERRY utilizes crypto-economic incentive mechanisms, rewarding honest data submissions by miners and punishing bad actors, through the issuance of Berry’s governance token, BRY, and a dispute mechanism.