Fulcrum + Fortmatic, opening up more possibilities to lend and margin trade
Today we are celebrating the official public launch of Fulcrum —a new product created by one of our earliest launch partners, bZx, to offer a dead simple way to lend and margin trade tokens on top of Ethereum.
I spoke with Tom and Kyle in March, and in three months, the bZx team has made incredible progress with Fulcrum. Users can execute a margin trade within a couple of clicks, choosing between long / short / 1–4x leverage, uniquely offering trading options for users with different risk profiles. On top of this, users can access Fulcrum using any modern desktop / mobile browsers, without having to download any browser extensions or mobile wallets. And even more impressively, Fulcrum has gone live with $750,000 in liquidity on the first day!
We’re very excited about the incredible progress and momentum in Decentralized Finance (DeFi). It started from tokens, ICOs, and then in 2019, evolved into a vibrant ecosystem with the introduction of various protocols that enables earning, exchanging, lending, borrowing, and token baskets — composable financial primitives that, when combined, can provide immense and tangible value to actual end-users and developers. Fortmatic is extremely fortunate to be supporting this phenomenal movement towards a transparent and connected financial system with our partners bZx, Set, Radar, Cent, Zerion, and many more exciting integrations to come!
You can also read Fulcrum’s launch article here.
If you are interested in learning more about Fortmatic, and integrating with us, make sure to join us in our Discord channel or tag us on Twitter!
