Leverage Your Crowns with WOWSwap and Seascape!
So what exactly is leverage trading? Basically, it’s a financial strategy that allows a trader to gain more market exposure with a smaller initial investment. When using leverage, a trader borrows funds from an external party to increase their position, which will be repaid in the future with interest. With leverage, a trader puts forward a portion of their position (for example 20% for a 5X leverage) meaning that any profit or loss made would be increased by the same 5X factor when looking at the initial capital the user put forward. Despite the fact that a trader only holds a portion of the leveraged position, the trader’s profit or loss is determined by the overall value of the position. As a result, trading with leverage will result in a multiplied benefit or loss. But for the clever traders that spend their time on Seascape, the sky is truly the limit!
And now on WOWSwap, players can get in on the action as well! Here’s how:
Choose which coin you’d like to swap for pCWS. However, due to limited pool availability, if you want in on that good leveraging action, choose BNB or BUSD. You can check out their APYs by clicking on Earn.
Select your leveraging amount up to 5x!
Hit swap and get your hands on some sweet proxy tokens, which can be exchanged for your proper earnings.
Make sure to keep an eye on your Health and stay above your liquidation maintenance, which is basically the minimal amount required to have to maintain your position and avoid liquidation. Users are required to pay hourly interest based on leverage and pool utilization rate, so factor this into your calculations. Losses are very real and very permanent, so be smart with your coin.
There’s also good news for those who liquidate loss-making positions: liquidation rewards. These are rewards given to margin callers, and it comes from the collateral of the initial investment.
For those who want to dig more into the nitty gritty of how it works, check out https://wowswap-io.medium.com/wowswap-launched-the-first-leveraged-trading-protocol-on-binance-smart-chain-4aecb5fc0bc3 as well as the rest of their Medium to get more information!
Seascape and WOWSwap want to multiple your rewards, so stay tuned for EVEN MORE opportunities to earn! Be safe, be smart, and stay on the cutting edge.
Your Game. Your Rules.
Enjoy the Seascape.