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/biz/ - Business & Finance

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23549737 No.23549737 [Reply] [Original]

Hello bizlets, I think I found a gem. There’s almost no one in the telegram yet and it’s not live yet but as far as I can tell it looks legitimate

>margin trading
>dex
>trade dai against foreign exchange markets, stocks, or precious metals
>borrowing/lending protocol
>17 page whitepaper

https://leverageprotocol.medium.com/the-fundamentals-of-the-leverage-token-lev-c78a9f7dc59d

t.me/leveragetoken

So, what’s the consensus biz? Should I go all in?

>> No.23549777
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23549777

>>23549737

>> No.23549804
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23549804

>> No.23550086

Does anyone see the implications of this? We could essentially trade with leverage straight from our Ethereum wallet (i.e metamask) on a dex. This has never been done before. Need some insight before it’s too late anons

>> No.23550127

>>23549737
Scam

>> No.23550168

>>23550086
>>23549777
Checked. I think the fact that no one is replying is all you need to know OP

>> No.23550200
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23550200

>>23550127
Care to explain why? Would literally kms if I missed something like this

>> No.23550229

>>23550168
Was thinking the same thing. Guess I will get a bag and let biz buy after the pump

>> No.23550258
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23550258

>>23549737
Wew lad.

>He's forgotten about the ones that matter.

DMM doing all these things with actual money and a team behind them.

>> No.23550304

>>23550168
This
>>23550258
DMM doing so well that shill have to go into other threads to shill it

>> No.23550366

>>23550229
>>23550304
I did some light reading. Their raise is fucked, asking for almost 5k eth. puts it over 1.8 mil mcap starting. Will keep an eye on this but i have doubts about how it will perform.

>> No.23550430

>>23550366
This is one thing that threw me off. Substantially high raise but at the same time unsold tokens will be burned. Guess we will wait and see to get a better idea of how this will perform

>> No.23550700

so basically dy/dx

>> No.23550748

>>23549737
the text is unreadable with that dumb font on their website why do devs do this

>> No.23550768

>>23550700
Dydx doesn’t have a token. I don’t think they have synthetics either, unless I’m wrong

>> No.23550795

>>23550748
Kek someone mentioned that in tg. They said it will be changed soon

>> No.23551615

I'm interested.
What are your favorite leverage dexs for now?
All the dexs I've seen so far have no volume

>> No.23551726

>>23551615
As far as I can tell there really aren’t any dex’s for margin trading. Atleast from metamask that is