HomeCoinsAvalanche (AVAX)Marginswap Expands DeFi Opportunities on Avalanche with Cross Margin Trading Capabilities |...

Marginswap Expands DeFi Opportunities on Avalanche with Cross Margin Trading Capabilities | by Avalanche | Avalanche | May, 2021

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Marginswap has launched its decentralized money market on Avalanche to support spot and cross margin trading for AVAX, PNG, WBTC, ETH, and USDT. Traders will be able to borrow up to 5x their deposits (borrowing multiple depends on lending pools).

All crypto assets supported for trading on Marginswap can also be borrowed against different crypto assets as collateral. Users can capitalize on supported “idle” assets by lending these assets to traders and borrowers in a completely permissionless manner.

  1. Tokens are selected based on liquidity on Pangolin.

For Marginswap, deploying on the Avalanche blockchain enables its users to finally trade without worrying about gas prices and high transaction costs.

“This expansion is a big stride forward for Marginswap as we begin to transform into a multi-chain protocol,” said Doctor O., Marginswap founder. “We’re excited to join the Avalanche community and help users trade, lend and borrow with a simple, streamlined app.”

To access Marginswap, you can visit its application here. For more infomration on the project, you can join its community channels: Website, Twitter, Medium, or Telegram.





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