PengumumanGate.io Has Added Lemond(LEMD) Margin Trading&Lending
Gate.io Has Added Lemond(LEMD) Margin Trading&Lending
2021-04-24 02:27:19 UTC
55421 Baca
Gate.io has added Lemond(LEMD) margin trading (LEMD/USDT), allowing up to 3X leverage.
At the same time, margin lendin g and borrowing of the coin are available. You can lend your LEMD to earn passive income (3.65%-365% APR).
Margin trading allow long and short positions and can facilitate price discovery as well as forming a more stable market. As a trader, you can borrow LEMD to short it or borrow USDT to long it. For holders, you can lend your LEMD to margin traders to earn interest on your holdings.
The Gate.io lending market is a peer to peer market where all the loans and borrowings are made between users. Gate.io does not participate in lending or borrowing.
About LEMD
Lemond is a decentralized, open-source, autonomous non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. Lemond is a Protocol initialized on OKExChain with lower gas cost and higher efficiency. Besides the basic loan function, Lemond would bring more in the following steps, all is aiming for a Juicy DeFi environment.
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