WAGMI

Wagmi is live on @SonicLabs!

Picture this: > 2021 alt season… but better > Euphoria… but stronger > ATHs… but higher Betting on everything… and winning.

@HeyAnonai 2021 vibes hit hard.

gm

@binance gm, wagmi

WAGMI on my chest, BUIDL in my bag #BinanceBlockchainWeek uniform activated.

Link to approve the LP for leverage: app.wagmi.com/dashboard/leve… Learn more about Wagmi no liquidation leverage here: docs.wagmi.com/wagmi/protocol… This is the last post in the thread.

If you hold $ASTER V3 LP from @PancakeSwap, you can approve it for Wagmi leverage to earn extra 175% in fees from users borrowing $ASTER or $USDT from your LP. This also allows traders to leverage long/short $ASTER without liquidation by topping up funding.

11/11 🔸In summary, Wagmi.com Leverage system makes it super easy to boost your trades without worrying about getting wiped out by sudden price drops, thanks to a fixed daily fee. Head over to: wagmi.com/trade/leverage, pick your network, set up your trade, and keep an eye on it through the dashboard.

10/11 🔸Once back on your Leverage dashboard, you will see the new updated timer. Keep in mind: You can always deposit more to extend the timer even further. Your deposit amount is proportional to the daily interest: I.e. depositing half of the interest will extend it 12 hours instead etc..

1/11 🔸 Wagmi.com’s unique Leverage system lets you go open your trades while dodging the stress of forced liquidations - all for a fixed daily fee. In this guide, we’ll walk you through how to get started, using the Sonic Network to long wS (Wrapped $S) against USDC.e as an example. Follow along at wagmi.com/trade/leverage, and let’s dive right into it

2/11 🔸Select Sonic network, find the $wS / $USDC pair and click Long on $wS 🔸In the Borrow box type in how much you would like to borrow for this long, in this example, we will input 1250 $wS, which will produce a 25X leverage set by the system, asking for a ~50 $wS deposit and total to pay of ~ 64 $wS. 🔸Below Borrow, you will find the Total To Pay box with all of fees structured. Price Impact: The price impact in form of tokens your leverage position will have on aggregated market onchain. -- Opening Fee: This fee is charged to traders by the protocol when initiating a position. -- LTF: Fee applied when opening a leveraged position, returned to the trader upon closing or redirected to a liquidator in case of liquidation. -- Daily Interest: A daily payment required to maintain an open leverage position. The amount for one day needs to be deposited to initiate the position. (This is the amount you will pay to extend your 24 hour timer, you may also prepay several day’s worth.) -- Deposit: Amount of tokens a trader must contribute to establish a leveraged position. It is an essential part of the position that ensures the solvency of the trader according to the LPers range no matter the price.

Hey $ANON 👀 We partnered with @HeyAnonai to bring the house of DeFAI to Blackhole!

More bridging options have just become available.