OKX is pleased to announce the listing of FODL on our spot trading markets.
Trading of FODL will start according to the following schedule:
1. FODLdeposits open at 7:00 am UTC on October 22.
2. Spot trading for FODL/USDT opens at 10:00 am UTC on October 22.
3. FODLwithdrawals open at 10:00 am UTC on October 25.
Fodl is a fully decentralized leverage trading platform using liqiudity from collateral lending platforms like Compound and Aave instead of funding rate and margin markets. Fodl enables traders to utilize leverage for their trades without paying a funding rate. This leverage is derived from existing DeFi building blocks, Compound and Aave. Traditional DeFi borrow/lend platforms are turned into money markets providing users with leverage by margining your assets to yourself.
Asset name: Fodl Finance
Total Supply: 1,000,000,000
Circulating Supply: 203,086,448
(Data from Oct. 22, source: CoinGecko)
Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
Oct 22, 2021 (UTC)