Review on Leverj by Stephen Toluwani
Decentralised Perpetual Contracts Exchange on Ethereum Layer 2
Leverj, a futures contracts decentralised exchange, developed using a Layer 2 solution to the Ethereum Blockchain, makes it's debut to the scene with millions of dollars traded monthly on this Futures DEX. Its interesting to know that this exchange is really not that popular in the news but has a huge following from its band of users. Why many choose Leverj for their decentralised options trading is mostly due to the fact that you don't pay a dime for gas fees while using the DEX and the speed of execution due to its corraboration with Gluon makes the platform a better place to trade leveraged positions anonymously.
To use this exchange for a start, one has to link up the exchange, it's best done with MetaMask, to the platform, thereby not releasing ones information to the third party. With leverage counting up to a 100x for Bitcoin, Leverj gives a trader the opportunity to earn a lot, or loose either way. It's quite depressing to know though that the exchange has no Support for a host of other options, limiting itself to just 3. With the project still coming up, much can be expected still
Pros
- High throughput on speed of trade execution
- Zero gas fees as the exchange is built on Layer 2 substrate of Ethereum
- Decentralised. So no need to share ones information to begin trading here
- Supports charting tools and also gives an option to redirect one to TradingView
- The exchange user interface is very perfect, taking up the resemblance of the Centralised ones thereby giving one more assurance
- Enough liquidity from it's pool to trade from
Cons
- Just three options are available to trade on
