FODL is a decentralized leverage trading platform on the BNB chain, Polygon, and Ethereum. It utilizes liquidity from collateral lending platforms like Compound and Aave instead of funding rate and margin markets. The governance token of FODL is $FODL, which also serves as a utility token by providing incentives for platform users and liquidity providers. You can stake your $FODL tokens either single-sided or dual-sided on Ethereum or Polygon.

How do I open a position?

To open a position on FODL, you can either select a preset trading strategy or create your own strategy by choosing the assets you want to long and short, the principal investment amount, and your desired leverage. Once you have made these selections, you can proceed to open your position.

How does FODL create leveraged positions using collateral lending platforms?

When a user opens a position, FODL takes a flash loan capable of opening the folded leveraged position in a single transaction, allowing the user to leverage their principal beyond the limits of the underlying platform.

What is a folded leverage position?

A folded leverage position is created when a user deposits collateral on a lending platform, borrows against their collateral, re-deposits what they borrowed as additional collateral, and repeats this process until the desired leverage is achieved.

Can I set stop losses to prevent liquidation on my leverage?

FODL has developed bots to support stop loss or take profit orders. If the market conditions reach the user's configured price, FODL bots will unwrap a portion or the entire position as per the user's configuration. Currently, FODL is in beta testing mode for bots on BNB and Polygon.