Why Limitless
Last updated
Last updated
As tokenization of assets becomes increasingly prevalent, the need emerges for a fully permissionless and incentive-compatible mechanism to swiftly establish new markets for leverage wherever and whenever there is demand.
Limitless empowers anyone to create and participate in a new liquidity market, which unlocks experiences uniquely feasible on-chain, by offering a general leverage facility built on top of concentrated liquidity AMMs. Our innovative mechanism provides an elegant solution for the following three participant groups;
Traders can margin long or short any pair with no forced price-based liquidations.
Instead, even when their position is deeply underwater(at or below 'liquidation price'), they are merely required to pay premiums to LPs to keep their position open.
Traders will not only be able to access high leverage on-chain for every asset but will also never have to worry about forced liquidations again.
Traders also can create leverage markets permissionlessly, allowing them to speculate on any pairs.
Limitless offsets impermanent loss by boosting yields for Uniswap liquidity providers.
Limitless offers an LP product where Uniswap LPs can generate yield even when their liquidity position is out of range.
When the liquidity position is not utilized for trading, it is lent out to traders/borrowers. When the liquidity position is utilized for trading(in range), it will accrue trading fees. This allows Limitless LPs to earn higher yields through premiums and trading fees.
LPs also can create leverage markets permissionlessly, allowing them to earn yields on any tokens.
Limitless is the first oracle-free leverage trading protocol that enables liquidation-free leverage for every token.
It is the only place where you can swap, margin trade, borrow against, and earn yield for every EVM-based chain's tokens.
