Lavarage Announces Public Launch at the Solana Summit APAC by Chainwire

Kuala Lumpur, Malaysia, July 8th, 2024

Lavarage, the innovative decentralized spot margin trading platform, has officially launched to the public during the Summit APAC in Kuala Lumpur. Following a productive two-month closed beta phase, during which Lavarage processed over 10,000 leverage trading transactions across various tokens, the platform is poised to enhance the adoption of decentralized finance (DeFi).

Lavarage stands apart by offering decentralized spot margin trading for any tokens listed on decentralized exchanges (DEXs). The platform emphasizes capital efficiency and user experience, focusing on usability—an aspect often overlooked in the DeFi and Web3 sectors. This initiative is led by a dedicated team comprising seasoned professionals from financial markets, adept product designers, and blockchain engineers.

Key Features of Lavarage:

• Permissionless Access: Enables spot margin trading for any token already available on DEXs.
• True Liquidity: Trades are conducted against DEX liquidity, ensuring valid market prices.
• Usability: A mobile-first interface created by traders, tailored for fellow traders.
• Security: The platform has undergone rigorous audits by top security experts.

A Step Forward in DeFi
"The public launch of Lavarage represents a pivotal moment in our goal to improve liquidity and accessibility within the DeFi space," stated Fire, CEO of Lavarage. "Although our platform supports margin spot trading for all tokens, we notice that many users are taking advantage of Lavarage to trade new memecoins with leverage shortly after their DEX debut."

Exploring Lavarage
Traders and DeFi enthusiasts are encouraged to explore the Lavarage platform and harness its advanced trading functionalities.

About Lavarage
Lavarage is a decentralized platform connecting liquidity providers with traders, enabling spot margin trading on decentralized exchanges. With a foundation built by experts in traditional finance, blockchain engineering, and product design, Lavarage operates as an on-chain prime brokerage aimed at improving capital efficiency within the DeFi ecosystem.