WOWswap democratizes leveraged trading further by giving all power to the community. With WOW protocol liquidity providers can create and operate common liquidity pools, and traders can borrow these funds for their leveraged trades according to the rules collectively established by WOW token holders.
In decentralized finance (DeFi) leveraged trading also should be decentralized: community needs to be able to create and operate common liquidity pools and decide on leverage trading rules.
WOWswap is a community-run protocol for leveraged trading on decentralized cryptocurrency exchanges. Using WOWswap’s smart-contracts individual liquidity providers operate common liquidity pools, and traders use these funds to finance their leveraged trades on decentralized AMMs such as Uniswap and Pancakeswap.
All critical protocol’s parameters such as tokens approved for leveraged trading, liquidation margins, insurance fees, liquidation rewards, lending rates, fees for traders and liquidity providers are collectively decided by holders of WOW token – the protocol’s governance token.