Launched final Friday, InfinityPools is a brand new DEX on Base that provides limitless leverage and no liquidations.
How does it work?
To carry out leveraged trades, InfinityPool merchants take out loans within the type of Univ3-style concentrated AMM liquidity, versus conventional stablecoin loans for margin buying and selling. That is the crux of InfinityPool’s distinctive liquidation mechanism: Merchants have the assured choice to promote their borrowed collateral again to the pool at a set worth no matter how a lot market costs fall (like a put possibility), thereby capping their losses at their preliminary deposits.
For instance, a dealer desires to take a leveraged commerce on ETH, so that they borrow liquidity designed to guard towards a ten% worth drop. If ETH falls under the ten% threshold, they will merely return the borrowed ETH to settle the mortgage, and merchants can’t lose greater than their deposit.
InfinityPools has presently two stay swimming pools — sUSDe/USDC and sUSDE/wstETH — with about $2 million in TVL on every pool. The primary pool is providing ENA rewards, whereas the latter is providing LDO rewards.
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