Limitless, a novel protocol, is aiming to replicate Uniswap's impact on DeFi in the area of leverage trading. Leveraging Uniswap's Automated Market Maker for asset pricing, Limitless eliminates reliance on oracles for price feeds and instead provides yield-earning opportunities for liquidity providers while cutting counterparty risk. This opens up the possibility of having permissionless, perpetual market launches for all new tokens, instead of having to wait for them to be listed on a CEX, and offers liquidation-free leverage trading, potentially revolutionizing the DeFi derivatives landscape.
Monday, March 25, 2024