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The DeFi Chronicle: How To Leverage Leverage without Leverage
Trading with leverage is for the true adrenaline junkies in the crypto space. My hat goes off to anyone who can successfully guess and execute the whipsaws in the Bitcoin and altcoin markets. I tried it and, painfully, learned my lesson that I’m not good at it. Read about it here: The DeFi Chronicle: 5 Lessons I learned after getting rekt leverage trading Ethereum.
However, if you are like me and don’t have the stomach, luck, or skills to trade with leverage, here’s a way you can capitalize on the large amounts of leverage bet in the crypto space. Previously, I believed leveraged trading existed on centralized platforms where juicy gains left little guys like me out. Then, as I dived deeper into Ethereum Layer 2 ecosystems, I came across a platform called GMX.
13,877 investors are using the GMX platform. It exists on both Avalanche and Arbitrum and it is a decentralized leveraged trading platform. The home page of their website sums it up perfectly:
The brilliant part is that now investors like you and me can have ownership of the platform and share among the juicy fees.
