good news!! Lever2 now ready and the first launched will be on HECO on Jun. 16, 8:00 AM UTC.
Know more about LEVER2 :
- Optimization of Open/Close Position: for easier understanding and better user experience, Open & Close Position are both available under the Margin tab.
- Market Order: You can now place a market order on Lever. A market order is an order to quickly buy or sell at the best available current price. It needs liquidity to be filled, meaning that it is executed based on the limit orders that were previously placed on the order book.
- Limit Order: You can now place a limit order on Lever. A limit order is an order that you place on the order book with a specific limit price. The limit price is determined by you. So when you place a limit order, the trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price.
- Stop-limit Order: You can now place a stop limit order on Lever to either take profit or stop loss. The best way to understand a stop-limit order is to break it down into stop price and limit price. The stop price is simply the price that triggers a limit order, and the limit price is the specific price of the limit order that was triggered. This means that once your stop price has been reached, your limit order will be immediately placed on the order book. (For more example: https://bit.ly/3gpPyjP)
- Optimization of Service Fee: For a healthier and more sustainable growth of the Lever protocol, a 0.3% service fee is applied to your loan, which will be collected when repaying your debt. The fees collected will be used for future LEV buyback.
read the full article here
https://levernetwork.medium.com/lever-v2-launch-on-heco-c0f8280513ab