1inch / 1x.ag Goto Github PK

Current text as draft:
1x.ag allows to create a leverage position for multiple ETH tokens and ETH as well.

What does it mean?
If you have a feeling that ETH / USD will go up soon => you can borrow ETH in DAI and repay your debt with the lowest amount of ETH that you have borrowed. Margin trading is the way how you can multiply the earn factor. For example:
You can borrow 1000$ and earn like you have borrowed 5000$.

The only problem is that you multiply not only your wins but your looses as well. Basically if you will loose with 1000$ it will be like you loose 5000$

If you will use our service - we will help you to control your leverage position. You can choose the bounds where you are ok to have a leverage position. So, if it will be out of them - we will liquidate the position.

All of that is absolutely decentralized, we do not have access to your funds and we cannot liquidate the position without your permission.