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War Room 2 - May 23rd, 2024
James Tolan

AMA with Marginly

Marginly Overview

Marginly is a leverage-as-a-service protocol that allows users to trade and farm on leverage. It has an SDK that DEXs and protocols can integrate to offer leverage capabilities directly from within their existing interface. Several new use cases for leverage trading on yield-bearing assets are being launched, in collaboration with Pendle, EtherFi and Kelp.

TLDR:

  • Plans to offer leverage on onchain RWAs with the potential to increase returns on tokenised T-bills
  • New product coming out allowing leverage on Pendle's principal tokens
  • Offering services on Ethereum, Arbitrum and Blast
  • Airdrop is still ongoing with incentives heavily favoured for lenders
  • Token expected to launch around September with an unofficial 5-10% allocated for the airdrop
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Disclosure: The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.