# Bitleverage Bitleverage is a decentralized perpetual quanto smart contract that allows users to open long or short contracts by staking any supported token. The first highlight feature of Bitleverage is its perpetual aspect, which means contracts do not have an expiry date, allowing positions to remain open as long as the margin requirements are met. "Quanto" is a term used in finance to describe a type of derivative in which the underlying security is denominated in one currency, but the derivative itself is settled in another currency at a fixed exchange rate. These derivatives are particularly useful for hedging and managing currency risk. The “quanto” characteristic allows users to stake assets that are not native to the blockchain on which Bitleverage operates, in this case the BounceBit network. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bouncebit.io/archived/for-bounceclub-members/how-to-use-dapps-within-bounceclub/bitleverage.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.