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.