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Blog iconDeDeLend
Dec 30

Borrow USDC against GMX positions | DeDeLend x GMX

DeDeLend is a lending platform that enables traders to use a perpetual position from GMX as collateral. You can borrow up to 50% in USDC of your unrealized profits from perpetual positions on GMX.How we tokenized GMX positionsWe had to tokenize GMX positions and make them transferable to enable borrowing against GMX positions. We have developed a group of smart contracts that allow traders to tokenize positions as ERC-721 tokens:ETH-LONGETH-SHORTOnly the holder of the ERC-721 token will be ab...

DeDeLend

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DeDeLend

DeDeLend is a lending protocol that enables traders to borrow against an Option or Perpetual position.

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