Singapore, April 26, 2022 — MojitoSwap, the top decentralized exchange (DEX) on KuCoin Community Chain (KCC), and OpenLeverage have announced a strategic partnership. The two parties will cooperate and explore areas such as enriching user trading strategies, lowering the threshold for decentralized leveraged trading and improving the user trading experience. 

To celebrate this strategic partnership, MojitoSwap will be launching a series of events with OpenLeverage. During the event, OpenLeverage will provide rewards for lending and margin trading pairs on MojitoSwap. OpenLeverage will reward MojitoSwap (MJT) traders with 500,000 OpenLeverage (OLE), of which 350,000 OLE will be used for trading activities, and 150,000 OLE will be used for lending activities.

MojitoSwap is a DEX running on KCC with functions such as swapping, farms, pools, a launchpad and nonfungible tokens. It adopts the automated market maker mechanism to provide users with KRC20-protocol token exchange services. Compared to the Ethereum and Bitcoin networks, MojitoSwap has lower gas fees and faster transaction speeds.

As a permissionless lending and margin trading protocol, OpenLeverage allows users to launch a leveraged trading market for any trading pair, combined with the liquidity provided by decentralized exchanges. Following the Ethereum mainnet and BNB Smart Chain, OpenLeverage was successfully released on KCC in April 2022. The permissionless, decentralized, scalable and secure leveraged trading facility provided by OpenLeverage provides convenient services for the fast-growing decentralized finance market, which has grown to more than $185 million in trading volume and $12 million in total value locked.

Regarding the cooperation of OpenLeverage, Gloria, chief media officer of MojitoSwap, said, “As the largest DEX on KCC, MojitoSwap, is committed to becoming a credible financial infrastructure for the KCC ecosystem, providing transaction liquidity for other applications in the ecosystem and enriching the user experience trading strategy. We appreciate the OpenLeverage team’s deep understanding of decentralized leveraged trading and professional experience in product design and operation. This cooperation is an important attempt for MojitoSwap to explore business horizontally.”

“Since allowing trading for MojitoSwap users through our integration, we have added more than $6 million in trading volume to MojitoSwap and hope to continue our success and leverage the future with our partners,” said Jackie, co-founder and CEO of OpenLeverage.

OpenLeverage’s trading and lending activities are in progress. In the future, MojitoSwap and OpenLeverage will launch more abundant activities. Currently, users who trade during the campaign period will receive the corresponding OLE reward.