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Margin Trading Lending Borrowing
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Trade Lend

Fulcrum built on bZx protocol



© 2020 bZeroX, LLC

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APP



MARGIN MADE SIMPLE

Fulcrum is a powerful DeFi platform for tokenized lending and margin trading.

Trade

Up to 5x long/short

Lend

To earn interest


WHY IS
MARGIN TRADING WITH FULCRUM
BETTER?


NO KYC

Fulcrum is a decentralized margin trading platform. There is no need for any
verification, KYC or AML.


NON-CUSTODIAL

Whether lending or trading, maintain control of your own keys and assets with
our non-custodial solution.


EVERYTHING IS TOKENIZED

iTokens (margin loans) earn holders interest on borrowed funds and pTokens
(tokenized margin positions) allow your margin positions to be composable.


MINIMAL LIQUIDATION PENALTIES

Positions that become undercollateralized are only liquidated enough to bring
margin maintenance from 15% to 25%.


PERPETUAL POSITIONS

Enjoy a frictionless trading experience with positions that automatically renew
and zero rollover fees.


MAXIMIZE YOUR POTENTIAL GAINS

2x 3x 4x 5x

If ETH price goes 

+5%




You Gain 

10%



25%

past today future


HOW TO OPEN A LEVERAGED POSITION?

Select an asset, set your leverage, and go long or short

1

Select the amount of leverage for your asset

2

Enter the quantity and confirm transaction


FULCRUM SUPPORTS LEVERAGING, SHORTING, AND LENDING OF:

dai
eth
knc
link
usdc
wbtc
zrx
susd
rep
usdt


HOW SAFE IS IT?


AUDITED SMART CONTRACTS

The bZx base protocol has been successfully audited by leading blockchain
security auditor ZK Labs.


SECURE ORACLES

Chainlink’s decentralized oracle network is used for price information.


INSURANCE FUND

If undercollateralized loans are not properly liquidated, lenders are repaid
from a pool funded by 10% of the interest paid by borrowers.


OPEN SOURCE

As one of the founding principles of DeFi, we’re committed to interoperability
and the development of open source code - see for yourself!


FREQUENTLY ASKED QUESTIONS

WHAT DOES GOING LONG OR SHORT MEAN IN TRADING?

Margin trading has two main aspects: leverage and shorting. When trading with
leverage, a trader borrows assets to increase the amount of assets they are
trading. By doing so, they magnify the gains or losses of their trade. The
borrowed assets are known as a margin loan. To obtain the margin loan, the
trader puts up assets that serve as collateral. The terms of the margin loan
specify a collateral-to-loan ratio. If the trade falls below the specified
ratio, the trade is liquidated and the lender gets repaid using the trader's
collateral. Margin trading also includes shorting. When shorting, a trader
essentially sells assets they do not own. The short investor borrows an asset
and sells it with the expectation that the asset will lose value.

HOW ARE POSITIONS LIQUIDATED? IS THERE LIQUIDITY RISK?

Positions are liquidated using KyberSwap. When a trader goes under margin
maintenance (15%), they are only partially liquidated, bringing their current
margin to 25%. Only liquidating as much as necessary reduces the risk of
slippage from large liquidations. Anyone can initiate a margin call: the process
is permissionless and incentivized. The incentive to liquidators is a refund of
your gas * 2. There’s also no capital costs or risks like those experienced when
liquidating positions on other protocols. This ensures redundancy in the margin
calling process. Moreover, there is an insurance fund which protects lenders. In
the case that a lender would lose their principal, the insurance fund will
automatically disburse funds to the lender. This insurance is funded by a smart
contract holding 10% of all interest that is paid by borrowers to lenders.

ARE THE SMART CONTRACTS SAFE? CAN I SEE THE AUDITS?

Yes. The base protocol audit is publicly available. All custody is retained by
the base protocol. Both the base protocol audit and iToken/pToken audit were
conducted by ZK Labs, a recognized leader in the space. Matthew DiFerrante,
founder and lead auditor at ZK Labs, is a security engineer at the Ethereum
Foundation and audits the Ethereum core protocol itself.

Help center
Trade

Up to 5x Leverage,
and perfect liquidity

Start Now

Lend

To earn interest


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Need help?

“No centralization” doesn’t mean “no customer support.” We’re here to help!

Contact us

Fulcrum is built on the bZx protocol



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