After playing with OKX Wallet's leveraged trading, it's actually nothing more than 'long is borrowing U to buy coins, short is borrowing coins to sell'. Compared to the perpetual contract gameplay, there is nothing else in it except for leverage... Oh, right, the only difference is that you can borrow, mortgage, and exchange to trade. Simply put, you can use real U as collateral during the transaction, and then borrow U/coin from the Aave fund pool to place an order, Last time, a meme was airdropped to me, and there were still 14u left to try leveraged trading. I used this 14u to place an order, and eventually borrowed 28.6u and mortgaged 43.3u According to the leverage rules, when placing an order, 14u is pledged by default, and then 0.01173 ETH is borrowed from Aave. DEX then sells 0.01173 ETH at the current market price for 28.6u, which means that the final amount is twice as much as 14.45u+28.57u=48.3u. This fund is then locked in as collateral, and the transaction is completed in a closed loop This is a complete transaction chain consisting of three core elements: mortgage, loan, and exchange. In fact, the transaction process is quite good, but it is only suitable for long-term holders! I compared contracts and leverage. One position charges a capital fee and handling fee, while the other generates interest and service fees. However, when I looked at the same amount of funds and time, for a perpetual contract that was opened and held for 24 hours, the opening and closing fees and capital fees were basically around 0.02u. On the other hand, leveraged trading requires a one-time service fee of 0.29u to enter the market, Overall, short-term trading of perpetual contracts is more suitable, but if you are a medium to long term holder, leveraged trading will be more attractive to you. In the long term, the capital fee charged by the contract is several times higher than that of leverage, and leverage can only ignore the initial service fee and subsequent interest. At present, leveraged trading has just been launched. It is recommended that mainstream currencies be launched more in the future. Also, during the operation, I found that when short selling, it is not 3 times leverage, but actually 2 times leverage short selling, but it is displayed as 3x, I borrowed and sold approximately 28.57U of ETH with a principal of 14.45U, which is twice the amount of 28.57 ÷ 14.45. So let's see if I'm overthinking or if I really need to fix this issue? @OKXWallet_CN @okx Finally, I would like to make another suggestion. I hope the "limit order" can be put online, otherwise we cannot place orders to sell or buy at any time. This way, no order dares to stay overnight. If we cannot place orders, we must keep an eye on the market, If possible, would you consider adding an interest floating number to your position? By holding an order, you can know how much interest it earns, so you also know the specific payment situation. Overall, OKX Wallet's leveraged trading products are worth trying, and holding mainstream coins for the long term is worth it