100% decentralized leverage trading, 0% funding rates
Fodl enables traders to utilize leverage for their trades without paying a funding rate. This leverage is derived from existing DeFi building blocks, such as Compound and Aave.
Pay 0% funding rates
Fodl lets you leverage your position by margining your collateralized assets to yourself, enabling funding-rate free leverage trading
Smart-contract bots
Prevent liquidations, set stop losses and take profit with Fodl's smart contract bots
Profit fees
Fodl charges a 2.5% fee to profitable position gains while leaving your principle untouched
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Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts.

FAQ

What is Fodl?

Fodl is a fully decentralized leverage trading platform using liqiudity from collateral lending platforms like Compound and Aave instead of funding rate and margin markets.

What is $FODL token used for?

$FODL is both the governance token of the DAO, incentivize platform users and liquidity providers, and as a utility token for decentralizing platform revenue through token buybacks.

How do I open a position?

On the Fodl app select a supply asset and supply amount, a borrow asset and leverage, Fodl platform calculates how much of the borrow asset is requires to match the leverage - then you can open your position!

How does Fodl create leveraged positions out of collateral lending platforms?

When a user opens the position, Fodl takes out a flash loan capable of opening the folded leveraged position in a single transaction, effectively allowing the user to leverage their principle beyond the limits of the underlying platform.

What is a folded leverage position?

Folded leverage is where a user deposits collateral on a lending platform, borrows against their collateral, re-deposits what they borrowed as additional collateral, borrows against the newly added collateral etc etc until the desired leverage is achieved.

Can I set stop losses to prevent liquidation on my leverage?

During beta, users will need to monitor their position and ensure not to set leverage too high. However, Fodl will soon support stop loss or take profit bots. If market conditions reach the user’s configured price, Fodl bots will unwrap a portion or entirety of the user’s position per configuration.

How do I open a long position?

Long positions can be defined as Fodls where the supplied asset is a non-stablecoin and the borrowed asset is a stablecoin. The positions are for users who are bullish on market conditions and seek to profit from price appreciation of assets against fiat stablecoins.

How do I open a short position?

Short positions can be defined as Fodls where the supplied asset is a stablecoin and the borrowed asset is a non-stablecoin. The positions are for users who are bearish on market conditions and seek to profit from price depreciation of assets against fiat stablecoins.

How do I open a correlated position?

Correlated positions can be defined as Fodls where the supply and borrow asset prices are generally correlated or exactly the same (ie. stablecoins). Correlated positions are a strategy focused on maximizing governance token farming of COMP AAVE with reduced risk of liquidation due to underlying asset price movements.

What are the fees for using Fodl?

-0.1% from principal when a user exits their position -2.5% on profit margin (profit margin is: (revenue - cost) / revenue) taken when user exits position -10% of platform rewards (COMP, AAVE) whenever user claims rewards

How do these fees differ to other types of leverage?

Rather than perpetual funding rates, Fodl takes flat % fee based on profit (2.5% share of leveraged profits), leveraged reward token farming (10% platform rewards) and .1% base for stop loss and liquidation protection. Fodl fees are generally lower than other forms and services of leverage, especially when including platform rewards.

Are there any rewards for using Fodl?

Yes! $FODL is distributed to boost the rewards of the underlying collateral lending platforms

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