Seascape Partnership with WOWSwap.
This partnership will enable users to leverage their Crowns with WOWSwap and Seascape.
Seascape as a platform for NFTs, is thrilled to announce that leverage trading with pCWs has commenced in collaboration with WOWSwap. People can now use the platform to trade pCWS with up to 5x leverage.
So what exactly is leverage trading? Basically, it’s a financial strategy that allows a trader to gain more market exposure with a smaller initial investment. When using leverage, a trader borrows funds from an external party to increase their position, which will be repaid in the future with interest. With leverage, a trader puts forward a portion of their position (for example 20% for a 5X leverage) meaning that any profit or loss made would be increased by the same 5X factor when looking at the initial capital the user put forward. Despite the fact that a trader only holds a portion of the leveraged position, the trader’s profit or loss is determined by the overall value of the position. As a result, trading with leverage will result in a multiplied benefit or loss. But for the smart traders that spend their time on Seascape, they have a better opportunity.
Players can get in on the action as well on WOWSwap. Follow here
Be sure to connect your wallet on https://wowswap.io/#/swap if you need to know how to add Binance Smart Chain to your Metamask, then check the walkthrough here:
Choose which coin you’d like to swap for pCWS. However, due to limited pool availability, if you want in on that good leveraging action, you can choose BUSD or BNB. To check out their APYs click on Earn.
Select your leveraging amount up to 5x!
Hit swap and get your hands on some good tokens, which can be exchanged for your proper earnings.
And ensure to keep an eye on your Health and stay above your liquidation maintenance, which is essentially the least amount required to have to maintain your position and avoid liquidation. Users are required to pay hourly interest based on leverage and pool utilization rate, so factor this into your calculations. Losses are very real and very permanent, so be smart with your coin.
With Seascape and WOWSwap users can multiple their rewards, so stay tuned for amazing opportunities to earn even more!
Your Game. Your Rules.
Enjoy the Seascape.