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Home All Events - Ape O'Clock Archimedes Leverage Round Launch


Feb 20 2023


2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Feb 20 2023
  • Time: 9:00 am



Archimedes Leverage Round Launch

Lending & borrowing protocol on Ethereum, with leverage.

The team has not announced a time for the first leverage round, only that it is on February 20. This time is a placeholder.

  • Provide OUSD as collateral
  • Leverage rounds begin with a higher price for lvUSD, which declines over time
  • There is a limited amount of leverage available for purchase during each leverage round
  • Leverage up to 10x
  • Positions can be closed at any time, if the position is not closed manually it will close after 370 days
  • Fees:
    • Leverage fee – paid in the native ARCH token, fees are higher early in the leverage round of decline over time
    • Origination fee – 0.05%
    • Performance fee – 30%
    • Fees are sent to the treasury and used to provide rewards to liquidity providers
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