Balance is excited to announce a new partnership with Takepile, a leading trading platform built on Fantom. Takepile offers a decentralized perpetual exchange with up to 200x leverage, 20+ markets and is set to launch their platform utilizing USDB stablecoin for TAKE token liquidity and in their novel liquidity system ‘piles’ which guarantee position solvency. 

The Takepile Protocol’s pile liquidity system is their single greatest point of differentiation from other trading platforms. Here’s how it works:

• Traders deposit USDB stablecoin into a pile and receive pileUSDB token in return with which they open and close positions and realize their gains or losses
• This pileUSDB token is essentially the equivalent to a share of ownership of the pile
• The more shares of the pile traders possess, the larger entitlement they have to the underlying asset
• A pile token is minted or burned upon the realization of profit or loss, increasing or decreasing a trader’s share of the pile. 

Since liquidity is comprised of the underlying asset and trading does not utilize the same asset but is rather analogous to opening & closing positions with an LP token, the system ensures position solvency no matter the market situation.

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How USDB is utilized by Takepile

For DeFi users, this partnership will also introduce lucrative opportunities through:

• TAKE/USDB LP -  TAKE token liquidity generation
• TAKE staking on piles for trading-fee share
• pileUSDB single staking - Pile liquidity generation incentive 
• Liquidation Pass NFT – utilized to whitelist wallets who wish to be liquidation bot operators (simply put, an additional fee share mechanism)

Below are some more salient features of the Takepile platform:

• Leverage of up to 200x - 5 times more leverage than any other DEX 
• Take-profit, stop-loss, and limit orders
• 20+ markets, limited only by Chainlink price feeds available
• No slippage trades
• Guaranteed solvency because of their novel pile liquidity system
• Competition / competitive aspect – Investors' gains are not limited to their position alone, but also to how well they trade against others in the same pile
• User-friendly, far more intuitive UI designed to attract all traders, rather than a trader of a specific profile

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How Takepile compares with other DEX and trading platforms

About Balance

The Balance Organisation is a team of product strategists, business executives, financial engineers, and world-class developers from across the globe. We leverage our decentralized business experience to help build a more sustainable, inclusive crypto investment economy. 

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