Omomo leverage trading is a leverage trading protocol which utilizes feature of concentrated liquidty from ref.finance and lending borrowing feature of Omomo lending.
First step is Deposit
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Once user have deposited Sell token it may borrow required assets, if it chooses to trade with leverage, and create limit order to buy exact amount of Buy token at current market price. That where we interact with ref.finance V2 concentrated liquidity feature. It allow us to provide liquidity to the pool at concrete range and wait until market croses that range so whole liquidity is converted from Sell token to Buy token without paying Swap fee and rely on Slippage tolerance. Furthermore any operations over our liquidity provides us with additional income equal to pool fee.
NOTE
Right now everything done in one call executed by open position
Once order is created you should see it listed under trading view
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Once order is created it coud be automatically handled by Executor when the order is fulfilled. Once order is executed you now may either create Take profit order or Cancel the position.
- [not yet implemented]
Take profit orderis counterpart action to opening position, Leverage trading will create limit order at desired price which will be fulfilled once market hit this price and proccessed by executor the same way as open position Cancelposition allows you to immediately swap yourSell tokenat the current market price and could by used to prevent loss or take profit once you satisfied with the PnL
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