‘Unlimited leverage, no liquidation’ DEX launches on Base

Two pools are live on InfinityPools with sUSDe and wstETH collateral

by Donovan Choy /

January 21, 2025 02:00 pm

InfinityPools and Adobe stock modified by Blockworks

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Launched last Friday, InfinityPools is a new DEX on Base that offers unlimited leverage and no liquidations.

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How does it work?

To perform leveraged trades, InfinityPool traders take out loans in the form of Univ3-style concentrated AMM liquidity, as opposed to traditional stablecoin loans for margin trading. This is the crux of InfinityPool’s unique liquidation mechanism: Traders have the guaranteed option to sell their borrowed collateral back to the pool at a fixed price regardless of how much market prices fall (like a put option), thereby capping their losses at their initial deposits.

For example, a trader wants to take a leveraged trade on ETH, so they borrow liquidity designed to protect against a 10% price drop. If ETH falls below the 10% threshold, they can simply return the borrowed ETH to settle the loan, and traders can’t lose more than their deposit.

InfinityPools has currently two live pools — sUSDe/USDC and sUSDE/wstETH — with about $2 million in TVL on each pool. The first pool is offering ENA rewards, while the latter is offering LDO rewards.

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