OpenLeverage wallet

What is OpenLeverage (OLE)?

OLE is the token of OpenLeverage, a permissionless margin trading protocol that lets anyone open a leveraged long or short on a token pair by pulling liquidity from decentralised exchanges instead of from a listed order book. The point of the design is coverage of long-tail pairs that centralised venues never list.

Two things about the token itself matter to a holder. First, OLE is usually locked rather than simply held: committing it to the protocol produces xOLE, a non-transferable position tied to your address that governs voting weight and in-app fee treatment. Locked tokens are not freely transferable, so plan the lock around when you might actually need them liquid.

Second, OLE is deployed on more than one chain. The versions are separate contracts with separate balances, and each one needs that chain's own coin for gas, BNB on BNB Smart Chain and ETH on Arbitrum. The address string looks identical across EVM chains, which is exactly why a deposit instruction has to specify the network and not just the address.

That is where the practical side of storage comes in. A Tangem wallet keeps a distinct balance for each chain and states which network a transaction is going out on at the moment you present the card to sign, so the network choice is something you read and confirm rather than assume. When one ticker lives in two places, having them shown apart instead of merged is worth the extra second of checking.

Supported networks in Tangem (2): Arbitrum One, BNB Smart Chain.