PowerSweep Launch: Leverage Trading NFTs

Today, we’re excited to announce that PowerSweep - leverage sweeping for NFTs - is officially live. PowerSweep increases the purchasing power and flexibility of NFT traders, by:

1. allowing users to sweep NFTs with up to 3x margin (via Reservoir)

2. instantly and perpetually extend debt (every 30 days)

3. and never risk liquidation (list the NFT DURING the loan on Opensea)

For a more detailed walkthrough, check out the demos below which show you both how to use PowerSweep and once you’ve completed a sweep, how to manage your leverage trading positions.

PowerSweep:

Position Management:

PowerSweep is fueled by MetaStreet Capital Vaults, which means the approved collateral types, maximum LTVs and maximum durations all mirror the parameters set by the vaults. At launch, the approved collateral types are as follows: Wrapped CryptoPunks, BoredApeYachtClub, Nouns, Azuki, Doodles, BoredApeKennelClub, Autoglyphs, Meebits, MutantApeYachtClub, Moonbirds and CloneX. As the product matures and in connection with further upgrades to the MetaStreet Capital Vault design, new collections will be able to benefit from the liquidity offered by Capital Vaults.

Starboard Launch: MetaStreet’s Referral Program

For the next 30 days, MetaStreet will be running its first ever REFERRAL PROGRAM for the release of PowerSweep, with up to $400,000 in free giveaways!

Here’s how it works:

1. Head to the MetaStreet Discord to grab a link from a fellow member of the Flock, or use ours -https://referrals.metastreet.xyz?code=ayi1cwwu (we’ll be doing another giveaway of all referral rewards sent to this account).

2. Once you’ve signed in, you’ll see there are rewards for both referring new users, AND making leverage trades yourself, with increasing values as you achieve new tiers within the referral program.

3. Day one, you’ll earn 10% of ALL interest income generated by your referees, AND earn a 10% interest rebate on ALL leverage trades you complete yourself. As you level up within the Starboard, you’ll see these reward percentages grow up to 20% for both categories.

To give an example, as a Tier 3 (highest tier) referrer, 100 ETH in leverage trading volume (or one and a half bored apes) by your referees (assuming a 0.08% daily interest rate) will earn you 0.5 ETH in RISK FREE referral rewards. AND, your referees will be earning interest rebates on their trading activities as well.

Check it out now! Visit our referral link and get started trading and referring others today, or head to our Discord if you have questions or want to get a link from another community member!

Happy trading.