SuperPumped founder walks through leveraged prediction market trading, from deposit to resolution
"You come to SuperPumped, you log in via Privy, then you deposit USDC or any of the cryptocurrencies you want, or other payment methods. Those funds sit on dedicated accounts on Polymarket."
"You come to a market like, will Bitcoin dip to $55,000, and you choose how much leverage you want to take. That differs from market to market, it's monitored with the leverage engine. If a market is close to expiry we won't offer you 10x, but we will offer 3 or 4x."
"Say you took 3x leverage with a $20 margin. Your notional volume becomes $60, so instead of trading a market you already have conviction on with just $20, you're opening a position with $60. You pay an opening fee, and a small fee based on how long you hold the position, which is deducted from your position automatically."
"If your position gets liquidated, we use a deleveraging system so your entire margin doesn't get wiped. If you enter with 10x and reach your liquidation point, instead of closing the whole position we decrease the leverage, moving your liquidation point further away. The market might dip and then rise back, so your position doesn't get closed and you might end up in profit."
FT
@trysuperpumped