Yeliz Akmaca 
Binance Alpha announced that it will list Overlay Protocol (OVL) token on August 14. This listing will be the first official platform integration for OVL.
Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Details about the airdrop and other information will be shared soon through Binance’s official channels.
Eligible users will be able to claim their airdrops using Binance Alpha Points from the Alpha Events page once trading begins.
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What is Overlay Protocol (OVL)?
Overlay Protocol is a decentralized finance (DeFi) protocol that facilitates trading against market predictions and price fluctuations. The platform leverages on-chain data to provide a reliable, transparent, and decentralized trading infrastructure.
Users can perform leveraged trades on various assets that are not possible in traditional markets, utilize risk management tools, and earn rewards. Overlay Protocol also offers earning opportunities for liquidity providers, aiming to expand the DeFi ecosystem.
The OVL token is the native token of this system and is used as collateral. When a position is profitable, new OVL tokens are minted, and when it incurs a loss, tokens are burned to rebalance the system. This mechanism helps Overlay Protocol overcome liquidity issues seen in traditional markets and aims to create derivative markets for a broader range of assets.
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