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So for leveraged longs, it would be better to borrow

USDX and swap the assets you want to open position for?

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Yes, if you are supplying USDX, you could safely borrow USDX, then use ti to purchase other assets you want ot go long on. See my earlier post which discussed this https://t.me/kavalabs/263759

The other option would be to borrow BUSD which would also earn you borrow rewards, but you would need to leave a margin for USDX to lose it's peg although with a 12 hours average you do get time to adjust your position

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